Strategic location and huge fabrication yards a winning combination
North East England has the highly skilled workforce, sites and exceptional infrastructure to seize the huge opportunities in decommissioning ageing North Sea oilfield assets.
Over the next 25 years, experts estimate £30bn will be spent decommissioning existing North Sea assets. In the next five to ten years alone, annual expenditure for this work is anticipated to top £2.5bn per year in the UK.
Decommissioning contract work is vast – 475 installations, 5,000 subsea wells and 10,000km of pipelines.
Industry decommissioning body Decom North Sea confirms this increased activity will provide opportunities for our region’s offshore supply chain.
Decommissioning work will require large-scale engineering, subsea technology, safety management, decontamination and well-plugging expertise.
Our region’s strategic North Sea coast location, sites, deep water ports, road and rail infrastructure and renowned engineering expertise, means North East England is the ideal location to site decommissioning activity.
Development land offers berthing for vessels at riverside sites with large craneage, heavy loading specialism and major storage facilities.
Our large fabrication yards on the River Tyne offer easy access to the North Sea with decades of experience managing large, complex manufacturing and engineering projects.
North East England’s highly skilled, low cost workforce provides the ideal cost effective solution for investors in decommissioning activity, in a region with one of the UK’s most developed supply chains for the offshore wind and renewables sector.