Middle East burying head in the sand on decommissioning
The Middle East is yet to fully plan for its decommissioning future
Decommissioning globally is set to expand rapidly as decades-old infrastructure comes to the end of its productive life. While the Middle East has largely escaped the wave of decommissioning that has hit the North Sea and Gulf of Mexico, this could soon be about to change. The Gulf is now one of the most prominent future hot spots in the industry. By 2038, more than 1,000 structures and 3,000 wells will be more than 30 years old, a report on offshore decommissioning by the Boston Consulting Group identified. The international push for countries to transition to a low-carbon economy may also hasten the need for decommissioning and the introduction of standards and legislation. The UAE, Saudi
Also in this section
17 May 2024
The latest drought crisis is passing, but longer-term solutions are in motion, explains Panama Canal Authority Administrator Ricaurte Vasquez Morales
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
14 May 2024
But there is still plenty of appetite for the country’s LNG in the Asia-Pacific region