MAERSK DECOMMISSIONING JV NAMED MAERSK DECOM

July 04, 2018

Maersk Drilling advised that its decommissioning joint venture formed in April 2018 was named Maersk Decom. Since its establishment, Maersk Decom has received interest from both the North Sea where more than 400 fields are expected to cease production by 2026 and from the global market.
Latest market reports indicate that despite the recent uptick in oil price, decommissioning projects will still go ahead due to drivers such as infrastructure integrity, class approval and recertification, and limited export infrastructure.
“Operators in the North Sea can see the value that Maersk Decom brings to the table. By offering bundled solutions and project management covering, to start out with, up to 80% of the decommissioning value chain, they can entrust the majority of the work scope to one dedicated and experienced point of contact. Simplifying the delivery model in this way enables us to lower the risk and overall cost for our customers,” says Jens Klit Thomsen, CCO.
Maersk Decom provides bundled decommissioning solutions to global oil and gas operators. Initially covering up to 80% of the decommissioning process, Maersk Decom offers project management, well plug and abandonment, towage of floating units and removal of subsea infrastructure. In the long-term, Maersk Decom plans to provide the full end-to-end process of decommissioning.
The company was established in April 2018 as a 50:50 joint venture between Maersk Drilling and Maersk Supply Service. Maersk Decom leverages the parent companies’ heritage of over 50 years of safe and efficient operations, high quality assets and technical capabilities. (Source: Maersk Drilling)