Written by Megain Buchan
As the oil price hovers at around $50 a barrel, oil and gas operators are now looking at the next phase of the North Sea sector – decommissioning. This is an area that could provide new opportunities for the industry. The UK has the potential to become a global centre of excellence in decommissioning, which could provide a substantial source of revenue for some time to come.
Recently, I was at an event hosted by Finding Petroleum, which took a deeper look into decommissioning in the North Sea. On average, it takes about eight years from planning to final decommissioning and Oil and Gas UK’s current estimation is that between £30 billion and £60 billion will be spent in the sector in the next 30 years. This estimation has trebled over the last six years.
This fledgling sector offers real opportunities to oilfield service companies. Oil and Gas UK states that between now and the mid-2050s around 470 platforms, 5,000 wells, 10,000 kilometres of pipelines and 40,000 concrete blocks will have to be removed from the North Sea.
However, as the decommissioning industry grows, many companies will be vying for a share of the prize. Timing is key. There is a window of opportunity and it is now.
And this is where Aspectus can help. We have been specialising in the oil and gas sector for many years. We help clients build their brand profile, increase leads and generate investment.
We do this by devising a clear brand strategy and creating original ideas, high-impact visuals and written content to support it. We promote this content through the channels that influence your target audience. And we do so in a way that builds your online profile and drives people to your website. That’s how we create engagement.
To find out how we can help you engage and educate your audience on decommissioning contact us at email@example.com.