Westwood announces the launch Atlas Decom, a brand new dedicated market intelligence solution that provides the What, Where, When and Who of the offshore UK and Norway abandonment landscape.

Highlights

• Hubs & Fields: Access a detailed view of fixed facilities, floating facilities, subsea infrastructure, wells and abandonment costs on a hub and field basis.
• Operators & Companies: Identify decommissioning business development opportunities through an Operator or Company lens of field, hub, infrastructure and well data.
• Sensitivity Analysis: Using the valuation tool, quickly evaluate the impact of different oil and gas price scenarios on production and economic CoPs for fields and hubs.

According to Yvonne Telford, Director, Northwest Europe E&P: 
“As the UK North Sea enters a new phase where decommissioning becomes the dominant industry driver, the supply chain faces significant demand and major financial risk. Based on current investment plans, up to 40% of UK fields could cease production before 2030. With the impact of decommissioning tax liabilities on abandonment expenditure, cost-effective P&A must be paramount.” 

Westwood's new Atlas Decommissioning provides real-time flexibility for users offering detailed insights into decommissioning timelines, infrastructure removal and market dynamics. For the first time, industry players will be able to dynamically model decommissioning schedules based on key economic drivers, such as commodity prices and operating costs, allowing them to predict shifts in activity and optimise planning.

Benefits

Decommissioning Activity Forecast
Make dynamic forecasts of field economic CoPs with projections of the associated infrastructure to be abandoned.

Business Opportunities
Identify and assess opportunities within the decommissioning market by understanding the What, Where, When and Who.

Operator Lens
Aggregates the production, field facilities, infrastructure and wells at the operated level to allow the supply chain to understand scope of work by Operator.

Independent Source
Improve internal decision making with an independent and objective source for decommissioning timing and requirements.

Supply Chain Opportunities
Identify the volume of decommissioning opportunities for major activity work fronts such as wells P&A, platform removal, subsea templates and manifold removal.

Industry Knowledge
Access a highly experienced and dedicated team with deep industry knowledge of oil & gas decommissioning.

KeyFacts Energy Industry Directory: Westwood Global Energy   l   KeyFacts Energy: Decommissioning news