Decommissioning & Abandonment Summit 2012
Delta Rigging & Tools is a key sponsor and exhibitor at the upcoming 4th Annual Decommissioning & Abandonment Summit for the Gulf of Mexico. The event takes place on March 22-23, 2012 at the InterContinental Hotel in Houston, Texas.
Organized by DecomWorld, the event will host more than 800 senior decommissioning decision makers and many of the leading oil and gas producers and oilfield service companies involved in decommissioning projects.
This event focuses on the issues and challenges related to decommissioning worldwide, but specifically in the Gulf of Mexico. The information presented includes:
- Regulatory Updates
- Market Overviews, Economics & Analysis
- Operator Case Studies
- Project Management Strategies
- Supply Chain Management
- In-depth Decommissioning Technology
- Best-of-Breed Vendors with experience in decommissioning like Delta Rigging & Tools
Why is this conference growing every year?
A mandate issued by the US Department of the Interior for the removal of ‘Idle Iron’ triggered an estimated 25% increase in decommissioning activity, valued at US$3.5bn.
In addition to the government mandates driving new activity, Hurricanes Katrina and Rita also spurred action on the part of the owners of idle drilling and production platforms as they realized that plugging and abandoning the structures as part of a planned process is far less complex and expensive than doing it after they are damaged or torn loose by storms. Owners found that these old platforms created a significant liability issue for their companies, as the platforms were likely to cause expensive damage to other producing platforms as well as the pipeline network on the sea bed if torn loose in a storm.
This effort to plug and abandon old wells is now part of an estimated $30 – $40bn decommissioning market in the GoM with an annual market value between $142 to $394 million per year for structure removals, and $235 to $430 million per year for plugging and abandonment activity.
In fact, the Outer Continental Shelf had more wells abandoned in 2009 and 2010 than at any other time in the past. In total, there were 1,381 wells abandoned in 2009, followed by 1,477 wells in 2010.
In 2011, the petroleum industry abandoned 671 wells and removed 62 structures from the OCS in just the first six months of the year, on a pace to abandon as many as 1,500 wells and remove some of 250-280 total structures for the year.
Delta Rigging & Tools has been providing equipment and services to support the decommissioning and abandonment effort for years. With multiple locations in Louisiana and Texas, we can support your requirements for Modulift Spreader Bars, FibreMax synthetic cable, wire rope slings, and heavy chain. We also offer the nation’s largest fleet of heavy air hoists up to 100 tons for sale or rent, along with chain hoists, air tuggers, overhead cranes, and more. Our expertise in lifting and rigging is recognized across the oil and gas industry, and we deliver on our promise of safety, service, quality and value. When every lift counts, you can count on Delta Rigging & Tools.
If you are attending the Decommissioning & Abandonment Summit, stop by and see Delta Rigging & Tools in booth #6. To find out more and to register for this important industry event go to: http://www.decomworld.com/decommissioning/index.shtml