….Creating clear horizons

Decom Offshore Limited     Registered in England and Wales Company Number: 8761220

+44 (0) 191 704 2001

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Decommissioning Liability Estimates

Decom Offshore have been providing accurate decommissioning liability estimates to clients for over 20 years.  Our decommissioning liability estimates are fully compliant with the international accountancy standards 37 (IAS37) for contingent liabilities and contingent assets.  Our experience looks at all cost provisioning including decontamination and isolation, special and hazardous waste disposal, dismantling, demolition and land remediation  / restoration or seabed clearance including plug and abandonment costs associated with wells.

Decom Offshore will calculate accurate liability estimates looking into all aspects of cost reduction through our SMART decommissioning process. Demolition costs focusing on latest technology and methodology to be both safe and cost effective, whilst maximising the financial return from redundant assets and metals.

Decommissioning of oil and gas assets is becoming one of the most significant, uncertain and challenging projects that our clients have encountered with ever increasing costs to decommission the North Sea. Activities and expenditure are expected to ramp up over the coming decades, so it is vital that management and shareholders fully understand the inherent risks associated with current estimates of their decommissioning liabilities.

Decommissioning programmes are complex and vary region to region, so we have explored the critical questions to consider in order to keep projects on course and mitigate delivery risks.

The accuracy of decommissioning liabilities is ever more important to clients when considering acquiring, mergers or take-over, we can appraise and verify any existing liability estimates based on factual information.