A new global oil and gas decommissioning consortium has been launched that will utilise a collaborative supply chain approach to carry out decommissioning works.

The consortium, which includes LR, WorleyParsons and Ardent, will focus on reducing the costs and risks associated with decommissioning works for the oil and gas industry.

It will include experts to carry out every activity associated with decommissioning, including late life management, planning, removal, waste management works, as well as post-removal activities.

Furthermore, the consortium is said to possess the capacity to take well operatorship, duty-holdership and title of offshore structures, as well as offer independent third-party assurance.

LR Asset Management and Decommissioning director Steve Gilbert said: “Decommissioning can be daunting; the cost uncertainty, the colossal project scope and the unknown long-term liabilities.

“Decommissioning can be daunting; the cost uncertainty, the colossal project scope and the unknown long-term liabilities.”

“The consortium helps to reduce the overall cost, time and liability burden for operators and allows them to focus resources on more fruitful activity, knowing that their decommissioning project is in safe hands.

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“As experts in asset and risk management, and a number one provider of verifications services, this approach will assure safety, efficiency and reputation.”

The consortium will provide decommissioning activities for the operators across Europe, Asia and the Americas.

Ardent CEO Peter Pietka said: “We bring to the consortium over 150 years of maritime retrieval experience, as a global leader in salvage and wreck removal. Through our expertise, we are in the unique position of being able to apply techniques and learnings from other sectors such as marine wreck removal, to improve how to tackle the increasingly important challenge of decommissioning offshore oil and gas infrastructure.”

All members of the consortium have experience of working on all areas of late life and decommissioning works.