Decommissioning of offshore oil and gas platforms: A systematic literature review of factors involved in the process

Vidal, Priscila da Cunha Jácome; González, Mario Orestes Aguirre; Vasconcelos, Rafael Monteiro de; Melo, David Cassimiro de; Ferreira, Paula de Oliveira; Sampaio, Priscila Gonçalves Vasconcelos; Silva, Djalma Ribeiro da

doi:10.1016/j.oceaneng.2022.111428

Cited by 21 publications

(15 citation statements)

References 91 publications

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“…Is there a standard transdisciplinary decision-making assessment process from other industries that can be adapted/applied to decommissioning decisions for offshore structures; and if not, what is needed to develop one? Many peer-reviewed studies have evaluated the suitability of existing decision-making assessment processes for the decommissioning of offshore structures (such as, Comparative Assessments, Multi-criteria Decision Assessments, Life Cycle Assessments, amongst others, e.g., Fowler et al, 2014;Martins et al, 2020;Capobianco et al, 2021;Colaleo et al, 2022a;Lemasson et al, 2022;Vidal et al, 2022). A common finding of these studies is that the multitude of factors involved with offshore decommissioning have not, to date, been considered comprehensively.…”

Section: Transdisciplinary Decommissioning Assessment Standardsmentioning

confidence: 99%

Offshore Decommissioning Horizon Scan: Research Priorities to Support Decision-Making Activities for Oil and Gas Infrastructure

Watson¹,

McLean

Balcom³

et al. 2023

Preprint

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Section: Transdisciplinary Decommissioning Assessment Standardsmentioning

confidence: 99%

Offshore Decommissioning Horizon Scan: Research Priorities to Support Decision-Making Activities for Oil and Gas Infrastructure

Watson¹,

McLean

Balcom³

et al. 2023

Preprint

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“…In the last 10 years, the decommissioning of offshore platforms has become an ever‐growing problem due to its environmental, economic, and social impacts (Lakhal et al, 2009; Vidal et al, 2022). The decommissioning of offshore platforms refers to a multidimensional and interdisciplinary process that can deeply impact macro factors such as political, economic, social, legal, and environmental (PESTLE) variables.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

An ecosystems perspective on the reconversion of offshore platforms: Towards a multi‐level governance

Basile¹,

Loia²,

Capobianco³

et al. 2022

Corp Soc Responsibility Env

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The decommissioning of offshore platforms has been increasingly discussed due to its economic, social, and environmental impacts. The high complexity of this multilevel context pushes for the adoption of a service ecosystem view to explore the value propositions and actors' relations involved in resource exchanges. This study follows a mixed-method approach based on semistructured interviews conducted with oil and gas stakeholders and content analysis of the secondary data collected.The results highlight the ecosystem elements and identify the main drivers for sustainable growth in the process of the reconversion of oil and gas assets. A "meta" level is theorized to investigate how the actors' purposes can be harmonized with an ecosystem's goal to encourage the diffusion of a sustainable-oriented culture in the context of offshore decommissioning. In this sense, the study provides several insights for researchers and professionals in both the local and national governance field and the oil and gas industry.

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“…Its investment cost is mainly affected by the water depth of the sea area and the weight and volume of treatment facilities on the upper block, while the weight and volume of treatment facilities depend on the treatment capacity. Therefore, in this module, this paper chooses water depth, oil storage capacity, and gas and water treatment volume as the independent variables for regression analysis, as shown in Equation (7). The cost ranges from 100 million USD to 1800 million USD with an average of 446.36 million USD.…”

Section: Platform Substructure Modelmentioning

confidence: 99%

“…The cost of project investment determines whether an offshore field is worth exploiting. The economic evaluation of the project is a critical subject for the industry to ensure its profitability [7]. In addition, the prospect of offshore oil is also shaken by the shale revolution, the rise of renewables, and the fall in oil prices [8].…”

Section: Introduction 1backgroundmentioning

confidence: 99%

A Realistic and Integrated Model for Evaluating Offshore Oil Development

Qiu

Zhang

et al. 2022

JMSE

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With the rising consumption of oil resources, major oil companies around the world have increasingly engaged in offshore oil exploration and development, and offshore oil resources have accounted for an increasing proportion. Offshore oil engineering projects are capital intensive, and the development of offshore oil fields faces a tough battle, especially in a period of low oil prices. Thus, a comprehensive evaluation model is highly needed to help assess economic benefits and provide meaningful and valuable information for operators and investors to make sensible decisions. This study firstly proposed a realistic and integrated evaluation model for offshore oil development based on actual historical project data. This evaluation model incorporated modules from the underwater system to the platform system and processes from oil reservoir extraction to oil, gas and water treatment. The uncertain parameters in the evaluation process are dealt with by sensitivity analysis and Monte Carlo simulation. The proposed model is applied to a typical offshore oil development project in Bohai Bay, China. The results reveal that the recovery factor and oil price have the greatest impact on the economic benefits. In the case of deterministic analysis, the breakeven oil price of the project is 40.59 USD/bbl. After considering the uncertainty of project parameters, the higher the oil price, the greater the probability of NPV > 0. When the oil price is higher than 70 USD/bbl, even with uncertain project parameters, the probability of NPV > 0 can still be as high as 97.39%.

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Decommissioning of offshore oil and gas platforms: A systematic literature review of factors involved in the process

Cited by 21 publications

References 91 publications

Offshore Decommissioning Horizon Scan: Research Priorities to Support Decision-Making Activities for Oil and Gas Infrastructure

Offshore Decommissioning Horizon Scan: Research Priorities to Support Decision-Making Activities for Oil and Gas Infrastructure

An ecosystems perspective on the reconversion of offshore platforms: Towards a multi‐level governance

A Realistic and Integrated Model for Evaluating Offshore Oil Development

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