Effective Oil And Gas Decommissioning

Decommissioning is expensive. And it is getting even more expensive. Cost per platform well is up by a quarter since 2021. Cost per E&A well is up by over a half. Overall, the industry needs to spend more than £2.4bn each year for the next decade to hit its decommissioning targets.

What can Information Management do to get costs down?

Good Information Management is key to good decommissioning decision making, and good project delivery – both focus areas for the IOGP’s decommissioning task force.

For an asset with decades of operation, the information needed for decommissioning will be, quite literally, all over the place. In offsite storage, in cupboards and desk drawers, offshore, onshore, on paper, tape, floppy discs, file shares, SharePoint, the cloud, in multiple versions, and in formats now obsolete many times over.

But organising all this information takes time. Time to process boxes and boxes of paper to scan, digitise, OCR, file, and so on.

Flare has spent the last twenty years finding ways to get all this done faster, better, and cheaper.

Flare’s Sirus platform works seamlessly across file shares, SharePoint, EDMSs, and physical archives listings to find the documents your decommissioning teams need, and then classify and organise the scanned files with a high degree of automation.

Flare MiNDR identifies well data and documents that need to be reported to the NSTA, speeding compliance with your regulatory Information and Samples Plan.

All of the above help you to match your documents to your company’s records retention schedule, giving you legal certainty on what must be kept and for how long, versus what can compliantly be destroyed.

Good Information Management is key to good decommissioning decision making, and good project delivery. Contact us for find out more.