Axis Well Technology, Costain, DNV GL and BMT Cordah have come together for an industry first and created Integrated DECOM, a consortium offering end-to-end oil and gas decommissioning services for the UK continental shelf. The joint venture will provide comprehensive offshore drilling services, including well design, drilling, completion of well, cementing and decommissioning, as well as engineering support to onshore operations.
Axis Well Technology, Costain, DNV GL and BMT Cordah have come together for an industry first and created Integrated DECOM, a consortium offering end-to-end oil and gas decommissioning services for the UK continental shelf. It is estimated UK firms will spend £16.9bn ($21bn) over the coming decade in decommissioning, with 79 platforms requiring removal and 1,200 wells needing plugging.