Aberdeen-based energy services company THREE60 Energy has secured a six-year, multi-million-pound contract to lead what it says is the UK’s first multi-asset decommissioning scope.
As part of a contract with a major North Sea operator awarded following a competitive tender process, THREE60 Energy said it would provide duty-holder services to deliver and support end-to-end decommissioning for multiple assets in the North Sea.
The contract covers both installation and pipeline operator scopes and initially includes three offshore assets with the option to include a further three over a six-year period. The scope of work will commence immediately.
The company noted it will deliver and support from the initial planning and regulatory compliance to project management, post-cessation of production (CoP) operations, engineering preparation and infrastructure removal for what forms part of one of the North Sea’s most ambitious decommissioning programs.
“We are proud to take on this significant multi-platform decommissioning scope, which reflects the growing demand for our fully integrated services,” said Walter Thain , CEO of THREE60.
“We have co-created a specific service offering in conjunction with our customer which combines our unique capabilities to responsibly manage these projects, ensuring that we meet the highest environmental standards while delivering safe, efficient and cost-effective decommissioning. Decommissioning is a key enabler of the energy transition within the UK and a huge export opportunity as other basins globally reach late life.”
Worth noting, THREE60 earlier this year acquired a local subsea engineering company with the aim of enhancing its capabilities. At the time, the company said was expecting the acquisition to further enhance its lifecycle solutions offering by adding subsea engineering, operations and decommissioning experience to its Subsea service line, formed in October 2023.