Fairfield Decom calls it a day blaming market’s ‘discernable gap’ between rhetoric and reality

  • Date: 09-Jul-2021
  • Source: Energy Voice
  • Sector:Oil & Gas
  • Country:Gulf
  • Who else needs to know?

Fairfield Decom calls it a day blaming market’s ‘discernable gap’ between rhetoric and reality

Integrated decommissioning firm Fairfield Decom has confirmed it has ceased trading with immediate effect.

In a statement, the company’s managing director, Graeme Fergusson, said it was a “very difficult decision” that was the result of “numerous” offers failing at the eleventh hour.

He blamed a “discernible gap” in the current rhetoric in the industry, with enthusiasm for “innovative decommissioning models” from operators not translating into action.