Beacon Offshore hires Claxton for Thailand decommissioning work
- Date: 04-May-2021
- Source: Energy Voice
- Sector:Oil & Gas
- Country:Middle East
Beacon Offshore hires Claxton for Thailand decommissioning work
Claxton, the lead brand of UK-based Acteon’s drilling and decommissioning business segment, has signed a master services agreement with Thailand-based Beacon Offshore for the severance and recovery of more than 100 subsea wells in the Gulf of Thailand.
“The relationship with Beacon Offshore is a milestone for long-term collaboration in the region which was underpinned by significant effort and commitment by all parties. We are very excited about this project as it highlights Claxton’s rigless P&A capabilities and reflects the expertise of Claxton as a trusted partner in vessel-based decommissioning,” said Claxton chief executive Sam Hanton.
Decommissioning Southeast Asia’s ageing oilfields offers a vast but challenging market opportunity. More than 200 offshore fields are expected to stop producing in Southeast Asia by 2030 with total decommissioning costs estimated to range from $30 billion to as much as $100 billion.
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