There is a discernible gap between the rhetoric and the reality’: Fairfield Decom MD on decision to cease trading

There is a discernible gap between the rhetoric and the reality’: Fairfield Decom MD on decision to cease trading

Following the news that Fairfield Decom will cease trading, Graeme Fergusson, managing director, shares his thoughts on the sector and the immediate risks that it faces.

We established Fairfield Decom in 2019 with Heerema Marine Contractors and AF Offshore Decom, bringing together an unrivalled track record and expertise to create a unique solution for ultra-late life and decommissioning operations in the North Sea.

This week, we made the very difficult decision to cease trading. This was especially tough given the talented team that has worked tirelessly to bring this unique solution to the market, bolstered by significant support and encouragement from our shareholders, the supply chain, regulators, financiers and industry bodies.