Outlook for lift vessels ‘constrained’ as oil and gas vies with offshore wind
Outlook for lift vessels ‘constrained’ as oil and gas vies with offshore wind
Oil & Gas UK (OGUK) has warned that the decommissioning market is increasingly interacting with that of offshore wind, increasing pressure on project timeframes and onshore yard space.
OGUK’s latest Decommissioning Insight report noted a recovery in activity in the wake of the COVID-19 pandemic, with £16.6 billion now expected to be spent on decom over the next decade.
OGUK said that increased spend and activity was a sign of “business returning to its usual pace” following an uncertain 2020.
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