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ODE
Asset Management plant maintenance , integrity management and integrated logistics planning .
“ However , the leading factor is most definitely people ,” Sandy reiterates . “ The capability and energy of our team , at least in my view , has been the key to our success .”
When Alpha Petroleum recently awarded ODE AM the Installation and Pipeline Operator contract for its Tors & Wenlock assets , Sandy and the team were given a perfect opportunity to demonstrate the organization ’ s aptitude for delivering value . In this instance , on assets that are shut down and being prepared for decommissioning .
Growth opportunities
The offshore decommissioning market is taking off worldwide , with an estimated expenditure of $ 10 billion per annum . “ We see it as a ripe opportunity for clients to outsource the management of asset decommissioning to companies like ourselves ,” Sandy explains .
“ We ’ re working with Alpha , which is now Waldorf Production , to address the specific
challenges of reducing abandonment expenditure ( or ABEX ) post-cessation of production on the Tors & Wenlock facilities , while the production wells are plugged and abandoned and the facilities are prepared for removal and disposal .
“ As we look more broadly to the future ,” he concludes , “ we ’ re set on continuing to develop our sales pipeline of new
opportunities , including new markets , in order to maintain and grow revenues .
“ We ’ re expanding our operational horizons in decommissioning , as I ’ ve mentioned , but also in other niches like new energies and renewables ; we ’ re forecasting that these markets will make up 30 percent of our revenues in 2028 .” ■
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Based in Great Yarmouth , RATE supplies competent and professionally trained personnel to support the oil , gas and energy industries worldwide .
They are a dedicated team of highly experienced and motivated industry professionals , with over 30 years ’ experience enabling them to offer clients suitable solutions , whilst supporting requirements .
Gapton Hall Road , Great Yarmouth , Norfolk , NR31 0NL info @ rate-resource . com | 01493 738606
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