Scotland awards £1.5m for North Sea decommissioning

Six oil and gas projects across Scotland have been awarded a share of £1.5 million to help develop decommissioning technologies. In the second round of funding from the Scottish Government’s […]

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By Jonny Bairstow

Six oil and gas projects across Scotland have been awarded a share of £1.5 million to help develop decommissioning technologies.

In the second round of funding from the Scottish Government’s Decommissioning Challenge Fund, grant offers have been made to schemes across Edinburgh, Glasgow, Kishorn, Shetland and Orkney.

The government initiative will see recipients of the money work out how to improve the infrastructure and techniques used to close down rigs, pipelines and other equipment across the North Sea.

This round of funding will assist research into well plugging and abandonment, dry dock upgrades, quayside strengthening investigation and two specialist decommissioning equipment projects in Shetland.

Scottish Minister for Business, Innovation and Energy, Paul Wheelhouse, said: “Our Decommissioning Challenge Fund is a clear signal to the market to think seriously about decommissioning – a market that is forecast to be worth up to £17 billion over the period to 2025 – and to plan and invest accordingly.”