In mature oil and gas fields around the world, decommissioning is fast becoming one of the biggest issues for owners and managers. While decommissioning can present an array of challenges it’s also a field of great opportunity, particularly for specialist contractors.
Long considered a ‘North Sea problem’ - thanks to the relative maturity and complexity of operations off Scotland, Norway and the wider area - decommissioning is nevertheless an inevitable stage in the life cycle of virtually every well and facility in the global industry. As such it’s a fact of life for most oil and gas organisations, and requires meticulous planning and project cost management if it’s to be achieved efficiently.
It was Thomas Edison who reportedly said ‘genius is one percent inspiration and 99% perspiration’. He could almost have been speaking about decommissioning in the oil and gas industries - though here, it’s more like 90% preparation, and 10% effective execution. Certainly the more project cost data and intelligence you have in advance of decommissioning the better. And while you’re compiling the information, you need to know what to do with it, and how.
This is where cost management software - like mpower from Monitor - comes in. Once the project is underway, mpower allows you to plan, schedule and control each stage of work, presenting ongoing data and costs all in one place, in real time.
If mpower isn’t yet your default for project management, it’s easy to migrate or integrate data from other platforms. That’s because mpower works seamlessly with all major relevant software suites. It enables you to take learnings from one job onto the next with clear, comprehensible outcomes. As a result, it delivers particular long-term financial benefits for any business facing multiple decommissioning tasks, including specialist contractors.
Specifically developed for the oil, gas and civil engineering industries - and precisely tailored for shutdown and decommissioning tasks - mpower allows you to clearly see from a cost perspective what’s been completed, what’s in progress and what remains to be started at any point. Information can easily be shared with the entire team, as well as other stakeholders, anywhere in the world.
mpower supports efficient consolidation and management of the entire scope of work, including cost estimates and budgets. It links financial, scheduling and work package data on one dashboard, tracking actual incurred and accrued costs. When it comes to decommissioning, that level of transparency - and straightforward sharing of information - pays real dividends.
Being cloud-based, mpower requires very little investment in time to set-up and can be quickly deployed on your project, even if work has already begun. And the power of integration with popular software suites including SAP, Oracle E-business, IBM Maximo, Primavera and Microsoft Project means you have access to all the cost data you need to deliver successful decommissioning projects now and in the future. Give our team a call and see how mpower can help your business.
The high performance, fully integrated project cost management solution