Decommissioning Cost Estimate Review for Various Offshore Assets

Axis was engaged to conduct a comprehensive decommissioning cost estimate review for a portfolio of offshore assets in the Southern North Sea (SNS). The study focused on well abandonment planning, cost benchmarking, and verification of contractual and market rates.

Scope of Work

• Data gathering, kick-off meeting, and verification of Basis of Estimate (BoE) assumptions.
• Cost modelling, rate validation, and assessment of well categories across all SNS facilities.

Key Deliverables

Axis delivered a full study report outlining the verified cost estimates for various SNS assets, including a detailed schedule and benchmarking analysis.

Outcome

Axis delivered a robust and independent cost estimate review, supporting strategic planning and regulatory compliance. The project provided clarity on decommissioning liabilities and ensured alignment with industry standards, all completed within the agreed timeframe and budget.

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