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Sun June 20 2021

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Costain targets decommissioning

8 Jun 16 Costain has put together a decommissioning team to take advantage of energy projects being wound up in the wake of the fall in oil prices.

Eamonn McGennis
Eamonn McGennis

Operators within the oil industry are now taking advantage of the slowdown to retire elderly facilities. In response, Aberdeen-based Costain Upstream is strengthening its oil and gas decommissioning capability under newly-appointed decommissioning lead, Eamonn McGennis.

“The age of North Sea oilfields and recent oil price drop has precipitated a lot more decommissioning activity within the oil and gas sector,” said Mr McGennis.

Costain’s decommissioning team brings in the contractor’s expertise from other sectors of civil engineering, such as highways, rail and nuclear and draws on experience in client collaboration.

“In civils and utilities, margins are incredibly tight. We’ll be bringing this discipline to the upstream sector,” he said. “We’ll be using lessons learned in sectors like highways authorities and Network Rail. Those organisations have had to embrace collaboration because of increasingly tight financial constraints.”

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