Dismantling an oil and gas platform in the Gulf of Mexico is becoming even more challenging. Hardly an easy proposition to begin with, dismantling an offshore oil and gas platform in the Gulf of Mexico (GOM) is becoming even more challenging as the complexity of decommissioning and abandonment (D&A) projects intensifies. “The oil price declines that hit us in 2015-2016 caused many GOM production assets to become uneconomical,” Tom McNulty, Houston-based managing director of Great American Group, told Rigzone. “As such, low-hanging fruit – in shallow waters – was the recent focus and that aspect of D&A is less capital-intensive to do.” The D&A scene in GOM is changing, said McNulty. He explained that assets located in deeper water depths are increasingly reaching the end-of-life stage, translating into D&A projects that are much more challenging to complete. “The farther out you go, and the deeper the water, the more […]