Oil Buoy News

Shell UK Exploration and Production said the final cost of a four-year project to decommission its controversial Brent Spar oil buoy had risen sharply. Shell officials reported that instead of resulting in a projected net gain in energy the project had resulted in a net energy deficit. Dismantling costs had increased to 41 million pounds from an original estimate of 21.5 million stg for the rig, which is being converted into a quay at Mekjarvik, near Stavanger. The project took 330,000 man hours to complete and resulted in no injury to personnel. There was also reportedly no sea pollution resulting from the dismantling operation.

Shell U.K. Exploration and Production said the final cost of a four-year project to decommission its controversial Brent Spar oil buoy had risen sharply. At a feedback seminar marking the effective completion of Brent Spar's conversion into a quay on the Norwegian coast, Shell officials also said that instead of resulting in a projected net gain in energy the project resulted in a net energy deficit. "Throughout the dismantling process we were faced with unexpected technical, safety and environmental challenges which had to be overcome and each one cost time and money," Eric Faulds, Decommissioning Manager for Shell's exploration and production arm Shell Expro said.

Shell U.K. Exploration and Production said the final cost of a four-year project to decommission its controversial Brent Spar oil buoy had risen sharply. At a feedback seminar marking the effective completion of Brent Spar's conversion into a quay on the Norwegian coast, Shell officials also said instead of resulting in a projected net gain in energy the project had resulted in a net energy deficit. "Throughout the dismantling process we were faced with unexpected technical, safety and environmental challenges which had to be overcome and each one cost time and money," Eric Faulds, decommissioning manager for Shell's exploration and production arm Shell Expro said.

Shell U.K. Exploration and Production said the final cost of a four-year project to decommission its controversial Brent Spar oil buoy had risen sharply. At a feedback seminar marking the effective completion of Brent Spar's conversion into a quay on the Norwegian coast, Shell officials also said instead of resulting in a projected net gain in energy the project had resulted in a net energy deficit. "Throughout the dismantling process we were faced with unexpected technical, safety and environmental challenges which had to be overcome and each one cost time and money," Eric Faulds, decommissioning manager for Shell's exploration and production arm Shell Expro said.