The decommissioning market is making a comeback, with new fields of opportunity, and challenges, opening. TSB Offshore President Will Speck shares insights on the path ahead.
The level of activity offshore both Australia and Brazil are likely to be similar, he adds, although each has its own challenges. For instance, Australia’s geography imposes logistics challenges almost akin to the US’s West Coast, he says, because vessels often have to mobilize from the other side of the island or from Singapore. Brazil, on the other hand, is continuing to develop its decommissioning regulations, he says.
“As they streamline their processes, Brazil will be a market to watch,” Speck says.