Models for the Multi-Criteria Selection of Options for Decommissioning Projects for Offshore Oil and Gas Structures

Most companies are postponing their decommissioning activities due to cash flow restrictions, others are taking advantage of low oil prices to speed up decommissioning activities as some of the related oilfield service costs are also reduced.However, decommissioning is an emerging and growing market. Global decommissioning projects are expected to increase from about $2.4 billion per year in 2015 to $13 billion per year by 2040, with approximately 2,000 offshore structures to be decommissioned between 2021 and 2040. Companies are looking for ways to streamline the decommissioning process to reduce overall costs