Is the Decommissioning Era Finally Approaching the Reverse Oil Cycle?

LOC specialists in decommissioning, Alan Clifton, President of LOC Houston and Brian Jones, LOC London Technical Director, feature in Energy Voice discussing their opinion on the future outlook of the decommissioning market.

The article says: “Against the backdrop of current circumstances in the oil market, it is increasingly hard to predict what the future holds for the decommissioning industry. The oil price will have a significant effect on depleted and marginal fields and may push already conservative profit-making operations into the red. This, combined with COVID-19, has created more of an impasse for the market than arguably seen before”.

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