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He strongly believes the sector will perform much better with improved transparency on costs, as well as by integrating multiple elements of a decommissioning project into one “holistic solution” that is more efficient than doing small separate scopes.

“The major challenge with decommissioning is the cost of a project that generates zero returns. Operators are used to investing in production to get returns and therefore it’s very challenging to shift that mindset around,” said Thomsen.

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Photo Credit: Energy Voice

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