With the energy transition in full swing, all oil producing majors, as well as many States, face mounting pressure from regulators and investors worldwide to develop clean energy and divest from fossil fuels. Many are acting accordingly.
At the same time, many fields are coming to the end of their economic life. The global decommissioning market is ramping up.
Operators and investors in oil and gas assets can find themselves unexpectedly at risk, as end of field life becomes a reality. Practical experience has demonstrated that certain reoccurring categories of risks exist once the end of field life becomes a reality.