Plant & Works Engineering
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To extend or end asset life — which is best?
Published:  13 June, 2018

For many UK companies, cutting costs and bringing sustainable practices into operations are key targets. Offshore operators are faced with the decision of extending or concluding production asset life — and pre-decommissioning planning has emerged as a key challenge for the industry. Mitigating uncertainty, enabling decision making and justification as to whether to end or extend asset life, as well as detailed knowledge of asset conditions is crucial.