Umbrella Company Employees contracting in the oil and gas professions are poised to find demand for their talents rising again in the North Sea as oil colossus Shell invests millions to decommission redundant North Sea platforms.
North East company Able UK is one of the first to secure a multi-million pound contract with the oil giant to dismantle the ageing Brent platform. The project will eventually lead to the building of a new quay at the site of Hartlepool’s former shipyard at Graythorp.
Demand for skilled staff to execute these projects is set to rise substantially, with around 100 new jobs and contracting assignments likely to be generated by the quay-building alone.
David Hardy, head of the oil and gas consultancy Hardy AVAAR, has assembled a North East consortium to bid for further decommissioning work. He said: “A number of platforms have had their lives extended, meaning the decommissioning contracts have been pushed to the right. But that cannot continue and there are signs that the industry is now becoming a real industry. We are confident that we can help secure much of this work for the region.”
The North Sea currently hosts around 600 offshore oil and gas platforms. An analysis last year by Oil & Gas UK estimated the value of work to decommission those platforms nearing their end of their lives at £30 billion over the next 25 years, potentially creating more than 35,000 jobs and contracting assignments.
Mr Hardy’s consortium hopes to capture 20% of this decommissioning work, creating over 7,000 jobs and contracting assignments in the process.