Jee designs Premier Oil’s ‘robust’ decommissioning cost model

‘Live’ working document combines business logic and legislation for varying market conditions.

UK-based pipeline engineering services provider Jee has designed a ‘robust’ decommissioning cost model for Premier Oil’s North Sea Balmoral field. The model includes ‘miles of old pipeline and out-of-date assets’ and information ‘scattered across multiple companies and contractors.’ Jee’s Mik Crosby said, ‘We created a live working document that generated the cost estimate. The model has an inbuilt logic based on current legislation and includes likely decommissioning options used to develop the cost estimate. The result is a cost model that allows Premier to manipulate the estimate according to current market conditions and the duration of operations.’

Jee also reports that it has qualified with the ISO/IEC 27001:2005 guidelines for information security management. MD Trevor Jee said, ‘Our formal, documented information management system has been independently assessed, proving our commitment to our clients’ information security.’ Jee has already obtained ISO 9001 for its pipeline engineering services and is working towards ISO 14001 (environmental management) and the OHSAS 18001 (HSE management). The company was also involved in decommissioning the Don, North West Hutton, Miller and Southern North Sea fields. More from www.oilit.com/links/1107_13.

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