Headline Profits

Headline Profits

Three Things You Need for a Successful Decommissioning Project

Offshore wind farms and projects are growing tremendously. Already, there is a buzz of activity of offshore projects, and there are still more to come. Billions have been spent on building infrastructure and buying and renting equipment like the ones available on the IQIP website to extract, generate and transport the resources. 

However, with time, the assets reach the end of their useful lives. In industries like oil and gas, reinvestment of the assets is required to extend the project. In offshore wind farm projects, decommissioning may take place.

There are tons of infrastructures across the globe that need to be decommissioned. For the projects to be successful, here are three things project managers must ensure.

1. Proper Supply Chain Management

Decommissioning projects are complex. This means they require specialized technical and operational skills from operators in the relevant fields. 

Project managers must ensure that the supply chain is complete to minimize the margin of error, minimize risk, and increase collaboration and efficiency. The excellent news is service providers offering turkey decommissioning solutions are growing. 

The project can be successful or problematic depending on the kind of solutions you choose or the company you engage. The project management team must ensure the supply chain is complete and related risks are minimized. 

Suppose you cannot find a single company that offers end-to-end solutions. In that case, you can assess the market and identify partnerships to present turnkey solutions that meet your holistic needs. 

2. Effective and Efficient Talent Management

Note that the offshore infrastructure has a long lifecycle and a broad spectrum of advancements. What does that mean? Don’t always assume that you have the internal capacity to handle decommissioning. That is why talent management is necessary. Does the available team have the capacity to handle the project? 

If there are capacity gaps, is it possible to reskill and upskill them? These are some of the questions you should ask. If you don’t have a decommissioning department or unit in place, you may need to consider outsourcing the services.

There are initiatives for growing careers in decommissioning, so whichever approach you choose, there is a way out when it comes to talent management.

3. Regulatory Compliance

Regulatory readiness is one of the most critical components of decommissioning projects. Operators and the project teams need a comprehensive understanding of the regulatory requirements of decommissioning. The project fields vary, and they attract different governance demands.

Governments and relevant agencies are keen on holding operators more accountable to the regulatory demands. 

Governments are focused on the best operation practices, and operators are benchmarked based on the set policies. Failure to comply will slow down the projects but also attract liabilities. As the project manager or operator, you must design your decommissioning project to adhere to the set directives.

Conclusion

Due to the freshness of off-shore projects, decommissioning is still a new concept as most infrastructures are yet to reach the end of their life cycle. This may pose many challenges to first-time projects and operators. 

Operators should be aware of the regulator requirements for smooth decommissioning. They should also ensure the supply chain is foolproof and have the right talent for the job.