DSM looks offshore…

Plans to create a north sea oil and gas decommissioning facility in Orkney revealed.

DSM Demolition has released plans for the proposed site in Lyness, on the east coast of Hoy.

The firm says it hopes to take advantage of the multi-billion pound decommissioning market expected as North Sea oil and gas fields reach the end of their production lives.

Analysis by industry experts estimates that 144 rigs will be decommissioned between 2019 and 2026, accounting for a spend of between $44 and $51 billion.

The demolition company said the project will create a jobs boost for Orkney and provide further economic benefits to local suppliers and businesses.

Representatives from DSM met with Graemsay, Hoy and Walls Community Council on Tuesday to provide an initial outline of the project, which is is still at a “very early stage”.

DSM’s Graham Crowe said: “Our vision is for the Lyness site to become the exemplar decommissioning facility for the North Sea.

“The project has potential to create a significant number of local jobs and that local companies will secure further spin-off benefits from supplying support services. The substantial, long-term opportunity provided by decommissioning offers an economic driver to provide employment and community benefits to Hoy and the rest of Orkney for many years.”

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