When approaching the decommissioning market, there are a number of strategies which could be applied— from being a single service specialist to an integrated solutions organisation able to provide the full suite of services to a license holder. Maersk Decom’s approach to decommissioning tackles the later approach by integrating four building blocks to develop and deliver full scope scalable solutions. These include upholding:
- Partnership as an asset.
- Incorporating and building on industry best practices to drive innovation.
- Utilise our in-house assets and expertise to ensure learnings are captured and disseminated.
- Strive to benefit the most stakeholders possible and reduce the industry’s legacy footprints in support of sustainable solutions.
For more details on these building blocks, please read one of our recent blogs here.
So, what does this mean in practice?
Maersk Decom approaches projects with an awareness of the market challenges and associated opportunities that can only be derived by engaged interaction with a multitude of stakeholders. This allows us to merge the statutory expectations, specialised knowledge, experience, and needs of our stakeholders to achieve successful execution by meeting performance targets in our projects.
Who then are these stakeholders?
Maersk Decom’s stakeholder profile is broad, ranging across multiple jurisdictions globally and include regulators, clients, partners, shareholders, service providers, competitors, employees and, of course, the public. As part of our strategy to map out and engage with key stakeholders, we maintain regular involvement in several industry forums and organisations.
Managing performance and regulatory compliance
One area where our clients expect the highest level of performance is regulatory compliance. Maersk Decom is fortunate in that many of our key personnel have years of operator experience and, therefore, a deep understanding of how the relationship between license holders and the regulator works, and in particular, the obligations and potential liabilities they carry. Management of regulatory compliance is a dynamic endeavour as both national and international regulations evolve to manage findings from sociological, climatic, ecological (marine and terrestrial) oceanographic and atmospheric research as well as challenges from resulting political pressures. Therefore, maintaining an awareness of the regulatory climate is vital to keeping abreast of the commitments our clients have in order to ensure the decommissioning solutions we provide are effective in managing those commitments.
The focus just described is in relation to our performance management towards our clients and the regulator. An equally important aspect of compliance management is to include the entire supply chain into this sphere. Maersk Decom procures and partners with specialist service providers with specific technical capabilities and competencies based on the particular scope of work we are tackling. Having the knowledge and the systems to promote and achieve compliance allows Maersk Decom to effectively cascade these requirements to the subcontractors utilised on any given project. This is part of our interface management to close any gaps between contracting parties.
Closing project gaps with interface management
We need to remember that any party working on behalf of the license holder, be it directly or indirectly has a responsibility to ensure the project achieves the goals and targets, including regulatory compliance. Maersk Decom’s core knowledge base and capabilities, provide a platform where we can identify the best practices and methodologies required, including the governing models for managing contractors which are necessary for successful project delivery.
Maersk Decom was recently invited to participate in the onshore and offshore segments of the Decom North Sea and HSE Supply Chain Forum. The scope of these two forums included engagement between specialised decommissioning contractors and the UK Health & Safety Executive covering aspects commonly discussed with offshore Operators and Duty Holders. The forums have proven to provide a wealth of relevant information from the UK regulator and an opportunity to openly discuss the relevance of UK regulations concerning the contracting community as well as those commitments and requirements experienced by the UKCS Operators. This continued engagement will support Maersk Decom’s ability to supply the offshore industry with viable integrated solutions, providing not only technical and operational solutions but also a focus on a streamlined approach to regulatory engagement.