First offshore decommissioning contract to be published
A new international standard contract governing the services provided during offshore decommissioning has been developed by BIMCO and will be published at the end of June 2019. The contract is to provide a balanced set of terms and conditions for both parties in the process.
As the offshore decommissioning market is set to expand rapidly in the coming years, it was felt that a standard agreement for offshore decommissioning services was needed by the industry. The contract - DISMANTLECON – was approved at the Committee’s meeting in Athens on 14 May and will be released at the end of June along with guidance note.
The use of the contract is not limited to one particular type of facility or operation but can be used for removal of any offshore field architecture in the oil and gas sector. This includes pipelines, mattresses, manifolds, jackets, topsides, platforms and monopile structures, and for structures used in the renewables sector. The contract is not intended to cover disposal of the facility or Plug & Abandonment (P&A) work.
“DISMANTLECON is a simple template contract that can be amended and adapted to meet the needs of contract partners. It is designed to be scalable and can therefore be used for small to medium sized projects as well as for larger and more complex ones,” said Grant Hunter, BIMCO’s Head of Contracts and Clauses.
The contract has been written by a group of key stakeholders including marine service providers, marine contractors, P&I and legal experts. The International Marine Contractors Association (IMCA) and the International Salvage Union (ISU) were also represented, and guidance on insurance has been provided by a leading insurance broking and risk management company. Lastly, valuable input has been provided by a representative of an oil major co-opted on to the subcommittee.
LATEST PRESS RELEASES
Chevron Marine Lubricants to put Global Sulphur Cap and cylinder oil lubrication in the spotlight at Nor-Shipping 2019
Chevron Marine Lubricants will use this edition of the Nor-Shipping international maritime trade sho... Read more
DESMI Ocean Guard wins Frame Agreement for Supply of Ballast Water Management Systems for the Existing Fleet of French Company Sea Tankers
Aalborg, DK, May 7, 2019 – DESMI Ocean Guard A/S is pleased to announce that Sea Tankers have select... Read more
Vickers Oils has opened its 1,700 square metre state-of-the-art R&D laboratory, as well refurbishing... Read more
Gloryholder has been awarded the contract to design and supply the LNG cargo handling and fuel gas s... Read more
DESMI Ocean Guard’s CompactClean Ballast Water Management System Receives US Coast Guard Type Approval
Aalborg, DK, April 17, 2019– DESMI Ocean Guard A/S is pleased to announce that its CompactClean Ball... Read more