TPI September 2020

Business & market news

Russian oil and gas trade fair NEFTEGAZ postponed until 2021

to position themselves as technology partners for the Russian gas and oil industry." NEFTEGAZ presents innovations, products and services in machinery and equipment for the oil and gas industry each year and in 2019, 22,800 trade visitors attended the fair. NEFTEGAZ www.neftegaz-online.com

managing director of the Operative Trade Fair Business of Messe Düsseldorf GmbH. "With the new date, we are following the recommendations of the Russian Ministry of Health to stem the spread of the corona virus. The new date creates prospects for a revival of the economy and a successful 20th NEFTEGAZ 2021, and also offers our international exhibitors sufficient planning lead time

The industry platform for the Russian oil and gas industry, NEFTEGAZ in Moscow has been postponed from the end of June 2020 until next year due to the effects of COVID-19. The organisers AO EXPOCENTR, Messe Düsseldorf GmbH and its Russian subsidiary OOO Messe Düsseldorf Moscow have agreed on the new date of 26 to 29 April 2021. "This is an unfortunate but correct decision," said Erhard Wienkamp,

Data shows millions can be saved in decommissioning costs with Veristar AIM3D

activities including topsides and jacket removal, subsea infrastructure, facilities de-energising, operator costs, onshore recycling and site remediation and monitoring to deliver direct savings on total project costs. The company has identified 54 North Sea assets with topsides of 10,000 tonnes to 40,000 tonnes that would benefit from using Veristar AIM3D to gain direct savings in decommissioning. It has also identified 35 assets of fewer than 10,000 tonnes that would benefit in late life operations through to decommissioning phases. Bureau Veritas www.group.bureauveritas.com

combines a digital twin of any marine or offshore asset with smart data, allowing operators to make the right choices faster to improve efficiency, safety, integrity, performance, return on investment and carbon footprint reduction. Providing a mirror image of an asset, the system improves work scope definition, proposal quality and execution efficiency while lowering costs. Increased visibility assists risk mitigation and safety with potential for reduced insurance premiums. Bureau Veritas estimates savings from 9 per cent to more than 30 per cent can be made from a range of decommissioning

A digital twinning and smart data asset management tool from Bureau Veritas, a specialist in testing, inspection and certification services, can save between nine and 15 per cent on total decommissioning project costs, research has shown. Data from the company, which has been shared with the UK industry regulator the Oil and Gas Authority, shows the Veristar AIM3D system could save operators in excess of £2mn on project costs for assets with topsides of 10,000 tonnes, increasing to more than £8.5mn for assets with topsides up to 40,000 tonnes. Dawn Robertson, global business development manager, said: “The importance of Veristar AIM3D in cutting maintenance costs, maintaining safety and performance and extending asset life is well established, but now we can quantify the benefits it brings to decommissioning. “With decommissioning a hard cost on a balance sheet, the need for efficiencies and cost reduction is clear, as outlined in the Oil and Gas Authority’s Decommissioning Strategy. Our results indicate Veristar AIM3D could save millions of pounds on overall project costs and enable operators to make smarter, more cost-effective choices.” Veristar AIM3D, which was developed in partnership with Dassault Systèmes,

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September 2020 TUBE PRODUCTS INTERNATIONAL