Francisco Francilmar from PRIO made a compelling analogy between the EiffelTower ’s enduring legacy and the potential longevity of offshore oil and gas assets.
Just as the Eiffel Tower has surpassed its intended lifespan through robust engineering and consistent maintenance, some offshore structures have also exceeded their projected lifespans, continuing to operate safely and efficiently.
In Brazil, over 20 offshore units and fields will reach their life-of-field limits within the next decade., while our country currently lacks both a regulatory framework and the necessary infrastructure to dismantle and dispose of these assets responsibly. This imbalance extends beyond our borders when “oil and gas” waste is exported to other regions for dismantling, often in under-regulated environments. While some cases, such as the FPSO Fluminense from Shell being correctly disposed of in Denmark ‘s. M.A.R.S, set a positive precedent, much work remains to ensure sustainable practices.
Francilmar’s initiative to highlight the importance of extending the life of existing fields and offshore units is aligned with an immediate and viable solution for our industry. By doing so, we can maximize the social and economic benefits of these assets while preparing to develop the necessary regulatory framework and infrastructure to manage their eventual disposal sustainably.
We recognize Nelson Queiroz Tanure ‘s PRIO as a key player in this segment and encourage society and nvestorsto place ustainability at the forefront of their decision-making processes.
