Xodus and Subcon Form Decommissioning Alliance
- Business & Finance
Xodus has entered into collaboration with stabilisation and artificial reef specialist Subcon to deliver Integrated Rigs to Reefs (IR2R) decommissioning solutions.
The IR2R solution is meant to resolve challenges owners face by augmenting and integrating the retiring assets into purpose built reefs.
This partnership combines Xodus’ decommissioning capabilities with Subcon’s track record in the design and construction of purpose-built marine habitats.
Enrico Salardi, Xodus’ director of decommissioning said: “IR2RTM is a decommissioning solution which provides many benefits to oil and gas operators, governments, local industries, communities and ultimately to the environment. The IR2RTM solution delivers material cost savings to operators whilst enabling them to turn a legacy asset into a positive legacy for the environment.
“Importantly, this industry-first offering provides a clear pathway for the transfer of ownership to state agencies.”
According to Xodus, the IR2R model employs methods of relocation, augmentation and integration to completely reinvent the retired structures as productive, purpose-built artificial reefs. Ownership and liability for the new asset is then able to be transferred to appropriate government agencies.
Subcon CEO, Matthew Allen, added: “Our collaboration with Xodus enables more operators to benefit from our innovative IR2R model. The creation of new, purpose built habitat through the integration and augmentation of retiring marine structures, means degraded habitats can be restored and new habitats established. It reduces costs for the operator, reduces waste onshore, and establishes a more vibrant and productive marine environment for future users. It is a true win-win for all stakeholders.”