THREE60 has successfully completed the transition of three additional offshore assets under its decommissioning contract with a Major North Sea Operator, exercising an option included within the original agreement and expanding the programme to six assets.
The transition successfully completed on the 1st of July, extends THREE60’s Duty Holder responsibilities across both Installation and Pipeline Operator scopes for the additional assets.
Each asset presents its own technical and operational complexities, requiring a tailored approach to planning, operations and execution. To support the expanded scope, THREE60 has scaled its integrated Aberdeen-based team, bringing together expertise across technical, commercial and supply chain.
Walter Thain, Group CEO of THREE60 Energy said:
“Being entrusted with these additional assets is a strong endorsement of the work our team has already safely delivered and the confidence our customer has in our ability to deliver complex decommissioning programmes across multiple assets safely, efficiently and responsibly.
Expanding from three to six assets demonstrates the strength of our operating model and the depth of capability within our team. As decommissioning activity continues to accelerate across the UK Continental Shelf, we’re proud to be supporting operators with the safe delivery, expertise and leadership needed to execute these programmes successfully.”
The expansion further strengthens THREE60’s differentiated position as one of the UK’s leading independent outsourced Duty Holders, increasing its operated asset portfolio to six assets across the UK Continental Shelf.
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