James Fisher, Aquaterra Launch Global Decommissioning Partnership

James Fisher and Sons and Aquaterra Energy have formed a strategic global partnership to provide integrated offshore decommissioning services, combining front-end engineering, well access, subsea operations and offshore execution under a single delivery model.

The collaboration is designed to streamline well abandonment and offshore infrastructure removal projects by reducing contractor interfaces and improving coordination from project planning through execution.

Under the partnership, James Fisher, through its energy division, will provide subsea operations and offshore execution services, while Aquaterra Energy will deliver front-end engineering and well access solutions.

The companies said the partnership will initially focus on the North Sea, Asia-Pacific and the Middle East, where growing numbers of offshore wells and installations are approaching the end of their operating lives.

According to the partners, the UK Continental Shelf alone has 153 wells that have passed their decommissioning consent deadlines, while the North Sea Transition Authority estimates around $59 billion (£44 billion) remains to be spent on decommissioning activities. In Australia, government modelling suggests offshore decommissioning liabilities could reach approximately $64 billion (£48 billion) over the next 30 to 50 years. Globally, more than 2,500 offshore structures are expected to require decommissioning by 2040.

The companies said the integrated approach is