RESL completed a 6-months global decommissioning removal and disposal actual cost benchmarking study for ExxonMobil in 2016.
Review of global portfolio and associated liability estimates, focused on comparative benchmarking of offshore fixed facilities – jackets, topsides etc. with data from >50 historical projects in North Sea, GoM, and SE Asia using RESL internal work history database containing 30 years of completed global decommissioning projects.
The study was based on RESL’s proprietary information, providing a unique collection of decommissioning platform removal and disposal actual costs. This allowed for benchmarking of ExxonMobil’s internal cost estimates towards actual historical projects. As part of the work, RESL identified key lessons learned from historical projects avoiding costly mistakes.