Toward a Sustainable Decommissioning of Offshore Platforms in the Oil and Gas Industry: A PESTLE Analysis

Capobianco, Nunzia; Basile, Vincenzo; Loia, Francesca; Vona, Roberto

doi:10.3390/su13116266

Cited by 38 publications

(24 citation statements)

References 82 publications

(116 reference statements)

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“…IMTA is a production technology capable of reducing pollution while increasing productivity and profits by converting waste streams into new products, allowing for production improvement, supply system diversification, and cost reduction." Furthermore, the SCBMC provides a holistic framework by integrating ecosystem logic, i.e., the "trends and drivers" of the macro-environment with a PESTLE analysis (Capobianco et al, 2021) and stakeholder participation and interaction dynamics. On the other hand, at the lower part of the SCBMC business level are the sustainability impacts.…”

Section: Discussionmentioning

confidence: 99%

Sustainable and Circular Business Model for Oil & Gas Offshore Platform Decommissioning

Basile¹,

Vona²

2021

IJBM

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In recent years, the problem of decommissioning and recycling offshore platforms has become an increasingly complex issue for environmental, socio-economic and safety reasons. The decommissioning or sustainable conversion of offshore platforms in the broader context of the circular economy will lead to the acquisition of new technologies and increasingly change values and behaviours towards sustainability in line with new business models. It will also be a complex process as it will require new skills, transformative technologies and the ability to engage all stakeholders. The objective of this study are the Multi-Use Platforms at Sea (MUPS), which represents an interesting solution for the creation of marine areas where different economic and recreational activities can be launched and developed according to the needs of environmental protection (e.g. renewable energies, shellfish farming, decarbonization plants, tourism and recreation).The main research question was the following: "What is the sustainable and circular business model in the literature that can be best used to support the transformation and/or decommissioning of oil platforms?" In addition, "How can the above business model be applied to the case of a platform considering social and environmental impacts?" In the first phase, the research activity focused on a thorough review of the literature on offshore platform decommissioning and sustainable and circular business models. This allowed us to access the Sustainable Circular Business Model Canvas (SCBMC), a conceptual tool that presents a holistic view of the different multi-purpose management options and their social and environmental impacts. This tool could help oil and gas operators (and related industries) address platform mining issues. The methodology adopted was a qualitative analysis. To test the SCBMC, an empirical study was conducted with semi-structured questionnaires given to several stakeholders (including experts, professionals and academics) in the international decommissioning industry. In addition, broader desk research on global offshore case studies was conducted using information sources and secondary sources. In future research, it may be useful to compare the SCBMC with the latest mainstream Circular Business Model (CBM) issues to better assess and quantify the environmental and social impacts of offshore platform decommissioning and to broaden the debate on this topic, considering economic indicators.

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Section: Discussionmentioning

confidence: 99%

Sustainable and Circular Business Model for Oil & Gas Offshore Platform Decommissioning

Basile¹,

Vona²

2021

IJBM

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“…Is there a standard transdisciplinary decision-making assessment process from other industries that can be adapted/applied to decommissioning decisions for offshore structures; and if not, what is needed to develop one? Many peer-reviewed studies have evaluated the suitability of existing decision-making assessment processes for the decommissioning of offshore structures (such as, Comparative Assessments, Multi-criteria Decision Assessments, Life Cycle Assessments, amongst others, e.g., Fowler et al, 2014;Martins et al, 2020;Capobianco et al, 2021;Colaleo et al, 2022a;Lemasson et al, 2022;Vidal et al, 2022). A common finding of these studies is that the multitude of factors involved with offshore decommissioning have not, to date, been considered comprehensively.…”

Section: Transdisciplinary Decommissioning Assessment Standardsmentioning

confidence: 99%

Offshore Decommissioning Horizon Scan: Research Priorities to Support Decision-Making Activities for Oil and Gas Infrastructure

Watson¹,

McLean

Balcom³

et al. 2023

Preprint

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“…Table A1 in the Appendix indicates the main SDG dimensions and the opportunities to integrate SDGs into decommissioning programs. Recent studies have demonstrated a sustainable decommissioning approach in the energy industry (Topham et al 2017;Invernizzi et al, 2020;Zawawi et al, 2012;Capobianco et al, 2021). To integrate sustainability in decommissioning programs, social, environmental, and economic dimensions must be considered, as well as the ways in which these interconnect.…”

Section: Integrating Sustainability and Circularity In Decommissionin...mentioning

confidence: 99%

“…Moreover, by unveiling the stakeholders' perspectives, the study shows that considerable attention should be placed on them in decisions about decommissioning and reuse to ensure that, as decommissioning, reuse, planning, and implementation proceed, stakeholders' needs and concerns are properly addressed, thus improving the probability of success. In the end-of-life management of Italian offshore platforms, the adoption of a sustainable perspective and the consideration of the opportunities derived from the application of CE principles can preserve the environment and create new economic and social value (Loia et al, 2021 a,b;Capobianco et al, 2021). In the complex context of platform end-of-life activities management, a circularity approach aims to use resources more efficiently, keep resources in use for as long as possible, and minimise waste.…”

Section: Practical and Managerial Implicationsmentioning

confidence: 99%

End-of-life management of oil and gas offshore platforms: challenges and opportunities for sustainable decommissioning

Capobianco¹,

Basile²,

LOIA³

et al. 2022

Sinergie Italian Journal of Management

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Purpose of the paper:The decommissioning of offshore platforms represents a significant and controversial challenge that has gained attention over the years due to its environmental, social, and economic impact. This work aims to investigate stakeholders' perceptions regarding the future of offshore platforms and to explore dimensions of sustainability related to decommissioning.Methodology: An analysis was carried out based on two rounds of empirical inquiry, a range of primary data collected through multiple-choice questionnaires and in-depth interviews.Findings: The analysis shows that stakeholders perceive reuse as an opportunity to minimise the impacts according to an environmental, economic, and social perspective. While the multipurpose platform represents an opportunity for the future, it also presents challenges. Research limitations: The study relies only on qualitative analysis techniques and on a limited sample and geographical area.Practical implications: The analysis offers several insights into the decommissioning scenario according to a sustainable and circularity perspective and contributes to the decommissioning debate by providing information about decommissioning programs, stakeholders' impacts, and future planning considerations. Originality of the paper:The study contributes knowledge to the field and useful managerial insights, highlighting stakeholders' perception in the Italian context and exploring dimensions of sustainability and main SDGs related to the issue.

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Toward a Sustainable Decommissioning of Offshore Platforms in the Oil and Gas Industry: A PESTLE Analysis

Cited by 38 publications

References 82 publications

Sustainable and Circular Business Model for Oil & Gas Offshore Platform Decommissioning

Sustainable and Circular Business Model for Oil & Gas Offshore Platform Decommissioning

Offshore Decommissioning Horizon Scan: Research Priorities to Support Decision-Making Activities for Oil and Gas Infrastructure

End-of-life management of oil and gas offshore platforms: challenges and opportunities for sustainable decommissioning

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