BIMCO To Publish Industry’s First Offshore Decommissioning Contract

The contract – DISMANTLECON – was approved at the Committee’s meeting in Athens on 14 May and will be released at the end of June along with guidance notes.

“DISMANTLECON is a marine services contract designed to appeal equally to the party requiring removal of the structure and the marine contractors whose services they use.

It fairly represents the interests of both parties by providing a balanced set of terms and conditions,” says Kees de Looff, Contracts Manager of Van Oord Marine Contractors, who chaired the project.

oil rig silhoutter
Representation Image – Photograph by Andrey Vakarchuk

Input from the industry

The use of the contract is not limited to one particular type of facility or operation but can be used for removal of any offshore field architecture in the oil and gas sector. This includes pipelines, mattresses, manifolds, jackets, topsides, platforms and monopile structures, and for structures used in the renewables sector. The contract is not intended to cover disposal of the facility or Plug & Abandonment (P&A) work.

“DISMANTLECON is a simple template contract that can be amended and adapted to meet the needs of contract partners. It is designed to be scalable and can therefore be used for small to medium sized projects as well as for larger and more complex ones,” says Grant Hunter, BIMCO’s Head of Contracts and Clauses.

For ease of use, the operational details are set out in twelve additional annexes.

The contract has been written by a group of key stakeholders including marine service providers, marine contractors, P&I and legal experts. The International Marine Contractors Association (IMCA) and the International Salvage Union (ISU) were also represented, and guidance on insurance has been provided by a leading insurance broking and risk management company. Lastly, valuable input has been provided by a representative of an oil major co-opted on to the subcommittee.

Reference: bimco.org

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Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

About Author

Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

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