Region: Gulf of Mexico
According to analysts, aging platforms have been decommissioned at the rate of 130 per year for the past 10 years, with asset removals outnumbering the new installations being commissioned. This trend is likely to continue in the US given that more than 40% of the approximately 3,700 active platforms on the outer continental shelf are more than 25 years old.
Existing work class remotely operated vehicles (ROVs) are struggling to keep up with the raging tidal currents found at offshore wind and renewable project development areas. Oceaneering was approached to create an ROV solution that would open operational windows in these geographical areas where harsh currents can cause costly project delays.