Over the 40-plus year lifespan of an offshore asset, many thousands of boxes of physical records, and millions of electronic files are created and then stored at substantial on-going cost. Once an asset is removed for dismantling, many of these records are no longer required - but deciding what must be retained, and what can lawfully be destroyed is not a simple task. These tools - freely available for download from http://cdal.com/index.php/data-regulations/ - support companies as they consider how to manage the information legacy of offshore operations in a cost effective and compliant manner, and how to ensure vital information required for decommissioning is stewarded effectively, avoiding substantial regret costs down the line.
Note: This is a proprietary tool and may not be available for free from the provider. Clicking the link below will open a
new page and take you to the vendor’s site where you can learn more about their tool.