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

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

The usefulness of sustainable business models: Analysis from oil and gas industry

The management of offshore platforms at the end of their production phase is a complex issue for technological, socioeconomic, ecological and safety reasons. The decommissioning or reconversion of offshore platforms in the context of a circular economy (CE) will lead to new knowledge acquisition, changing values and changing behaviours towards sustainability consistent with the ‘new’ business objectives. Multiuse platforms at sea (MUPSs) represent an interesting solution for development of marine infrastructures, including areas in which to start and develop various creative economic activities that are in harmony with the needs of environmental protection including renewable energy, sea shellfish farming, decarbonisation plants, tourism, and recreation. Particularly, the research activity focused on a deep literature review of offshore platform decommissioning and sustainable business model (SBM) in a CE context. This allowed us to access the sustainable business model canvas (SBMC), a conceptual tool that represents a holistic view of the different managerial multiuse options and their social and environmental impacts. Besides, to test the SBMC, we adopt an empirical analysis by semi-structured questionnaires given to a sample of stakeholders in the decommissioning industry. The methodology was enriched by interviews with key informants to better investigate the business ecosystem and the feasibility of decommissioning applied to the case of an Italian offshore platform located in the Adriatic Sea. This article aims to contribute to supporting SBMs development following a holistic approach in relationship with all stakeholders and propose a multi-criteria decision-making analysis for evaluating and comparing alternative decommissioning options

The Role of Oil and Gas Offshore Platform Reconversion in Creating Artificial Reefs

In recent times, decommissioning of offshore platforms has become an even more discussed topic, for its relevant environmental, social, and economic repercussions. In particular, by carrying out economic considerations, all the divestiture possibilities applicable to an offshore platform and the relative sustainable business models (SBMs) will be analyzed in a wide framework of the circular economy and sustainable principles. In this scenario, sustainable decommissioning (SD) of offshore platforms process refers to multidimensional and interdisciplinary challenges, which requires a deep understanding of technical, legal, economic, financial, social, and environmental variables. The decommissioning of these structures is an issue that has gained a great deal of international attention and will require in the next years an open dialogue and exchange between institutions, oil and gas companies, enterprises, and the environment

An ecosystems perspective on the reconversion of offshore platforms: Towards a multi‐level governance

The decommissioning of offshore platforms has been increasingly discussed due to its economic, social, and environmental impacts. The high complexity of this multilevel context pushes for the adoption of a service ecosystem view to explore the value propositions and actors' relations involved in resource exchanges. This study follows a mixed-method approach based on semistructured interviews conducted with oil and gas stakeholders and content analysis of the secondary data collected. The results highlight the ecosystem elements and identify the main drivers for sustainable growth in the process of the reconversion of oil and gas assets. A “meta” level is theorized to investigate how the actors' purposes can be harmonized with an ecosystem's goal to encourage the diffusion of a sustainable-oriented culture in the context of offshore decommissioning. In this sense, the study provides several insights for researchers and professionals in both the local and national governance field and the oil and gas industry

Sustainable Decommissioning of Offshore Platforms: a Proposal of Life-Cycle Cost-Benefit Analysis in ItalianOil and Gas Industry

The decommissioning of offshore Oil & Gas platforms, at the end of their life cycle, has been a very controversial topic in recent years. Moreover, the decommissioning complexity increases if we consider a shift towards a linear economy to a circular one. The latter pushes to innovate business models and re-configure the value chain activities in a sustainable way. Starting from these considerations, this work aims to identify a cost-benefit model suitable for evaluating sustainable business models of offshore platforms. After a literature review of different models for analysing maintenance and decommissioning Real Options (ROs), the Life-Cycle Cost-Benefit (LCCB) analysis has been selected as the most adequate managerial tool for evaluating and comparing the Net Present Value (NPV) of platforms compared the maintenance and decommissioning costs. The LCCB tool could aid the managers in the oil and gas industry to quantify the decommissioning and maintenance costs including capital expenditure (CapEx) and risk expenditure (RiskEx). In the future steps, to test the LCCB model, an empirical analysis could be carried out on a sample of organizations interested in the sustainable decommissioning of offshore platforms

Exploring the soft shades of sustainability. Evidence from Italian companies.

Purpose – Sustainability is increasingly at the forefront of the public debate in Europe and the world. However, despite this increased interest, research seems to have partially ignored the importance of its social dimension and the issues related to social equity, people care, protection, and personal development at all stages of society and, consequently, of business. Accordingly, this paper aims at investigating the “soft” dimensions of sustainability, integrating its mainstream “technical storyline” with a “human/social storyline”. Design/methodology/approach – A taxonomy of the main key drivers of the soft dimension of sustainability is proposed and tested on a sample of Italian companies. Through interviews with their managers, actions and needs in terms of sustainability soft drivers are identified. Findings – The achieved results demonstrated that the case companies differently integrated the soft dimensions of sustainability within their companies. All the sample companies are aware of the role of social sustainability. According to the proposed taxonomy, the systemic drivers of soft sustainability are the main shared ones. Originality/value – The paper provides new insights into the essence of the organizational soft dimensions and their centrality in the overall achievement of sustainability for companies. It also offers managerial insights into how to effectively manage these dimensions and policy implications about the need for clearer consideration

Management delle biotecnologie

Lo straordinario sviluppo delle biotecnologie di questi ultimi anni, oltre a creare aspettative e speranze per un miglioramento tangibile e continuo della qualità della vita, è portatore di riflessioni intime e profonde sulla "linea di condotta" che deve contemperare in modo equilibrato la "tensione verso il nuovo", essenziale nei processi di accrescimento della conoscenza, con il potere di intervento diretto da parte dei protagonisti della ricerca scientifica sul divenire degli equilibri biologici

Management della creatività, dell'innovazione e del Technology Venturing.

Iniziative realizzate dall'Ateneo Federico II in tema di Spin-Off Managemen

Il ruolo delle Start-Up originate dalla ricerca delle Università (Spin-Off) per lo sviluppo del Mezzogiorno

Forum organizzato dalla Direzione de "Il Mattino", con la partecipazione di rappresentanti del Governo, delle imprese, dell'Università e delle Istituzioni, per fare il punto sulle potenzialità e le criticità di iniziative ad altissimo contenuto tecnologico e innovativo

Gestione della Produzione. Fondamenti, esempi, applicazioni.

Volume interamente dedicato ai temi della pianificazione e gestione dei processi produttivi