UKCS Decommissioning Cost Estimate 2019 Report
UKCS Decommissioning Cost Estimate 2019 ReportDownload PDF | 1905KB
The estimated cost of decommissioning the UKCS’s remaining oil and gas infrastructure is continuing to reduce, according to the latest analysis by the Oil and Gas Authority (OGA).
The ‘UKCS Decommissioning Cost Estimate 2019’ report shows strong progress towards the shared objective of industry and government to reduce decommissioning costs by at least 35%.
Better capability and experience in the sector is providing greater certainty of actual UK decommissioning costs with several operators already achieving significant cost savings through adopting different approaches, learning and sharing with others, and challenging previous norms. The supply chain is also bringing new solutions to the market in terms of pricing structures, business models and technology.
The OGA’s interactive learning microsite continues to promote late life and decommissioning learnings and provides a great snapshot of some of this innovative thinking.