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The total cost of decommissioning UK offshore oil and gas production, transportation and processing infrastructure has reduced by 19%, on a like-for-like basis, to £48bn compared with the 2017 base-line estimate of £59.7bn

The Authority estimate of remaining UK Continental Shelf (UKCS) recoverable petroleum resources is in the range 10 to 20 billion barrels or more of oil equivalent (boe), including discovered and undiscovered petroleum resources.

Decommissioning cost estimates continue to fall and have reduced by a further 4% in 2021

This Emissions Monitoring Report, which will be updated annually, is part of the Authority'ss efforts to monitor, benchmark and hold the industry to account on its progress towards net zero.

The cost of oil and gas decommissioning for the UK Continental Shelf (UKCS) has reduced from the 2017 baseline of £59.7bn*. The OGA estimates the total costs of remaining oil and gas decommissioning, including newly sanctioned

The cost of oil and gas decommissioning for the UK Continental Shelf (UKCS) has reduced from the 2017 baseline of £59.7bn

The role of the Authority with regard to Supply Chain, Exports and Skills (SCES) is to encourage, influence and promote the UK oil and gas industry to achieve MER UK and to generate additional value for the supply chain