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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

Production efficiency (PE) has risen for a fifth consecutive year. In 2017 it reached 74%, driving increased production in the United Kingdom Continental Shelf (UKCS)

The UK’s offshore and onshore energy resources are being developed by a wide range of companies spanning different sectors. These rich and abundant resources continue to attract new companies and investors from within the UK and overseas. 

Offshore production licences can be extended beyond their original expiry date if necessary to allow producing fields to fully exploit the associated reserves.