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The NSTA is committed to maximising the well value cycle on the UKCS through effective regulation, promotion and by using its influence with licensees, the supply chain and relevant bodies.

Operators must apply to the NSTA for relevant consents and approvals to carry out well related activities.

There are various potential outcomes the NSTA can pursue after conducting an Initial Assessment. A summary of the options can be found below:

Report by Petrofac and Turner and Townsend

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