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This report provides comparison data which benchmarks a wide range of UKCS decommissioning activities

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

Production efficiency (PE) has risen for a fourth consecutive year, in 2016 it reached 73%, driving increased production in the United Kingdom Continental Shelf (UKCS)

The purpose of this annual report is to provide an estimate of the UKCS’s remaining recoverable petroleum resources. The Authority estimates that there remains in the range 10 to 20 billion barrels or more of oil equivalent (boe), including discovered and undiscovered petroleum resources

The NSTA is the regulator for flaring and venting under the Energy Act 1976 (as amended by the Energy Act 2016) and the Petroleum Act 1998

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: