Search

Our second inclusion report

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

This is our first Inclusion Report.

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 North Sea Transition Steering Group is co-chaired by the NSTA and industry. They meet quarterly and agree topics to be discussed at the North Sea Transition Forum, have oversight of the Task Forces and provides assurance on the delivery of their activities.

The Supply Chain & Exports Taskforce (SC&E) brings together industry trade associations, government and regulators to highlight and strengthen the capability of the UK oil and gas service sector.

The licence requires that only an approved operator may manage or supervise the exploration and production phases of an oil or gas development. The objective of this requirement is to ensure that field operations are undertaken competently.

Describes the regulatory powers that allow the NSTA to request and publish data