Decommissioning Insight 2015

DECOMMISSIONING INSIGHT 2015

Figure 2: Comparison of the Annual Forecast Decommissioning Expenditure

2,500

Increased Uncertainty in Forecasts

2011

2012

2,000

2013

2014

2015

1,500

1,000

500

Forecast Expenditure (£ Million - 2015 Money)

0

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Source: Oil & Gas UK

4.2 Regional Breakdown Looking at the regional breakdown of decommissioning expenditure from 2015 to 2024, 50 per cent (£8.4 billion) is forecast to be spent in the central North Sea (CNS) and 34 per cent (£5.7 billion) in the northern North Sea (NNS) and west of Shetland (WofS). The higher proportion of expenditure in these regions reflects the number, size and degree of complexity of the projects. Sixteen per cent (£2.8 billion) is, meanwhile, forecast to be spent in the southern North Sea (SNS) and Irish Sea.

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