Decommissioning Insight 2015
DECOMMISSIONING INSIGHT 2015
Removal and other associated activity includes expenditure on ‘making safe’; topsides preparation; removal of topsides, substructures and subsea infrastructure; pipeline decommissioning; disposal; recycling; site remediation and monitoring. Expenditure from 2015 to 2024 associated with this activity is forecast to be lower in the short term, increasing towards the end of the survey timeframe. The annual average forecast expenditure is £550million. Figure 4: Total Forecast Decommissioning Expenditure by Work Breakdown Structure Category
2,500
Increased Uncertainty in Forecasts
Operator Project Management/Facility Running Costs Well P&A Removals and Other Associated Activity
2,000
1,500
1,000
500
Forecast Expenditure (£ Million - 2015 Money)
0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Source: Oil & Gas UK
Expenditure 2015 to 2024 £3.7 billion £7.7 billion £5.5 billion
Operator project management/facility running costs
Well P&A
Removal and other associated activity
page 16
Made with FlippingBook