Decommissioning Insight 2015

Northern North Sea and West of Shetland

1

600

140

Increased Uncertainty in Forecasts

2

120

500

100

400

3

80

300

4

60

200

Number of Wells

40

5

100

20

Forecast Expenditure (£ Million - 2015 Money)

0

0

6

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Platform Subsea Development

Subsea E&A Total Well P&A Expenditure

Source: Oil & Gas UK

7

Number of Wells 2015 to 2024

Total Expenditure 2015 to 2024

Proportion of PlatformWells

950 624 326

£6.2 billion £4 billion £2.2 billion

55% 47% 72%

Total

CNS

8

NNS/WofS

9

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