Decommissioning Insight 2017
DECOMMISSIONING INSIGHT 2017
UK Northern North Sea and West of Shetland • Forecast activity in these regions has increased from 428 to 568 wells. The 140 additional wells all lie towards the end of the survey timeframe. This increase is primarily due to greater survey coverage rather than the acceleration of well P&A. • Large and complex decommissioning projects, which have long been in operators’ plans, are driving nearer-term activity (up to 2021). • Seventy per cent of wells (399) forecast for P&A are platform wells. • Year-on-year activity is at around 50 wells per year, until 2023 when a new wave of projects start, peaking at 153 wells in 2023.
Figure 3: Well P&A Forecast in the Northern North Sea and West of Shetland
180
Suspended Exploration and Appraisal Wells Subsea Development Wells Platform Wells
160
140
120
100
80
60 Number of Wells
40
20
0
2017 2018 2019 2020 2021 2022 2023 2024 2025
Source: Oil & Gas UK, Asset Stewardship Survey
Number of Wells
Proportion that are Platform Wells
Forecast Expenditure
568
70%
£2.6 billion
18
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