Decommissioning Insight 2018

DECOMMISSIONING INSIGHT 2018

4.3 Delivering Efficiencies

All regions in the UKCS are seeing efficiency improvements in well decommissioning and removals. This is borne out in the dataset in the following section.

Figure 8: Historical Variation in Well Decommissioning Cost Forecasts in the Central and Northern North Sea and West of Shetland

50

Average Forecast Cost Platform Wells

45

Average Forecast Cost E&A Wells

40

Average Forecast Cost Subsea Development Wells

35

30

25

20

15

10

5

Estimated Cost per Well (£ Million - 2017 Money)

0

2014 2015 2016 2017 2018

2014 2015 2016 2017 2018

2014 2015 2016 2017 2018

Platform

E&A

Subsea Development

Source: Oil & Gas UK, OGA

Well Decommissioning

2016 Survey Average 2017 Survey Average 2018 Survey Average

Platform Wells

£5.38 million £10.93 million

£4.88 million £10.11 million £6.92 million

£4.19 million £9.33 million £5.02 million

Subsea Development Wells

Exploration and Appraisal Wells £6.98 million

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