Decommissioning Insight 2018

DECOMMISSIONING INSIGHT 2018

Figure 10: Historical Variation in Removal Costs per Tonne in Central and Northern North Sea and West of Shetland

16,000

Average Forecast Topside Removal Cost per Tonne Average Forecast Substructure Removal Cost per Tonne

14,000

12,000

10,000

8,000

6,000

4,000

2,000

Estimated Cost per Tonne (£ - 2017 Money)

0

2014 2015 2016 2017 2018

2014 2015 2016 2017 2018

Topside

Substructure

Source: Oil & Gas UK, OGA

Removal Cost Per Tonne 2016 Survey

2017 Survey

2018 Survey

Topsides

£3,710 £4,436

£2,757 £4,722

£2,404 £3,953

Substructure

Figure 11: Historical Variation in Removal Costs per Tonne in Southern North Sea and Irish Sea

18,000

16,000

14,000

12,000

10,000

8,000

6,000

4,000

2,000

Estimated Cost per Tonne (£ - 2017 Money)

0

2014

2015

2016

2017

2018

Topside and Substructure

Source: Oil & Gas UK, OGA

Removal Cost Per Tonne 2016 Survey Topsides & Substructure £3,946

2017 Survey

2018 Survey

£3,601 £3,690 Note: topsides and substructure included in the same cost as the smaller assets in the SNS are usually removed in one campaign, making it difficult to portion costs effectively.

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