Decommissioning Insight 2019

Industry Milestones

5. A Decade of Decommissioning Insight

1

• BEIS Guidance notes published • Decommissioning Relief Deeds and Brown Field Allowance introduced • Wood Review published, including the role of decommissioning in MER

2

• Formation of

the Oil and Gas Authority (OGA) • OGUK publishes

• National Decommissioning Centre opened at Newburgh

• OGTC Opens in Aberdeen • OGA publishes cost baseline at

3

Guidelines for Comparative Assessment

£59.7bn for UKCS decommissioning

4

5

• 10-year forecast increases to 16.7bn • Well decom estimate increases to 46%

2015

6

• Norway and Netherlands

7

included in the survey for the first time • 10-year forecast increases to £17.6bn — 53% in CNS

2016

• Survey aligned with OGA Asset Stewardship Survey • Year-on-year forecasts drop for the first time to £17.1bn • Denmark joins the survey

• Insight establishes its role in sharing lessons learned in P&A and removals • Rephasing of decommissioning plans leads to

8

2017

2018

2019

9

reduction 10-year forecast to £15.8bn

10

11

At the forefront

of forecasting...

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