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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