Decommissioning Insight 2019

DECOMMISSIONING INSIGHT 2019

2 Key Findings INSIGHT

UK ACTIVITY 12 topsides to be decommissioned per year in the UKCS up to 2025 1,630 wells are expected to be decommissioned over the next decade, a 10% increase from last year Steady workload of This is the tenth annual Decommissioning Insight report Over time the insight reports have established OGUK as the go-to place for decommissioning insights, leading the way in how we understand activity and expenditure in the UKCS Decommissioning now represents just under 10 per cent of the overall expenditure in the UK oil and gas industry

Forecast Expenditure on decommissioning in the UKCS is remains constant at £15.2 billion over the next decade

Pace of expenditure remains steady at around £1.5 billion

per year

Asset stewardship process is aiding accuracy of estimates as the industry matures

While expenditure remains consistent,

activity has increased . Demonstrating that the UK market is becoming more efficient

£1.3 billion is forecast to be spent on subsea decommissioning up to 2028 Over 6,000km of pipelines are to be decommissioned in UKCS over the next ten years

Well Decommissioning makes up 45% of the forecast expenditure

£6.8 billion is forecast

where

to be spent over the next decade

£2.7 billion is expected to be spent on topsides and substructure removal activity a 35% increase compared to last year

~150 wells per year forecast to be decommissioned in the UKCS

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