Decommissioning Insight 2019

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REGIONAL ACTIVITY CNS remains the region withmost expenditure , there is a reduction in the overall activity in this region. Up to 2028: While the

M&A activity is deferring some expenditure in the CNS while other regions see increased expenditure

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Industrialising the process, the SNS sees around

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42% 32% 22% 4%

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of the decommissioning expenditure will be in the central North Sea of the decommissioning expenditure will be in the northern North Sea of the decommissioning expenditure will be in the southern North Sea

platforms to be removed each year up to 2024

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of the decommissioning expenditure will be in the west of Shetland

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GLOBAL HUB

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Expenditure in the UK is expected to make up 28% of global decommissioning expenditure over next decade 43% of the global decommissioning expenditure will be in the North Sea basin As a result: opportunities exist for UK based companies, within the UK, regionally and internationally Just over 660,000 tonnes of substructures to be decommissioned in the North sea, over 340,000 in the UK

$85 billion (£67 billion) to be spent on decommissioning globally over the next decade [Wood Mackenzie] 2,624 wells are to be decommissioned across the North Sea Just over 1.2million tonnes of topsides to be removed from North Sea, almost 880,000 in the UK

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