OGUK Decom Insight Report 2021

2. Key Findings Industry remains resilient through pandemic

A decade of decommissioning- the time is now

spent in 2020

forecast spend for 2021

£1.07 billion

£1.46 billion

will be spent on decommissioning an increase from £15.1 billion last year

Central and Northern North Sea dominate decommissioning expenditure

£16.6 billion

In 2020 & 2021 combined industry decommissioned:

9 %

• 1,083 platform wells • 582 subsea • 117 Exploration and appraisal wells Well decommissioning accounts for 50% of the expenditure - £8.241 billion on 1,782 wells – up 1,616 from last year OUTOF SERVICE 50 %

9% of the expenditure will be on subsea infrastructure (£1.532 billion)

jackets

topsides

wells

234

OUTOF SERVICE 21

18

OUTOF SERVICE

OUTOF SERVICE

~88,000 tonnes of subsea structures >16,500 mattresses Almost 350km of pipelines to be removed ~1.2 million tonnes* of infrastructure from UK alone *note – not including pipelines

of subsea structures

of pipelines

~4,500 tonnes

mattresses

~1,600

~50km

~1.2 million tonnes

125 topsides to be removed (~700,000 tonnes) 115 jackets to be decommissioned (~400,000 tonnes)

OUTOF SERVICE

12 % Decommissioning is 12% of industry expenditure in 2021

OUTOF SERVICE

1/3

1/3 of the infrastructure installed in the UK today

DECOMMISSIONING INSIGHT 2021

6