Decommissioning Insight 2020
Figure 2: Forecast Expenditure Comparison, January and June 2020
Figure 3: Cumulative Decommissioning Expenditure Comparison
January Forecast
June Forecast
Difference
24
4 , 500
-13%
Actual Expenditure Forecast Expenditure at B eginning of 2020 For e cast Expenditure in June 2020
Year Start Estimate (£MM)
Current Estimate (£MM)
Difference (£MM)
Year
4 , 000
22
2020
1,470 1,306 1,179 3,955
1,080 1,197 1,164 3,441
-390 -109
3 , 500
20
500 Decommissioning Expenditure (£ MM ) 2021 2022 Total -27% 1 , 000 1 , 500 2 , 000 2 , 500 3 , 000
Reduced Spend Scenario 1 Reduced Spend Scenario 2
-15
18
-514
16
-8%
-1%
14
12
10
0
8
-500
(£Billion - 2019 Money)
6
-1 , 000
2020
2021
2022
Total
4
Source: OGA, OGUK
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Cumulative Decommissioning Expenditure
Source:OGA, OGUK
Figure 4: Forecast Activity Comparison, January and June 2020 Number of Platform Wells (quantity)
Number of Subsea Wells (quantity)
Substructure Mass to be Removed (tonnes)
Topsides Mass to be Removed (tonnes)
Length of Pipeline to be Decommissioned (km)
Pre 141
Post
% Pre 67% 25 90% 47 124% 28 90% 100
Post
% Pre
Post
% Pre
Post
%
Pre
Post 258 375 377
%
2020 2021 2022 Total
95 75
17 41 31 89
68% 25,570 22,861 89% 61,598 50,730 82% 514 87% 23,033 18,825 82% 81,465 89,695 110% 496 111% 22,415 24,435 109% 45,967 52,891 115% 375 89% 73,018 66,121 93% 189,030 193,316 102% 1,385 1,010
50% 76%
83 95
118 288
101%
319
73%
Work Deferred / Advanced
-375km *Including pipelines decommissioned in situ
-31 wells
-11 wells
-4,897 tonnes
+4,286 tonnes
DECOMMISSIONING INSIGHT 2020
11
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