Decommissioning Insight 2020
Figure 14: Historical Variation in Well Decommissioning Forecasts in the UKCS
Figure 15: Historical Variation in Topsides and Substructure Forecasts in the UKCS
10,000
15
Average F orecast T opsides and S ubstructure R emoval C osts in the N orthern & C entral North Sea and W est of Shetland
Average F orecast W ell D ecommissioning C osts in the N orthern & C entral North Sea and W est of Shetland
9,000
Average=£4.59 Median=£3.70
Average=£2,764 Median=£2,838
13
Average=£2,877 Median=£3,032
Average=£8.38 Median=£9.01
Average=£4.50 Median=£3.37
8,000
Average=£5.12 Median=£5.12
11
7,000
9
6,000
Average=£2,190 Median=£2,304
Average=£2,189 Median=£2,362
5,000
7
Average=£9.52 Median=£9.15
Average=£4.28m Median=£4.28m
4,000
Average=£1,757 Median=£1,977
Average=£2.95 Median=£3.36
5
Average=£8.14 Median=£8.51
Average=£1,743 Median=£2,306
3,000
EstimatedCostperTonne (£ -2019Money)
3
2,000
Average=£2.85m Median=£2.74m
EstimatedCostperWell (£Million -2019Money)
1
1,000
2018
2019
2020
2018
2019
2020
2018
2019
2020
0
-1
8102
9102
0202
8102
9102
0202
mroftalP
aesbuS
A&E
edispoT
erutcurtsbuS
Source:OGUK,OGA
Source:OGA,OGUK
Average F orecast W ell D ecommissioning C osts in the S outhern North Sea and Irish Sea
10
Average F orecast T opsides and S ubstructure R emoval C osts in the S outhern North Sea and Irish Sea
22,000
9
Average=£2.45m Median=£2.91m
Average=£2,970 Median=£3,298
8
17,000
Average=£2,020 Median=£2,568
7
Average=£2.33m Median=£1.07m
6
12,000
Average=£2.44m Median=£3.04m
5
4
Average=£6.00m Median=£6.28m
Average=£3,767 Median=£2,899
Average=£1.74m Median=£1.76m
Average=£5.47m Median=£5.50m
7,000
3
2
Average=£3.25m Median=£3.37m
EstimatedCostperTonne (£ -2019Money)
1
Average=£2.28m Median=£2.33m
2,000
Average=£5.42m Median=£4.99m
EstimatedCostperWell (£Million -2019Money)
0
8102
9102
0202
2018
2019
2020
2018
2019
2020
2018
2019
2020
mroftalP
aesbuS
A&E
-3,000
TopsideandSubstructure
Source:OGA,OGUK
Source:OGUK,OGA
DECOMMISSIONING INSIGHT 2020
21
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