Decommissioning Insight 2017

DECOMMISSIONING INSIGHT 2017

Contents

1. 2. 3.

Foreword

5 7

Key Findings

The North Sea Decommissioning Market

10 11 12 13 14 15 16 23 26 28 29 30 30 30 32

3.1 3.2 3.3 4.1 4.2 4.3 4.4 4.5 4.6 5.1 5.2 5.3 5.4 5.5

The Regulatory Environment

A Growing Market

Planning for Decommissioning

4.

Forecast Activity Across the North Sea

Survey Development and Methodology Well Plugging and Abandonment Topside and Substructure Removal

Subsea Infrastructure

Onshore Recycling and Final Disposal

Site Remediation and Long-Term Monitoring 28

5.

UK Continental Shelf Expenditure Forecasts

Maturity of Estimates Cost Reduction Targets

Historical Comparison of Forecasts

Regional Breakdown

Expenditure by Decommissioning Component

32

5.6

Operator Project Management and Facility Running Costs Well Plugging and Abandonment Costs

34 35 38 41

5.7 5.8

Platform Removal Costs

6.

Glossary

3