Decommissioning Insight 2017
DECOMMISSIONING INSIGHT 2017
Figure 15: Historical Variation in Well Plugging and Abandonment Cost Forecasts in the Central and Northern North Sea and West of Shetland
50
Average Forecast Cost Platform Wells
45
Average Forecast Cost Suspended Exploration and Appraisal Wells
40
Average Forecast Cost Subsea Development Wells
35
30
25
20
15
10
5
Estimated Cost per Well (£ Million - 2016 Money)
0
2013 2014 2015 2016 2017
2013 2014 2015 2016 2017
2013 2014 2015 2016 2017
Platform
Suspended Exploration and Appraisal
Subsea Development
Source: Oil & Gas UK, Asset Stewardship Survey
Well P&A
2016 Survey Average
2017 Survey Average
Platform wells
£5.3 million £10.7 million £6.8 million
£4.9 million £10.1 million £6.9 million
Subsea development wells
Suspended exploration and appraisal wells
Figure 16: Historical Variation in Well Plugging and Abandonment Cost Forecasts in the Southern North Sea and Irish Sea
25
Average Forecast Cost Platform Wells Average Forecast Cost Suspended Exploration and Appraisal Wells Average Forecast Cost Subsea Development Wells
20
15
10
5
Estimated Cost per Well (£ Million - 2016 Money)
0
2013 2014 2015 2016 2017
2013 2014 2015 2016 2017
2013 2014 2015 2016 2017
Platform
Suspended Exploration and Appraisal
Subsea Development
Source: Oil & Gas UK, Asset Stewardship Survey
Well P&A
2016 Survey Average
2017 Survey Average
Platform wells
£2.9 million £8 million £7.3 million
£2.8 million £7.8 million £3.4 million
Subsea development wells
Suspended exploration and appraisal wells
36
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