Decommissioning Insight 2018
DECOMMISSIONING INSIGHT 2018
4.3 Delivering Efficiencies
All regions in the UKCS are seeing efficiency improvements in well decommissioning and removals. This is borne out in the dataset in the following section.
Figure 8: Historical Variation in Well Decommissioning Cost Forecasts in the Central and Northern North Sea and West of Shetland
50
Average Forecast Cost Platform Wells
45
Average Forecast Cost E&A Wells
40
Average Forecast Cost Subsea Development Wells
35
30
25
20
15
10
5
Estimated Cost per Well (£ Million - 2017 Money)
0
2014 2015 2016 2017 2018
2014 2015 2016 2017 2018
2014 2015 2016 2017 2018
Platform
E&A
Subsea Development
Source: Oil & Gas UK, OGA
Well Decommissioning
2016 Survey Average 2017 Survey Average 2018 Survey Average
Platform Wells
£5.38 million £10.93 million
£4.88 million £10.11 million £6.92 million
£4.19 million £9.33 million £5.02 million
Subsea Development Wells
Exploration and Appraisal Wells £6.98 million
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