Decommissioning Insight 2019
Contents 1 Foreword 2 Key Findings
The UK Oil and Gas Industry Association Limited (trading as OGUK) 2019 OGUK uses reasonable efforts to ensure that the materials and information contained in the report are current and accurate. OGUK offers the materials and information in good faith and believes that the information is correct at the date of publication. The materials and information are supplied to you on the condition that you or any other person receiving them will make their own determination as to their suitability and appropriateness for any proposed purpose prior to their use. Neither OGUK nor any of its members assume liability for any use made thereof.
4 6 8
3 Decommissioning in 2019
3.1 3.2 3.3 3.4 3.5 3.6 4.1 4.2
2019 — A Busy Year for Decommissioning 9
UK Decommissioning in Context
12
Expenditure and Activity Overview 14
Ten-Year Expenditure Breakdown Ten-Year Regional Overview Ten-Year Regional Breakdown
17 19 22 25 26 27 30 32
4 The UK's Role in a Global Market
Developing a Strategic Framework
The UK — A Global Hub for Decommissioning Background and History Insight and Cost Trends in Decommissioning The Future — Challenges and Opportunities
5 A Decade of Decommissioning Insight
5.1 5.2
33
5.3
34 35
6 North Sea Activity
6.1 6.2
North Sea Well Decommissioning Activity 36
North Sea Topsides Decommissioning Activity
40
6.3
North Sea Substructures Decommissioning Activity Forecast UKCS Activity — A Detailed Snapshot Well Decommissioning
41 42 43 46 54 56
7 The UK in Detail
7.1
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7.2 7.3 7.4 7.5 7.6 7.7 7.8 7.9
Well Decommissioning Cost Performance 51
Topsides Removal
Substructure Removal
Topsides and Substructure Decommissioning Cost Performance
56
Subsea Infrastructure Decommissioning 60 Survey Development and Methodology 63
Maturity of Estimates
64 65
8 Glossary
3
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