WIRELINE Spring 2017

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9. North Sea decommissioning to grow steadily
over the next decade
Oil & Gas UK’s Decommissioning Insight forecasts a gradual but steady
rise in offshore oil and gas decommissioning on the UK and Norwegian
Continental Shelves over the next ten years. The analysis confirms that,
despite low oil prices, there has not been a rush to decommission.
Instead the picture is more complex as different market forces
influence strategies across the North Sea.
The report marks the first survey of both the UK and Norwegian
decommissioning markets and provides the most comprehensive
picture to date of anticipated activity in these two countries
between now and 2025. Its insights will help operators to
decommission effectively and points the supply chain to
where demand for services is likely to lie.
Data on 186 projects are captured in the publication.
Decommissioning on the UK Continental Shelf from
now until 2025 represents a £17.6 billion market. Over
50 per cent of this is in the central North Sea.
Oil & Gas UK is also working on the MER UK
Decommissioning Task Force with the Oil and Gas
Authority and the Department for Business,
Energy & Industrial Strategy to develop new
fit-for-purpose technical, commercial and
operational solutions to lower the cost of
decommissioning while maintaining high
safety and environmental standards.
The report is available to download at
Oil & Gas UK | News Round-Up
W I R E L I N E | SPRING 2017 | 9
Downloadtheinfographics at