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DECOMMISSIONING INSIGHT REPORT
2016
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Norwegian Continental Shelf
•
The average forecast unit cost for platform and subsea well P&A in Norway is £10 million and £16.1 million,
respectively, for the projects included in the survey.
•
These cost forecasts are substantially higher than on the UKCS, particularly for platform well P&A.
•
The higher cost estimates on the Norwegian Continental Shelf could be due to a number of factors, including
different regulatory regimes, higher vessel rates, or the maturity of the estimates. Operators have not indicated
the AACE cost classification for estimates on the Norwegian Continental Shelf.
Figure 42: Variation in Well Plugging and Abandonment Cost Forecasts on the Norwegian Continental Shelf
0
5
10
15
20
25
30
Platform Well P&A
Subsea Well P&A
Estimated Cost per Well (£ Million - 2015 Money)
Average Forecast Cost
Range in Cost Forecasts
Source: Oil & Gas UK
Well P&A
2016 Survey Average
Platform wells
£10 million
Subsea wells
£16.1 million