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DECOMMISSIONING INSIGHT

2015

page 16

Removal and other associated activity includes expenditure on ‘making safe’; topsides preparation; removal of

topsides, substructures and subsea infrastructure; pipeline decommissioning; disposal; recycling; site remediation

and monitoring. Expenditure from 2015 to 2024 associated with this activity is forecast to be lower in the short

term, increasing towards the end of the survey timeframe. The annual average forecast expenditure is £550million.

Figure 4: Total Forecast Decommissioning Expenditure by Work Breakdown Structure Category

0

500

1,000

1,500

2,000

2,500

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Forecast Expenditure (£ Million - 2015 Money)

Operator Project Management/Facility Running Costs

Well P&A

Removals and Other Associated Activity

Increased Uncertainty

in Forecasts

Source: Oil & Gas UK

Expenditure

2015 to 2024

Operator project management/facility running costs

£3.7 billion

Well P&A

£7.7 billion

Removal and other associated activity

£5.5 billion