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Figure 8: Historical Variation in Well Plugging and Abandonment Cost Forecasts
in the Central and Northern North Sea/West of Shetland
0
5
10
15
20
25
30
35
40
45
50
2011 2012 2013 2014 2015
2011 2012 2013 2014 2015
2011 2012 2013 2014 2015
Platform
Subsea E&A
Subsea Development
Estimated Cost per Well (£ Million - 2015 Money)
Average Forecast Cost Platform Well
Average Forecast Cost Suspended Subsea E&A Well
Average Forecast Cost Subsea Development Well
Range in Cost Forecasts
Source: Oil & Gas UK
*
*
* Data cannot be split out for subsea E&A and development wells for 2011
Well P&A
2014 Average
2015 Average
Platform wells
£4.8million
£4.1million
Subsea E&A wells
£17.4million
£7.8million
Subsea development wells
£11.6million
£9.9million
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4
5
6
7
8
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