Decommissioning Insight 2015

DECOMMISSIONING INSIGHT 2015

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

2,500

Increased Uncertainty in Forecasts

Operator Project Management/Facility Running Costs Well P&A Removals and Other Associated Activity

2,000

1,500

1,000

500

Forecast Expenditure (£ Million - 2015 Money)

0

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Source: Oil & Gas UK

Expenditure 2015 to 2024 £3.7 billion £7.7 billion £5.5 billion

Operator project management/facility running costs

Well P&A

Removal and other associated activity

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