Decommissioning Insight 2015

5. Actual Decommissioning Expenditure and Activity in 2014 Analysis was carried out to assess actual decommissioning activity in 2014 versus forecasts. Figure 6: Forecast versus Actual Decommissioning Activity

1

2

Decommissioning Activity

2014 Forecast Activity

2014 Actual Activity

3

Platform well P&A

37

30

Subsea well P&A

19

20

4

Mattresses

11

11

Subsea infrastructure

253 tonnes

253 tonnes

5

Pipelines

27 kilometres

0.2 kilometres

Number of modules for 'making safe'

33

34

Number of modules for topside preparation

6

5

0

Tonne of topsides to be removed

10,000 tonnes

0

Tonnes of substructure to be removed

7

3,000 tonnes

0

Much of the planned decommissioning activity was undertaken last year. The forecast expenditure on decommissioning for 2014 was £1 billion compared to the actual expenditure of just over £800 million. Activities that were not carried out have been postponed to this year or until later in the decade. In some cases, this could reflect the current market and the need to defer decommissioning expenditure to improve cash flow.

8

9

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