Decommissioning Insight 2015

DECOMMISSIONING INSIGHT 2015

Contents

1. 2. 3.

Foreword

5 6 9 9 9

Key Findings Introduction

3.1 3.2

Survey Development and Methodology

Decommissioning Forecasting

4.

2015 Decommissioning Survey Results

11 11 12 14

4.1 4.2 4.3 4.4

Annual Forecast Expenditure

Regional Breakdown

Oil Price Impact

Forecast Expenditure by Decommissioning Component

15

5.

Actual Decommissioning Expenditure and Activity in 2014

19 20 21 21 29 35 45 48 51 52 54

6. 7.

Supply Chain Capability

Decommissioning Activity Forecast 2015 to 2024

7.1 7.2

Well Plugging and Abandonment Facilities and Pipeline Making Safe and Topside Preparation

7.3 7.4 7.5 7.6

Removal

Pipeline Decommissioning

Onshore Recycling and Disposal Site Remediation and Monitoring

8. 9.

Appendices

Glossary

page 3