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(WO) — Celebrating excellence in offshore decommissioning, the OEUK Awards announced the industry leaders on Nov. 21 during a grand gala at the annual Decommissioning Conference in St. Andrews.
Decommissioning of North Sea oil and gas installations in the next decade will cost around £20 billion, Offshore Energies UK claims.
Offshore Energies UK (OEUK), the leading representative body for the UK’s offshore energy industry, has published its latest Decommissioning Insight report. Over two thousand North Sea wells involved in oil and gas extraction are to be decommissioned at a cost of around £20bn over the next decade, says a new industry forecast.
British North Sea oil and gas producers will spend around 20 billion pounds ($24 billion) on dismantling over 2,000 unused…
Offshore Energies UK will host the Offshore Decommissioning Conference next month, supported by principal sponsor TAQA.