UK Offshore Oil Sector Spent $2B+ on Decom in 2022
Rigzone looks at a new report on UKCS decommissioning released by the NSTA this week.
Source: rigzone.com
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Inflation drives up UK North Sea oil and gas decom bill to £40bn
The cost of decommissioning UK North Sea oil ands gas installations has ballooned to £40 billion, the industry regulator says.
Source: pressandjournal.co.uk
North Sea has "pivotal" decade ahead for decommissioning
Decommissioning could provide the North Sea oil and gas sector with a massive GBP21 billion opportunity over the course of the next pivotal decade, a new report in the UK has revealed. Over the...
Source: marketscreener.com
NSTA: North sea O&G industry spent $1.76 billion on decommissioning in 2022, surpassing five-year record
The North Sea oil and gas industry spent £1.6 billion ($1.76 billion) decommissioning redundant wells and infrastructure last year, more than in any of the previous five years, new figures show.
Source: worldoil.com
UK: New oil and gas target reinforces UK's place as global leader in decommissioning and boosts decarbonisation projects
A new cost efficiency target for redundant oil and gas infrastructure set by the North Sea Transition Authority (NSTA) will not only benefit the Treasury but will also free up money to be invested in energy security and the transition to net zero.
Source: energy-pedia.com