Almost £20bn will be spent on decommissioning in North Sea oil and gas sector over next decade, report says
This year, 14% of UK oil and gas expenditure is being spent on decommissioning - and that is due to rise to 19% by 2031.
Some of the work is being brought forward to be done in clusters, but the industry insists that does not mean an increase in the rate of decline for the North Sea sector.The industry body says decommissioning poses a challenge as well as an opportunity "This is a great problem to have and it's vital this opportunity is properly managed across the sector so that UK firms can capture the lion's share of this £20bn opportunity."Since 2017 those costs have fallen by a quarter, driven by technology.
Danmark Seneste Nyt, Danmark Overskrifter
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