Oil and gas decommissioning costs to hit nearly £17bn with 1.2m tonnes from North Sea to be removed
With 1.2 million tonnes of disused oil and gas installations from the North Sea expected to be removed for reuse and recycling, UK oil and gas firms are being forecast to spend some £16.6bn on decommissioning work over the next decade. Industry body Oil and Gas UK (OGUK) said work in this area would be […]
Decade-long decommissioning programme will generate £16 billion of work from North Sea
More than £16 billion will be spent over the coming decade recovering 1.2 million tonnes of disused oil and gas gear from the North Sea for reuse and recycling. Oil and gas installations ranging from massive rigs to the well heads that sit on the seabed in hundreds of metres of water are to be […]