NSTA: £40Bn forecast spend on UK North Sea decommissioning
Rising costs, extended field production and new developments have increased the forecast capex for decommissioning oil and gas facilities offshore the UK to £40Bn (US$51Bn). This decommissioning cost estimate is up from the £37Bn (US$47Bn) forecast in November 2022, as developments are added and costs for vessels, drilling rigs and specialist equipment have risen. The […]