Decommissioning of oil and gas platforms in the UK North Sea is a “massive opportunity” for the UK supply chain to keep developing skills and experience to win lucrative contracts overseas, the UK’s oil and gas regulator says.
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.
'Massive opportunity': UK to spend $26.8 billion to decommission offshore oil and gas projects upstreamonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from upstreamonline.com Daily Mail and Mail on Sunday newspapers.
One of the biggest acquisitions in the European oil and gas sector in recent years, the UK’s tax and regulatory policies, and the consequences of those policies for North Sea operators were the highlights of the UK North Sea oil and gas industry in the past month.