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United Kingdom oil and gas decommissioning cost estimate drops 25% in 5 years

The forecast fell £1.5 billion to £44.5 billion last year – contributing to a total cut of £15 billion since 2017, when the North Sea Transition Authority introduced a baseline estimate of £59.7 billion and set a target of reducing costs by 35% to £39 billion by end-2022. ....

United Kingdom , North Sea , Oceans General , Pauline Innes , Energy Pathfinder , Sea Transition Authority , North Sea Transition Authority , Decommissioning Cost Estimate Report , Decommissioning Data Visibility , Suspended Wells ,

Offshore Decommissioning Costs in the UK North Sea Falling

The cost estimate of decommissioning oil and gas infrastructure in the UK sector of the North Sea has been cut by 25% in the past five years, reflecting the industry’s. ....

United Kingdom , North Sea , Oceans General , Pauline Innes , Sea Transition Authority , North Sea Transition Authority , Petroleum Act ,

Regulator NSTA reveals £7m price tag for Aberdeen office move

In annual accounts, the NSTA confirmed it has signed a multi-million pound lease for office space at Aberdeen’s 1 Marischal Square. ....

United Kingdom , City Of , North Sea , Oceans General , Pauline Innes , Marischal Square , Energy Voice , Sea Transition Authority , North Sea Transition Authority , Silver Fin , Union Street , Decom Cost Estimate Report ,

Exceed, Mermaid Win Multi-well, Multi-operator UKCS P&A Work

Well management firm Exceed has, in partnership with Mermaid Subsea Services UK, secured a vessel-based well plugging and… ....

United Kingdom , North Sea , Oceans General , Scott Cormack , Pauline Innes , John Anderson , Mermaid Subsea Services United Kingdom , Sea Transition Authority , Operations Director , North Sea Transition Authority , Commercial Director , Decommissioning Pauline Innes ,

Regulator launches new tool to drive offshore infrastructure repurposing

A new screening tool designed to maximise the repurposing of offshore oil and gas infrastructure has been established. ....

Liverpool Bay , United Kingdom General , United Kingdom , North Sea , Oceans General , Pauline Innes , Gas Authority , Sea Transition Authority , North Sea Transition Authority , North Sea Transition Deal ,