OGA Publishes UKCS Decommissioning Report

British industry regulator, Oil & Gas Authority (OGA) will soon publish an industry report detailing the cost of decommissioning on the UK Continental Shelf and the progress being made by industry, government and regulators to reduce costs by more than 30 per cent.

The annual UKCS Decommissioning Cost Estimate Report  will give a deeper insight into the landscape of the sector as well as highlight the opportunities and challenges currently facing the market.

Joe Leask, Decommissioning Manager at OGUK, said: "I look forward to hearing more about the progress industry has made in achieving the 35 per cent cost reduction target."

“The UK is a first mover in the decommissioning of complex, deep-water oil and gas assets and the industry must seize future opportunities in the global decommissioning market," he added.

“This includes the development and deployment of CCUS (carbon capture, usage and storage), building on the re-use of offshore infrastructure, industry geological expertise, and utilising the skills and knowledge of our supply chain,” Joe concluded.

Current News

Floatel Secures Longer Stay for Accommodation Rig off Australia

Floatel Secures Longer Stay fo

Industry Consortium to Asses Floating Nuclear Plants for Mediterranean Sea

Industry Consortium to Asses F

Longitude Lines Up More Work at Shell’s West Delta Deep Concession off Egypt

Longitude Lines Up More Work a

MeyGen Tidal Energy Tech Sets New Operational Record

MeyGen Tidal Energy Tech Sets

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine