UKCS Decommissioning Cost Estimate 2020

The Maximising Economic Recovery (MER) Strategy for the UK sets out a central obligation and supporting obligations, including clarifying the actions and behaviours required for decommissioning. Lower decommissioning costs will help maximise value extraction from the UKCS. For the supply chain, which holds the specialist skills, knowledge and equipment to execute the work, there is a clear and sizeable opportunity to develop an efficient, low cost and exportable industry capability.

Description

The Maximising Economic Recovery (MER) Strategy for the UK sets out a central obligation and supporting obligations, including clarifying the actions and behaviours required for decommissioning. Lower decommissioning costs will help maximise value extraction from the UKCS. For the supply chain, which holds the specialist skills, knowledge and equipment to execute the work, there is a clear and sizeable opportunity to develop an efficient, low cost and exportable industry capability.

Additional information

Date

2020

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