Nils Cohrs, Head of Decommissioning at industry regulator The Oil & Gas Authority (OGA) will discuss the findings of the 2019 UKCS Decommissioning Cost Estimate Report at the OGUK London Business Breakfast, taking place on July 2 at White & Case LLP, Old Broad Street.
The annual report, first published in 2017 tracks the progress towards a collective goal by industry, government and regulators to achieve a reduction of overall decommissioning costs by 35%.
Commenting, Nils Cohrs said:
“The UKCS is getting better at decommissioning all the time and I’m looking forward to sharing key insights and perspectives from our latest analysis which will support industry on our journey to reduce costs and secure future opportunities in the global decommissioning market.”
Delegates will also hear from Paul Davies, Chair of the Carbon Capture Usage and Storage (CCUS) Advisory Group, an industry body formed to develop the commercial structure to underpin the rollout of CCUS in the UK, something the Committee on Climate Change has said is critical to achieving a net zero economy.
Finally Joe Leask, Decommissioning Manager at OGUK will consider the need to re-use assets for Carbon Capture Usage and Storage (CCUS) and other ways to deliver value to the UK economy from decommissioning. The event will conclude with a panel session chaired by Mike Tholen, Upstream Policy Director at OGUK.