Following the publication of the Oil and Gas Authority’s Decommissioning Cost Estimate report, Oil & Gas UK’s upstream policy director, Mike Tholen, said:
“We welcome the positive news that there’s been a 7 percent drop in overall decommissioning costs, reflecting the industry’s increasing ability to decommission offshore assets in a safe, environmentally responsible and more cost-effective manner. Improvements in efficiency are accelerating as companies share learnings and drive continuous improvement sector-wide.“