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Insider UK
Insider UK
National
Peter A Walker

Four oil and gas operators join drive to accelerate well decommissioning tech

The Net Zero Technology Centre (NZTC) has announced Harbour Energy, ConocoPhillips, Spirit Energy and Repsol Sinopec as members of its well decommissioning collaboration initiative.

Supported by the Technology Leadership Board (TLB), North Sea Transition Authority (NSTA) and Offshore Energies UK (OEUK), the initiative aims to enable new technologies to be tested in multi-operator collaboration field trials - both offshore in the UK and onshore in some international locations - enabling faster, lower-cost trials and wider industry adoption.

The NSTA has identified that well decommissioning represents circa 46% of UK Continental Shelf decommissioning costs, or an estimated £20bn spend over the life of the basin.

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