Get all your news in one place.
100's of premium titles.
One app.
Start reading
Insider UK
Insider UK
National
Neil Pooran & Peter A Walker

Oil industry 'will spend £20 billion' on decommissioning over next decade

More than 2,000 oil and gas wells are expected to be decommissioned in the North Sea over the next decade at a cost of about £20bn.

A number of decommissioning projects have been brought forward, meaning the cost has increased from an estimated £16.6bn last year.

Offshore Energies UK (OEUK) has published its annual Decommissioning Insight report, stating that an upsurge in decommissioning activity has begun this year and is expected to continue over the next three or four years.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.