42857 - gneiss - decommissioning-infographics-2017 · 349 fields decommissioning activity is...

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POSSIBLE. PROBABLE. PROVEN. gneissenergy.com Decommissioning Insight FACTS & FIGURES, NOVEMBER 2017 The North Sea Decommissioning Market Decommissioning is a growing market in parallel with the drive to maximise economic recovery of resources The UK Continental Shelf currently has the largest North Sea decommissioning market reflecting its relative scale and life cycle stage Supply chain companies must be able to compete in a global marketplace for decommissioning contracts on quality, efficiency and cost Forecast decommissioning expenditure over the next FIVE years on the UK Continental Shelf per year £1.7 £2 billion on the Norwegian Continental Shelf per year £400 £800 million on the Dutch Continental Shelf per year £650 £800 million The fall in oil price has not caused a rush to decommission as companies look to extend or maintain field life by improving efficiencies Forecast Activity Across the North Sea are forecast to be plugged and abandoned across the North Sea up to 2025, with more than two-thirds in the UK Almost 2,500 wells 349 fields Decommissioning activity is forecast on across the UK, Norwegian, Danish and Dutch Continental Shelves to 2025 are expected to be removed in the North Sea from 2017 to 2025 Over 200 platforms of pipeline are forecast to be decommissioned across the North Sea Nearly 7,800 kilometres UK Continental Shelf in Focus Industry is striving to carry out decommissioning cost-effectively, while maintaining high safety and environmental standards 35% reduction The Oil and Gas Authority is targeting a in UKCS decommissioning costs by 2035 46% of total decommissioning spend from 2017 to 2025 will be concentrated in the central North Sea Operators forecast that total decommissioning spend on the UK Continental Shelf will be between 2017 and 2025 £17 billion unit cost The average forecast for well plugging and abandonment has fallen across all well types and regions of the UK Continental Shelf Well plugging and abandonment is the largest category of expenditure at almost 50 per cent

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POSSIBLE. PROBABLE. PROVEN. gneissenergy.com

Decommissioning InsightFACTS & FIGURES, NOVEMBER 2017

The North Sea Decommissioning Market

Forecast Activity Across the North Sea

UK Continental Shelf in Focus

Decommissioning is a

growing marketin parallel with the drive to maximise economic recovery of resources

The UK Continental Shelf currently has the largest North Sea decommissioning market reflecting its relative scale and life cycle stage

Supply chain companies must be able to compete in a global marketplace for decommissioning contracts on quality, efficiency and cost

Forecast decommissioning expenditure over the next FIVE years

on the UK Continental

Shelf per year

£1.7 – £2 billion

on the Norwegian Continental

Shelf per year

£400 – £800 million

on the DutchContinental

Shelf per year

£650 – £800 million

The fall in oil price has not caused a rush to decommission as companies look to extend or maintain field life by improving efficiencies

are forecast to be plugged and abandoned across the North Sea up to 2025, with more than

two-thirds in the UK

Almost

2,500 wells349 fields

Decommissioning activity is forecast on

across the UK, Norwegian, Danish

and Dutch Continental Shelves to 2025

Industry is striving to carry out decommissioning cost-effectively, while maintaining high safety and environmental standards

35% reduction

The Oil and Gas Authority is targeting a

in UKCS decommissioning costs by 2035

46%of total decommissioning spend from 2017 to 2025 will be concentrated in the central North Sea

Operators forecast that total decommissioning spend on the UK Continental Shelf will be

between 2017 and 2025£17 billion

unit costThe average forecast

for well plugging and abandonment has fallen across all well types and regions of the UK Continental Shelf

Well plugging and abandonment is the

largest category of expenditure at almost 50 per cent

are expected to be removed in the North Sea

from 2017 to 2025

Over

200 platformsof pipeline are forecast to be decommissioned across the North Sea

Nearly

7,800 kilometres

The North Sea Decommissioning Market

Forecast Activity Across the North Sea

UK Continental Shelf in Focus

Decommissioning is a

growing marketin parallel with the drive to maximise economic recovery of resources

The UK Continental Shelf currently has the largest North Sea decommissioning market reflecting its relative scale and life cycle stage

Supply chain companies must be able to compete in a global marketplace for decommissioning contracts on quality, efficiency and cost

Forecast decommissioning expenditure over the next FIVE years

on the UK Continental

Shelf per year

£1.7 – £2 billion

on the Norwegian Continental

Shelf per year

£400 – £800 million

on the DutchContinental

Shelf per year

£650 – £800 million

The fall in oil price has not caused a rush to decommission as companies look to extend or maintain field life by improving efficiencies

are forecast to be plugged and abandoned across the North Sea up to 2025, with more than

two-thirds in the UK

Almost

2,500 wells349 fields

Decommissioning activity is forecast on

across the UK, Norwegian, Danish

and Dutch Continental Shelves to 2025

Industry is striving to carry out decommissioning cost-effectively, while maintaining high safety and environmental standards

35% reduction

The Oil and Gas Authority is targeting a

in UKCS decommissioning costs by 2035

46%of total decommissioning spend from 2017 to 2025 will be concentrated in the central North Sea

Operators forecast that total decommissioning spend on the UK Continental Shelf will be

between 2017 and 2025£17 billion

unit costThe average forecast

for well plugging and abandonment has fallen across all well types and regions of the UK Continental Shelf

Well plugging and abandonment is the

largest category of expenditure at almost 50 per cent

are expected to be removed in the North Sea

from 2017 to 2025

Over

200 platformsof pipeline are forecast to be decommissioned across the North Sea

Nearly

7,800 kilometres

The North Sea Decommissioning Market

Forecast Activity Across the North Sea

UK Continental Shelf in Focus

Decommissioning is a

growing marketin parallel with the drive to maximise economic recovery of resources

The UK Continental Shelf currently has the largest North Sea decommissioning market reflecting its relative scale and life cycle stage

Supply chain companies must be able to compete in a global marketplace for decommissioning contracts on quality, efficiency and cost

Forecast decommissioning expenditure over the next FIVE years

on the UK Continental

Shelf per year

£1.7 – £2 billion

on the Norwegian Continental

Shelf per year

£400 – £800 million

on the DutchContinental

Shelf per year

£650 – £800 million

The fall in oil price has not caused a rush to decommission as companies look to extend or maintain field life by improving efficiencies

are forecast to be plugged and abandoned across the North Sea up to 2025, with more than

two-thirds in the UK

Almost

2,500 wells349 fields

Decommissioning activity is forecast on

across the UK, Norwegian, Danish

and Dutch Continental Shelves to 2025

Industry is striving to carry out decommissioning cost-effectively, while maintaining high safety and environmental standards

35% reduction

The Oil and Gas Authority is targeting a

in UKCS decommissioning costs by 2035

46%of total decommissioning spend from 2017 to 2025 will be concentrated in the central North Sea

Operators forecast that total decommissioning spend on the UK Continental Shelf will be

between 2017 and 2025£17 billion

unit costThe average forecast

for well plugging and abandonment has fallen across all well types and regions of the UK Continental Shelf

Well plugging and abandonment is the

largest category of expenditure at almost 50 per cent

are expected to be removed in the North Sea

from 2017 to 2025

Over

200 platformsof pipeline are forecast to be decommissioned across the North Sea

Nearly

7,800 kilometres