Decommissioning - North Sea
Article from: OGEL 2 (2004), in Decommissioning
Introduction
Recent industry initiatives, as well as the ongoing derogation deliberations under OSPAR, mean that decommissioning, in the context of the maturing North Sea basin, continues to be a subject worthy of comment. The North Sea oil and gas industry is facing approximate decommissioning costs of around £9 billion (with some sources predicting a half million pound rise per annum). Although these figures have been well known for many years, dealing with the costs of decommissioning and the future use of offshore installations is very much a live issue within the oil and gas industry. ...