North Sea decommissioning to grow steadily

Published:  17 November, 2016

Untitled.jpgA new report forecasts a gradual but steady rise in offshore oil and gas decommissioning in the UK and Norway over the next ten years, with activity growing from a market worth over £2 billion in 2015.

Decommissioning Insight 2016, was launched on 15 November by Oil & Gas UK, a leading trade association for the UK offshore oil and gas industry, at an industry conference on decommissioning in St Andrews, sponsored by Aberdeen Harbour Board.

The report is said to be the first survey of both the UK and Norwegian decommissioning markets and provides a comprehensive picture to date of anticipated activity in these two countries between now and 2025.

It confirms that decommissioning is a growing, if still emerging, market, despite low oil prices continuing to challenge the economics of the more mature offshore assets around the North Sea.

The 2016 Decommissioning Insight report is available here.

Click here for the full unedited version of the release as provided b the company

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