Forecasted costs of oil decommissioning in the UK 2016-2040

This statistic shows the forecasted costs for oil platform decommissioning in the United Kingdom from 2016 to 2040. The source estimates expenditure to be highest in 2026 and 2033, with a peak of 5.08 billion U.S. dollars forecast to be spent in 2026. By 2040, the source estimates decommissioning expenditure to be decreasing again.

Total oil platform decommissioning expenditure in the United Kingdom (UK) in 2016 and 2017, with a forecast until 2040

Expenditure in billion U.S. dollars
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Sources

Release date

December 2017

Region

United Kingdom

Survey time period

2017

Supplementary notes

The source includes costs for Forties pipeline system removal, heavy transport, onshore deconstruction, platform support vessels, substructure removal and well decommissioning in their calculation.

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Statistics on "The United Kingdom Continental Shelf (UKCS)"

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