With 1.2 million tonnes of disused oil and gas installations from the North Sea expected to be removed for reuse and recycling, UK oil and gas firms are being forecast to spend some £16.6bn on decommissioning work over the next decade.
Industry body Oil and Gas UK (OGUK) said work in this area would be “returning to its usual pace” after a decline last year.
In 2020 only 84 wells were decommissioned on the UK continental shelf – compared to 150 in a typical year.
News article on 23 November 2021 by MICHIEL WILLEMS from cityam.com
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