{"id":4605,"date":"2022-08-05T08:55:00","date_gmt":"2022-08-05T00:55:00","guid":{"rendered":"https:\/\/aseanoffshore-decom.org\/?p=4605"},"modified":"2023-02-02T22:26:17","modified_gmt":"2023-02-02T14:26:17","slug":"uks-oil-gas-decom-cost-forecasts-drop-to-around-54-billion","status":"publish","type":"post","link":"https:\/\/research.utm.my\/asean-decommission\/2022\/08\/05\/uks-oil-gas-decom-cost-forecasts-drop-to-around-54-billion\/","title":{"rendered":"UK\u2019s oil &amp; gas decom cost forecasts drop to around $54 billion"},"content":{"rendered":"\n<p><strong>UK\u2019s regulator North Sea Transition Authority (NSTA)&nbsp;has outlined in its new report that the decommissioning cost estimate on the UK Continental Shelf (UKCS) has dropped 25 per cent to \u00a344.5 billion (about $54.2 billion). This cost reduction is equivalent to saving \u00a315 billion (around $18.3 billion).<\/strong><\/p>\n\n\n\n<p>The North Sea Transition Authority\u2019s&nbsp;<a href=\"https:\/\/www.nstauthority.co.uk\/news-publications\/publications\/2022\/ukcs-decommissioning-cost-estimate-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">Decommissioning Cost Estimate Report 2022<\/a>&nbsp;highlights the industry\u2019s ability to generate&nbsp;<em>\u201chuge savings\u201d<\/em>&nbsp;for the Exchequer and carry out projects in a&nbsp;<em>\u201cmore cost-effective manner,\u201d&nbsp;<\/em>as the cost of decommissioning oil and gas infrastructure has been cut by 25 per cent in the past five years.<\/p>\n\n\n\n<p><strong>News article on 4 August 2022 by Melisa Cavcic <\/strong>from <em>offshore-energy.biz<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p>For further reading, please visit <em>offshore-energy.biz<\/em> >> <a href=\"https:\/\/www.offshore-energy.biz\/uks-oil-gas-decom-cost-forecasts-drop-to-around-54-billion\/\" target=\"_blank\" rel=\"noreferrer noopener\">UK\u2019s oil &amp; gas decom cost forecasts drop to around $54 billion<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK\u2019s regulator North Sea Transition Authority (NSTA)&nbsp;has outlined in its new report that the decommissioning cost estimate on the UK Continental Shelf (UKCS) has dropped 25 per cent to \u00a344.5 billion (about $54.2 billion). This cost reduction is equivalent to saving \u00a315 billion (around $18.3 billion). The North Sea Transition Authority\u2019s&nbsp;Decommissioning Cost Estimate Report 2022&nbsp;highlights [&hellip;]<\/p>\n","protected":false},"author":13006,"featured_media":4609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[12,22],"tags":[],"class_list":["post-4605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-worldwide"],"_links":{"self":[{"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/posts\/4605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/users\/13006"}],"replies":[{"embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/comments?post=4605"}],"version-history":[{"count":1,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/posts\/4605\/revisions"}],"predecessor-version":[{"id":4610,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/posts\/4605\/revisions\/4610"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/media\/4609"}],"wp:attachment":[{"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/media?parent=4605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/categories?post=4605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/tags?post=4605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}