{"id":4740,"date":"2023-08-14T21:19:00","date_gmt":"2023-08-14T13:19:00","guid":{"rendered":"https:\/\/aseanoffshore-decom.org\/?p=4740"},"modified":"2023-10-08T09:23:22","modified_gmt":"2023-10-08T01:23:22","slug":"uk-offshore-oil-sector-spent-2b-on-decom-in-2022","status":"publish","type":"post","link":"https:\/\/research.utm.my\/asean-decommission\/2023\/08\/14\/uk-offshore-oil-sector-spent-2b-on-decom-in-2022\/","title":{"rendered":"UK Offshore Oil Sector Spent $2B+ on Decom in 2022"},"content":{"rendered":"\n<p>The UK\u2019s offshore oil and gas industry spent GBP 1.6 billion ($2.03 billion) on decommissioning in 2022.<\/p>\n\n\n\n<p>That\u2019s according to a new report on UKCS decommissioning from the North Sea Transition Authority (NSTA) released this week, which highlighted that this is the sector\u2019s highest annual total to date.<\/p>\n\n\n\n<p>The report noted that there is \u201csignificant opportunity\u201d ahead for the sector, \u201cwith GBP 21 billion ($26 billion) of spending on decommissioning forecast for the next decade alone\u201d. It added, however, that the industry must maintain its focus on performance, collaborate effectively, and urgently commit to decommissioning plans to achieve further cost-efficiencies in the face of challenging market conditions.<\/p>\n\n\n\n<p><strong>News article on 10 August 2023 by Andreas Exarheas<\/strong> from <em>rigzone.com<\/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>rigzone.com<\/em> >> <a href=\"https:\/\/www.rigzone.com\/news\/uk_offshore_oil_sector_spent_2b_on_decom_in_2022-10-aug-2023-173617-article\/\" target=\"_blank\" rel=\"noreferrer noopener\">UK Offshore Oil Sector Spent $2B+ on Decom in 2022<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK\u2019s offshore oil and gas industry spent GBP 1.6 billion ($2.03 billion) on decommissioning in 2022. That\u2019s according to a new report on UKCS decommissioning from the North Sea Transition Authority (NSTA) released this week, which highlighted that this is the sector\u2019s highest annual total to date. The report noted that there is \u201csignificant [&hellip;]<\/p>\n","protected":false},"author":13006,"featured_media":4741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[12,22],"tags":[],"class_list":["post-4740","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\/4740","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=4740"}],"version-history":[{"count":1,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/posts\/4740\/revisions"}],"predecessor-version":[{"id":4742,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/posts\/4740\/revisions\/4742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/media\/4741"}],"wp:attachment":[{"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/media?parent=4740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/categories?post=4740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/tags?post=4740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}