{"id":4743,"date":"2023-08-21T15:24:00","date_gmt":"2023-08-21T07:24:00","guid":{"rendered":"https:\/\/aseanoffshore-decom.org\/?p=4743"},"modified":"2023-10-08T09:28:37","modified_gmt":"2023-10-08T01:28:37","slug":"nsta-40bn-forecast-spend-on-uk-north-sea-decommissioning","status":"publish","type":"post","link":"https:\/\/research.utm.my\/asean-decommission\/2023\/08\/21\/nsta-40bn-forecast-spend-on-uk-north-sea-decommissioning\/","title":{"rendered":"NSTA: \u00a340Bn forecast spend on UK North Sea decommissioning"},"content":{"rendered":"\n<p>Rising costs, extended field production and new developments have increased the forecast capex for decommissioning oil and gas facilities offshore the UK to \u00a340Bn (US$51Bn).<\/p>\n\n\n\n<p>This decommissioning cost estimate is up from the \u00a337Bn (US$47Bn) forecast in November 2022, as developments are added and costs for vessels, drilling rigs and specialist equipment have risen.<\/p>\n\n\n\n<p>The North Sea Transition Authority (NSTA) forecast around \u00a317Bn would be spent on well decommissioning in its latest report, up \u00a31Bn from its previous estimate. \u00a39Bn would be spent on platform removals, \u00a34.5Bn on subsea infrastructure, \u00a33Bn on recycling, site remediation and monitoring and \u00a36Bn on what NSTA calls owners costs.<\/p>\n\n\n\n<p><strong>News article on 18 August 2023 by Martyn Wingrove<\/strong> from <em>rivieramm.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>rivieramm.com<\/em> >> <a href=\"https:\/\/www.rivieramm.com\/news-content-hub\/news-content-hub\/nsta-40bn-forecast-spend-on-uk-north-sea-decommissioning-77326\" target=\"_blank\" rel=\"noreferrer noopener\">NSTA: \u00a340Bn forecast spend on UK North Sea decommissioning<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rising costs, extended field production and new developments have increased the forecast capex for decommissioning oil and gas facilities offshore the UK to \u00a340Bn (US$51Bn). This decommissioning cost estimate is up from the \u00a337Bn (US$47Bn) forecast in November 2022, as developments are added and costs for vessels, drilling rigs and specialist equipment have risen. The [&hellip;]<\/p>\n","protected":false},"author":13006,"featured_media":4744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[12,22],"tags":[],"class_list":["post-4743","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\/4743","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=4743"}],"version-history":[{"count":3,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/posts\/4743\/revisions"}],"predecessor-version":[{"id":4747,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/posts\/4743\/revisions\/4747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/media\/4744"}],"wp:attachment":[{"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/media?parent=4743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/categories?post=4743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/tags?post=4743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}