Decommissioning in 2022 accounted for 12% of overall oil and gas expenditure across the UK Continental Shelf, according to industry association’s Offshore Energies UK’s (OEUK) Decommissioning Insight 2023 report. It said that the percentage could reach 25% by 2032. By 2040, depending on the UK’s future fiscal regime, decommissioning investments could exceed field capital expenditure….
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