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Distribution of oil and gas well decommissioning expenditure worldwide by country between 2019 and 2028

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Sources

Release date

November 2019

Region

Worldwide

Survey time period

2019 to 2028

Citation formats

Breakdown of global oil rig decommissioning spending by country 2019-2028

Published by ÌÇÐÄÆƽâ°æ Research Department, Jun 12, 2020
The United Kingdom is forecast to account for a ** percent share of the total worldwide spending on oil and gas rig decommissioning between 2019 and 2028. Some ** billion U.S. dollars (** billion pounds sterling) are set to be spent on dismantling aging and unproductive oil and gas wells during that timeframe. In the UK, proved oil reserves have decreased since the late 1990s, with production output falling accordingly. In 2018, the UK government called on the industry to further research best practices for decommissioning.
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Topics

Oil and gas decommissioning in the North SeaOil industry worldwideNatural gas industry worldwideOil rig industry worldwideWind energy in the UK
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