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Oil & Gas UK Decommissioning Insight 2016 UK and Norwegian Continental Shelf
Karis Vieira
Business Adviser, Upstream Policy Team
Agenda
2
Background
Activity Forecast – UK and Norwegian Continental Shelves
Well P&A
Topside & Substructure Removal
Pipeline Decommissioning
Onshore Recycling and Disposal
Expenditure Overview
Forecast Unit Costs
Conclusions and Next Steps
Decommissioning Insight Background
3
Established 2010 in the
UK
Aggregated and
anonymised data
10-year forecasts
Improved annually
4
Agenda
5
Background
Activity Forecast – UK and Norwegian Continental Shelves
Well P&A
Topside & Substructure Removal
Pipeline Decommissioning
Onshore Recycling and Disposal
Expenditure Overview
Forecast Unit Costs
Conclusions and Next Steps
Well Plugging and Abandonment
6
1,832 wells 25% of well stock 644 wells – CNS 362 wells – NCS
Topside Removal
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109 platforms 652,000 tonnes 527 topside modules
Substructure Removal
8
316, 272 tonnes 100 substructures
Topside Removal to be contracted – SNS and Irish Sea
9
83 topside modules 67 platforms 57 (85%) to be contracted
Pipeline Decommissioning
10
close to 7,500 km 17% of total network 850 pipelines
Onshore Recycling and Final Disposal
11
close to 1.1 million tonnes 34% - CNS 33% - NNS and WoS 18% - NCS 15% - SNS and Irish Sea
Agenda
12
Background
Activity Forecast – UK and Norwegian Continental Shelves
Well P&A
Topside & Substructure Removal
Pipeline Decommissioning
Onshore Recycling and Disposal
Expenditure Overview
Forecast Unit Costs
Conclusions and Next Steps
UKCS Forecast Expenditure
13
£17.6 billion (2016-2025) 53%- CNS 47% - Well P&A £1.1 billion in 2015
Agenda
14
Background
Activity Forecast – UK and Norwegian Continental Shelves
Well P&A
Topside & Substructure Removal
Pipeline Decommissioning
Onshore Recycling and Disposal
Expenditure Overview
Forecast Unit Costs
Conclusions and Next Steps
Average Forecast Well P&A Costs
15
Agenda
16
Background
Activity Forecast – UK and Norwegian Continental Shelves
Well P&A
Topside & Substructure Removal
Pipeline Decommissioning
Onshore Recycling and Disposal
Expenditure Overview
Forecast Unit Costs
Conclusions and Next Steps
Conclusions and Next Steps
17
Providing greater market visibility enables operators and the supply chain to effectively plan for decommissioning.
Operators are not forecasting a rush to decommission.
Opportunity exists for a competitive supply chain.
Scope exists to expand and improve report
– Denmark and the Netherlands?
– Actuals
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