Oil firms to spend £16.6bn on decommissioning over next decade

Published on 23 Nov 2021, 12:07
UK oil and gas firms are being forecast to spend some £16.6bn on decommissioning work over the next decade.

Around 1.2 million tonnes of disused oil and gas installations from the North Sea are expected to be removed for reuse and recycling.

Industry body Oil and Gas UK (OGUK) said work in this area would be “returning to its usual pace” after a decline last year.