UK set to lead decommissioning activity offshore Western Europe

摘要

Between 2017 and 2040, S105 billion will be spent on decommissioning in Western Europe, according to Douglas-Westwood's latest market forecast. The Western Europe Decommissioning Market Forecast 2017-2040 projects that well decommissioning will account for the majority of expenditure, representing 65% of the total market. Expenditure for well decommissioning will be particularly high in more established producing nations with large numbers of subsea wells, notably Norway and the UK.