The United Kingdom has so far spent around 7.6 billion British pounds on decommissioning obsolete oil and gas wells offshore. Over the coming decades, it is expected that up to 40 billion British pounds will be spent cumulatively. The majority of decommissioning activity is set for the decade between 2023 and 2032.
Spending on oil and gas well decommissioning in the United Kingdom between 2017 and 2022, with a forecast until 2062
(in billion British pounds)
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Spending in billion British pounds
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North Sea Transition Authority. (August 8, 2023). Spending on oil and gas well decommissioning in the United Kingdom between 2017 and 2022, with a forecast until 2062 (in billion British pounds) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1469486/uk-oil-and-gas-decommissioning-spending/
North Sea Transition Authority. "Spending on oil and gas well decommissioning in the United Kingdom between 2017 and 2022, with a forecast until 2062 (in billion British pounds)." Chart. August 8, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1469486/uk-oil-and-gas-decommissioning-spending/
North Sea Transition Authority. (2023). Spending on oil and gas well decommissioning in the United Kingdom between 2017 and 2022, with a forecast until 2062 (in billion British pounds). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1469486/uk-oil-and-gas-decommissioning-spending/
North Sea Transition Authority. "Spending on Oil and Gas Well Decommissioning in The United Kingdom between 2017 and 2022, with a Forecast until 2062 (in Billion British Pounds)." Statista, Statista Inc., 8 Aug 2023, https://www.statista.com/statistics/1469486/uk-oil-and-gas-decommissioning-spending/
North Sea Transition Authority, Spending on oil and gas well decommissioning in the United Kingdom between 2017 and 2022, with a forecast until 2062 (in billion British pounds) Statista, https://www.statista.com/statistics/1469486/uk-oil-and-gas-decommissioning-spending/ (last visited July 22, 2024)
Spending on oil and gas well decommissioning in the United Kingdom between 2017 and 2022, with a forecast until 2062 (in billion British pounds) [Graph], North Sea Transition Authority, August 8, 2023. [Online]. Available: https://www.statista.com/statistics/1469486/uk-oil-and-gas-decommissioning-spending/
Oil industry in the UK 
