The United Kingdom is forecast to account for a 28 percent share of the total worldwide spending on oil and gas rig decommissioning between 2019 and 2028. Some 85 billion U.S. dollars (67 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.
Distribution of oil and gas well decommissioning expenditure worldwide by country between 2019 and 2028
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Oil and Gas UK. (November 25, 2019). Distribution of oil and gas well decommissioning expenditure worldwide by country between 2019 and 2028 [Graph]. In Statista. Retrieved December 24, 2024, from https://www.statista.com/statistics/595724/global-oil-rig-decommissioning-spend-share-by-country/
Oil and Gas UK. "Distribution of oil and gas well decommissioning expenditure worldwide by country between 2019 and 2028." Chart. November 25, 2019. Statista. Accessed December 24, 2024. https://www.statista.com/statistics/595724/global-oil-rig-decommissioning-spend-share-by-country/
Oil and Gas UK. (2019). Distribution of oil and gas well decommissioning expenditure worldwide by country between 2019 and 2028. Statista. Statista Inc.. Accessed: December 24, 2024. https://www.statista.com/statistics/595724/global-oil-rig-decommissioning-spend-share-by-country/
Oil and Gas UK. "Distribution of Oil and Gas Well Decommissioning Expenditure Worldwide by Country between 2019 and 2028." Statista, Statista Inc., 25 Nov 2019, https://www.statista.com/statistics/595724/global-oil-rig-decommissioning-spend-share-by-country/
Oil and Gas UK, Distribution of oil and gas well decommissioning expenditure worldwide by country between 2019 and 2028 Statista, https://www.statista.com/statistics/595724/global-oil-rig-decommissioning-spend-share-by-country/ (last visited December 24, 2024)
Distribution of oil and gas well decommissioning expenditure worldwide by country between 2019 and 2028 [Graph], Oil and Gas UK, November 25, 2019. [Online]. Available: https://www.statista.com/statistics/595724/global-oil-rig-decommissioning-spend-share-by-country/
