Decommissioning: the UK's US$66 billion headache
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Executive summary
- Overview
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The size and timing of the decommissioning market
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Cost estimates for decommissioning
- Timing of decommissioning
- Is the service sector ready?
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Cost estimates for decommissioning
-
Laws and regulations
- International obligations provide clear rules on the removal of facilities
- National obligations
-
Fiscal rules
- Ring Fenced Corporation tax and Supplementary Charge
- Petroleum Revenue Tax
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Decommissioning relief deeds (DRD)
- Non-Default
- Default
- Implications for UK based oil & gas companies
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Outlook
- Is the UK Government able to sustain decommissioning tax relief?
Tables and charts
This report includes 3 images and tables including:
- Tax receipts 2009 - 2016
- UK plc total decommissioning spend vs tax relief
- Future UK abandonment tax relief (top 20 companies)
What's included
This report contains:
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