Insight
Global decommissioning anxiety rises
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The wave of global offshore decommissioning expenditure (decommex) is rising. Hundreds of offshore facilities have already ceased production but are yet to be decommissioned. By 2030, total decommex will exceed US$15 billion a year (based on our Lens data). Between 2021 and 2050 we estimate US$400 billion will need to be spent. And an accelerated energy transition could turn the wave into a tsunami.
Table of contents
- Executive summary
- Decommex: the wave is rising
- Decommex: liabilities and the risk of default
- Decommex: a fair solution to the funding problem
- Decommex: the way forward
- Appendix: estimate of US onshore decommex
Tables and charts
This report includes the following images and tables:
- Global offshore decommex, 2010-2050
- Global offshore decommex 2021-2050: drivers for delay and acceleration
- US state bond requirements (for a single well at 4,000 ft)
- Fiscal treatment of decommissioning funds in modern systems
- Decommex funds vs end of life payments
- Estimated decommex for land restoration of all US oil and gas wells
What's included
This report contains:
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