Insight
Global decommissioning anxiety rises
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 6 images and tables including:
- 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:
Other reports you may be interested in
27 January 2020
UK North Sea decommissioning in the 2020s
Insight
UK North Sea decommissioning in the 2020s
UK North Sea decommissioning in the 2020s
$1,35017 June 2021
Decommissioning in the UK - is the sector ready?
Insight
Decommissioning in the UK - is the sector ready?
The UK is at the forefront of decommissioning with US$21billion expected to be spent in this decade.
$1,35025 September 2017
London Upstream Forum Presentations 2017: A new era
Insight
London Upstream Forum Presentations 2017: A new era
The following presentations from the London Upstream Forum, held on 20th September 2017 are now available to download.
$1,350
