North Sea decommissioning: a corporate view



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We expect 247 fields to cease and US$20 bn to be spent on decommissioning between 2018 and 2022. Companies in the North Sea are bracing themselves for an imminent wave of decom. Shell, ExxonMobil and Total (including Maersk) have the most to do. They will spend roughly US$2 billion each in this period. However, North Sea decommissioning is relatively immaterial for the Majors, accounting for only 2% of global capex. Conversely, for five companies, North Sea decommissioning spend accounts for more than 25%. 

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Why buy this report?

The impact of decommissioning on the North Sea will be significant, with US$20bn expected to be spent between 2018 and 2022. Our report analyses how four key companies will navigate the challenge over the next five years, and will help you to:
• Understand the majors are treating decommissioning spend, and if this will have a material impact
• Analyse North Sea decommissioning costs in the context of global development spend
• Make informed decisions on strategy by identifying trends across companies

This report offers an insight on the impact decommissioning will have on key North Sea oil players. It includes:

• Detailed analysis of expected decommissioning spend by area and by company for the next five years
• Project maps by area tracking decommissioning contracts awarded to date
• Strategic insights into four key companies: Shell, Perenco, Premier Oil and Decom Energy

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