UK North Sea decommissioning in the 2020s

With over £17 billion to be spent on decommissioning in the next decade, the UK is at the forefront of the industry. Most activity will be in the Northern and Central North Sea but, perhaps surprisingly, it is not the majors who will pick up the bulk of the cost. Large projects, such as Ninian and the Cormorant fields are due to cease production in the next few years and are in hands of international non-Major companies. We also look at the potential of transferable tax history and the controversial issue of leaving the UK’s large concrete platforms in place.