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UK North Sea decommissioning: under the spotlight

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26 May 2020

UK North Sea decommissioning: under the spotlight

Report summary

The upstream sector faces unprecedented uncertainty. Oil companies acted quickly to reduce capital expenditure, but what does it mean for decommissioning? While there are parallels to the 2015 price crash, the pressure to get a clearer understanding of decommissioning if growing. In this recorded webinar, we discuss the key topics of interest: • Size of the prize/scale of the burden - has our view changed? • Cost - how do we form our decommissioning assumptions? • Decommissioning liability - what is it and why does it matter? • Taxation - what are the fiscal issues? • The 2015 experience - what can we learn from the last price crash?

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    UK North Sea decommissioning_under the spotlight.pdf

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