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The continued low commodity price environment means a large proportion of UKCS fields are operating at a loss. Budget 2016 did little to improve company cash flows with so few currently in a tax paying position, but it does improve asset valuations. This may encourage new investment or at the very least, the continuation of loss-making operations over the short-term, rather than early cessation of fields.
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This report includes 2 file(s)
UKCS Decommissioning Challenges in the current price environment.xls XLS - 451.50 KB
UKCS North Sea Decommissioning - Challenges in the current price environment.pdf PDF - 775.04 KB
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This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.
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Insight | Apr 2016
UKCS Decommissioning: Challenges in the current price environment
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