UK North Sea Oil and Gas Sector to Cut Decommissioning Costs by Additional £3.7 Billion
The North Sea Transition Authority on Nov. 22 announced a new cost efficiency target for redundant oil and gas infrastructure. The authority is reducing the total projection for decommissioning redundant platforms, wells, and pipelines by an extra 10 percent, from £37 billion to £33.3 billion, between 2023 and the end of 2028. The 10 percent…...