The 2024 Decommissioning Insight being published next month by Offshore Energies UK (OEUK), will detail the scale of the challenge facing the North Sea energy industry.

Operators need to plug 200 abandoned North Sea oil and gas wells a year to stay on top of targets but multiple changes to the tax regime are causing continuing economic and fiscal uncertainty and have damaged activity levels.

OEUK will invite journalists to an embargoed briefing to share the findings & analysis of the 2024 Decommissioning Insight on Monday 18th November 11.00am-11.45am.  

The full report will be released as hundreds of decommissioning business leaders gather in St Andrews, Scotland on 18th-20th November for OEUK’s two-day 2024 Decommissioning Conference, the biggest industry event of the year.

Homegrown oil and gas producers now face yet another move of the goalposts following the Chancellor’s Autumn statement later this month.

Despite these setbacks the Insight report and the conference will showcase the expertise and capabilities of the UK decommissioning industry which continues to be the envy of the world.

The Insight report shows that stable government policy can keep the decommissioning industry in the UK and prevent multi-million pound decom contracts being won by European rivals.

A successful approach would secure the future of thousands of skilled UK jobs for decades to come.

The packed decommissioning conference agenda will hear from experts outlining the industry’s new opportunities, ideas, successes and challenges.

Sessions will include among many other topics:
Publication of the world’s first offshore wind decommissioning guidelines
Cross-basin learning from around the globe
Achieving excellence in subsea decom operations
Cost-effective ways to meet legal obligations

OEUK decommissioning manager Ricky Thomson said: “Operators must continue to sanction projects and the supply chain must remain resilient and competitive. The energy transition has decommissioning at its heart and sharing cross-sector information and expertise is crucial. I have no doubt we can make this happen.”

Offshore Energies UK (OEUK) will also invite journalists to an embargoed briefing to share the findings & analysis of the 2024 Decommissioning Insight Report on Monday 18th November 11.00am-11.45am.  

2023 has shown the UK is still on a journey to decommissioning excellence and although we are the world leaders, we still have work to do.

At the briefing our expert OEUK team will discuss:  
The multi-billion-pound value of the UK decommissioning industry
Publication of the world’s first wind turbine decommissioning guidelines as the first of the renewable energy generators reach the end of their natural life
Policy and fiscal changes needed to ensure prevent delays in decommissioning