Ensuring well abandonment integrity in the North Sea & beyond
Ensuring well abandonment integrity in the North Sea & beyond
By Matthew Norgate, Chief Operating Officer, Acoustic Data
In November 2019, Oil & Gas UK (OGUK) predicted that UK oil and gas decommissioning would cost £15 billion over the next decade in the UK alone, and as much as £84 billion globally. Of those costs, well plugging and abandonment (P&A) accounts for circa 45% — approximately £38 billion for the next decade.
In February 2019,...