OGA crackdown as number of suspended North Sea wells to double to 1,500

  • Date: 11-May-2021
  • Source: Energy Voice
  • Sector:Oil & Gas
  • Country:Gulf
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OGA crackdown as number of suspended North Sea wells to double to 1,500

The Oil and Gas Authority (OGA) has forecast that the number of suspended wells in the UK North Sea will surge beyond 1,550 within five years.

As it stands, there are 758 inactive “suspended” wells still waiting to be fully decommissioned in the region, so the forecast means that figure will double by 2026.

Plugging and abandonment work (P&A) accounts for nearly 50% of all oil and gas decommissioning cost, with some cases of operators putting it off for decades.