The UK North Sea regulator has challenged the country’s oil and gas industry to go further in cutting the expected total bill for decommissioning the country’s offshore platforms and facilities.
The North Sea Transition Authority (NSTA) first set targets in 2017 for industry to reduce the estimated cost of dismantling the region’s platforms, pipelines and floating facilities, and plugging wells, which is required by law once they fall out of use.
The projected total bill at that time to remove all was estimated at almost £59.7
