Oil & Gas UK have revealed that North Sea costs for decommissioning are expected to rise above £35 billion in the next 25 years.
Following concern from the industry that new exploration projects are required to stop the decline in the UKCS' resources retrieved, this infographic by fellow Acteon company, Claxton Engineering, shows just how costs of old well abandonments are halting this progress.
The infographic also looks at the decommissioning relief deed to off-set these rises, as well as the region's future trends.
Well abandonment costs infographic
Mirage can help
Applied throughout the oil & gas industry, Mirage portable machine tools are frequently utilised in some of the harshest possible conditions on decommissioning projects.
In an industry where asset down time is critical, Mirage have developed a unique machine range enabling shorter cycle and setup times across a range of applications, for standard and bespoke project work. Take a look at our Oil & Gas Case Studies Pack to find out what we've achieved clients around the world.