Financial Security in Offshore Decommissioning

The decommissioning of an offshore installation is an expensive process and there are a number of requirements placed on licence holders to ensure the costs of decommissioning can be met.  However, it is unclear if these requirements have an impact on tax revenues and the industry’s ambition to maximise economic recovery, and also ensuring the UK’s net-zero goals are met.

Join PhD Student Arturo Regalado as he discusses his National Decommissioning Centre-led project which seeks to find out how different instruments used to ensure financial security impacts the oil and gas industry and government.