Platforms may be similar in characteristics and configuration, but the cost of decommissioning them can differ significantly depending on location, climate and regulations. The recent oil price slump has boosted interest in decommissioning, and Rystad Energy has therefore developed a decommissioning cost estimating tool to help E&Ps and service firms prepare for the coming decommissioning wave. In its most recent analysis, Rystad Energy estimates that the cost of removing a steel platform in the North Sea, excluding subsea infrastructure, is…

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