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Report: Bigger market for decommissioning on the UK shelf

Offshore carriers and salvage companies can look forward to a larger billion-dollar market for the decommissioning of rigs on the UK Continental Shelf ahead of 2024, shows a new report from Oil & Gas UK. A total of 47 new projects are included in the latest survey.

Photo: Statoil

The market for decommissioning end-of-life oil and drilling rigs on the UK Continental Shelf is expected to grow even bigger ahead of 2024 compared to the forecast from last year.

A new report from Oil & Gas UK estimates that offshore companies will spend up to GBP 16.9 billion on dismantling old platforms in the period 2015 to 2024.

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