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The total cost of decommissioning UK offshore oil and gas production, transportation and processing infrastructure has reduced by 19%, on a like-for-like basis, to £48bn compared with the 2017 base-line estimate of £59.7bn

Decommissioning cost estimates continue to fall and have reduced by a further 4% in 2021

Companies who want to participate in the exploitation of the UK’s oil and gas resources need (among other things) a Production Licence granted by the NSTA.

Production efficiency (PE) has risen for a fourth consecutive year, in 2016 it reached 73%, driving increased production in the United Kingdom Continental Shelf (UKCS)

The total cost of decommissioning remaining UK offshore oil and gas production, transportation and processing infrastructure has reduced by 17%, on a like-for-like basis, to £49bn compared with a 2017 base-line estimate of £59.7bn