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Production Efficiency (PE) is a core element of the industry production optimisation and asset stewardship focus which is vital to maximising economic recovery from the UKCS

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

This report documents the purpose, scope, estimating methodology, inputs, analysis, assurance and outputs of the Authority’s 2017 United Kingdom Continental Shelf (UKCS) Decommissioning Cost Estimate

Operating costs (OPEX) in the United Kingdom Continental Shelf (UKCS) fell in 2016 in terms of both total OPEX and average unit operating cost (UOC), measured per barrel of oil equivalent (boe).

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)