New cost target for North Sea decommissioning – as original likely to be missed

The North Sea Transition Authority (NSTA) has set a new cost target for offshore decommissioning – as the original goal looks set to be missed.

Under the new target, the industry’s total bill for cleaning up the North Sea will be £37bn from next year, which is to be reduced by 10% by the end of 2028 to £33.3bn.

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