15/07/2022

North Sea decom could take back seat until 2025 as operators grapple with EPL

Just as things seemed to be looking up for the sector, decommissioning could be pushed to the back of the queue once again.

Professor Alex Kemp, a petroleum economist at Aberdeen University, has made a rather gloomy prediction about the impact of the energy profits levy (EPL) on decommissioning activity.

Decom North Sea Interim CEO Sam Long however believes their are more pressing concerns than EPL for decom.

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Photo credit: Energy Voice