‘Worth getting out of bed for’: Regulator predicts £5bn decom spend on North Sea wells by 2027

More than 1,000 North Sea oil and gas wells will be decommissioned over the next five years, the UK regulator has said, carrying a multi-billion-pound prize.

The North Sea Transition Authority (NSTA) has estimated 150-200 wells will be fully decommissioned each year over that time frame, at an annual spend of £700m – £1bn.

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