North Sea operators 'running out of time' to plug old oil wells

Published: 7/10/2025
North Sea operators 'running out of time' to plug old oil wells
North Sea operators face fines if they don't speed up the decommissioning of over 500 oil wells, warns NSTA. With £41bn estimated costs shared by the private sector and taxpayers, delays could add up to an additional £4bn. NSTA urges immediate action to prevent rig operators from seeking work elsewhere, potentially resulting in a backlog of over 1,000 wells by the end of the decade.
North Sea operators 'running out of time' to plug old oil we | Nex-Gen News Network