North Sea operators 'running out of time' to plug old oil wells
Published: 7/10/2025

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.