{"id":125757,"date":"2019-07-03T05:00:33","date_gmt":"2019-07-03T05:00:33","guid":{"rendered":"https:\/\/www.bnreport.com\/the-cost-of-taking-down-oil-rigs-is-dropping\/"},"modified":"2019-07-03T05:00:33","modified_gmt":"2019-07-03T05:00:33","slug":"the-cost-of-taking-down-oil-rigs-is-dropping","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/the-cost-of-taking-down-oil-rigs-is-dropping\/","title":{"rendered":"The cost of taking down oil rigs is dropping"},"content":{"rendered":"

<\/p>\n

The price of decommissioning the UKs oil and gas infrastructure is dropping as engineers become more efficient, new figures show.<\/p>\n

The Oil and Gas authority said the cost of future decommissioning fell to \u00a351bn in 2019, from \u00a359.7bn in 2017. It came even as the OGA expects operators will take down more assets and infrastructure.<\/p>\n

Read more: <\/strong>British producers pump out more oil as small explorers fill vacuum left by majors<\/a><\/p>\n

Meanwhile, the like-for-like decommissioning cost fell 17 per cent to \u00a349bn.<\/p>\n

\u201cBetter capability and experience is providing greater certainty of actual UK decommissioning costs with several operators already achieving significant cost savings through adopting different approaches, learning and sharing with others, and challenging previous norms,\u201d said Nils Cohrs, the Oil and Gas Authoritys head of decommissioning.<\/p>\n

Read more: <\/strong>Oil a<\/a>Read More<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The price of decommissioning the UKs oil and gas infrastruct..<\/p>\n","protected":false},"author":1,"featured_media":125758,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-125757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nThe cost of taking down oil rigs is dropping - Business News Report<\/title>\n<meta name=\"description\" content=\"The price of decommissioning the UKs oil and gas infrastruct..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/the-cost-of-taking-down-oil-rigs-is-dropping\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The cost of taking down oil rigs is dropping - 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