A £30billion-plus bill for decommissioning North Sea infrastructure over the next 30 years is both a challenge and an opportunity for the oil and gas supply chain.
That was the message delivered by Energy Minister Fergus Ewing at an industry gathering in St Andrews yesterday.
He told delegates at the Decom North Sea (DNS) and Oil and Gas UK Offshore Decommissioning Conference a major business opportunity was emerging and it was critical Scotland took advantage.
Mr Ewing said: “The decommissioning of North Sea oil and gas facilities is projected to cost over £30billion over the next three decades. This clearly represents a growing business opportunity as well as a challenge for the Scottish supply chain.
“With up to 24billion recoverable barrels with a potential wholesale value of £1.5trillion, more than half of the resources in the North Sea, still to be extracted (in financial terms), it is clear the industry will make an important contribution to the Scottish economy for decades to come.”
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