The Decommissioning Dilemma: The GBP 39 Billion Market Opportunity in the North Sea

A significant number of oil and gas assets are approaching maturity and will require decommissioning, with global costs projected to reach $82 billion by 2027. The North Sea represents nearly half of this and has likewise seen the most momentum in terms of technology development and industry collaboration. In this report, we evaluate the decommissioning value chain and identify promising technologies within the innovation landscape. Note: Lux analysts have reviewed this content in the last six months and deemed it still current and relevant. We will continue to periodically review content for recency and relevance, and will either archive or refresh this content as the situation requires. Please reach out to your Customer Success Manager if you have any further questions.