Breakdown of global oil rig decommissioning spending by country 2019-2028

The United Kingdom is forecast to account for a 28 percent share of the total worldwide spending on oil and gas rig decommissioning between 2019 and 2028. Some 85 billion U.S. dollars (67 billion pounds sterling) are set to be spent on dismantling aging and unproductive oil and gas wells during that timeframe. In the UK, proved oil reserves have decreased since the late 1990s, with production output falling accordingly. In 2018, the UK government called on the industry to further research best practices for decommissioning.

Distribution of oil and gas well decommissioning expenditure worldwide by country between 2019 and 2028

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Release date

November 2019



Survey time period

2019 to 2028

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Statistics on "Global oil rigs"

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