UK oil and gas companies are facing a bill of some $24 billion, or 20 billion pounds, for plugging unused wells, Reuters has reported, citing figures from Offshore Energies UK, the industry body. There are more than 2,000 old wells and related facilities that would need to be put out of commission over the next ten years. What’s more, the bill will swell particularly fast in the next three to four years, OEUK said, as more and more wells will be shut down. The average cost of decommissioning a well is around 7.8 million pounds, according…
Hence then, the article about uk oil and gas companies face 24 billion well plugging bill was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( UK Oil And Gas Companies Face $24 Billion Well-Plugging Bill )