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Shell Submits Brent Decommissioning Plans

Source: www.gulfoilandgas.com 2/8/2017, Location: Europe

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Royal Dutch Shell is to call time on four decades of history as it prepares to publish multi-billion pound plans to dismantle the colossal oil rigs in the Brent oilfield in what will be viewed as a major milestone for the industry.

The oil giant will today submit its decommissioning plans to the Government, putting an end to the decade it has spent grappling with how to safely retire the aging field.

The work to decommission Brent could take as long as ten years, turning a page on the oil and gas field which has been a cornerstone of the UK's multi-billion pound oil and gas industry for over four decades.

At its peak in the early eighties Brent produced 500,000 barrels of oil a day and Shell estimates that over its lifetime Brent produced around four billion barrels of oil, which is almost 10pc of all the oil and gas produced in the UK sector of the North Sea.

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