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2021 will see an estimated £1.46 billion spent on decommissioning, up on the £1.07 billion seen in 2020, according to OGUK’s twelfth Decommissioning Insight report.

The uptick is a sign of “business returning to its usual pace” in the wake of disruptions caused by COVID-19 and low commodity prices, OGUK said, and served as proof of the industry’s resilience.

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Photo Credit: Energy Voice

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