Decommissioning - The Cost Challenge

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1 OGA 2018 This presentation is for illustrative purposes only. The OGA makes no representations or warranties, express or implied, regarding the quality, completeness or accuracy of the information contained herein. All and any such responsibility and liability is expressly disclaimed. The OGA does not provide endorsements or investment recommendations. Oil and Gas Authority is a limited company registered in England and Wales with registered number and VAT registered number Our registered office is at 21 Bloomsbury Street, London, United Kingdom, WC1B 3HF Decommissioning The Cost Challenge Nils Cohrs 23 May 2018

2 OGA Decommissioning Our team s mission To steer the UKCS overall decommissioning cost to 39bn* or less * 2016 money How? Engage early on decommissioning plans with operators Publicise benchmarks using OGA Stewardship Survey data Identify cost reduction opportunities/ challenges for decommissioning Promote collaboration across industry Identify and share lessons learned Support supply chain to develop capacity and efficiency Ensure MER UK behaviour implemented Asset Stewardship Expectations

3 Strategy and Programme Cost certainty and reduction Driving targeted cost efficiency programmes including innovative and regional approaches with extensive and effective knowledge sharing and best practice adoption Delivery capability Developing an efficient and exportable low cost and profitable delivery capability supported by a competent and efficient supply chain, a selection of business execution models all designed to allocate risk, align industry participants and drive down costs Scope, guidance and stakeholder engagement Working with BEIS and other relevant parties to identify and evaluate opportunities to further optimise and define parameters for decommissioning scope and improve industry engagement Builds on the Strategy Focus over the next year Sets out a number of key deliverables Clear action plan and timetable for delivery Reviewed on an annual basis

4 Costs 59.7bn 59.7bn Source: OGA 2017 Decom Cost Report using 2016 UKCS Stewardship Survey Data

5 5 Decommissioning Workflow Late life operation Warm stack/suspension Cold stack/suspension Removal Dismantling Monitoring OGA MER UK Decommissioning Cost OPRED DP approval DP execution and progress monitoring Review HSE Offshore Safety Case adherence with regular amendments Onshore H&S regs

6 Need for Change Cost P90 P90 Probability P10 P50 Business as usual Probability P10 P50 Transformational approach Cost Industry and government have shared desire to minimise cost Awareness that business as usual will not be sufficient to transform cost Typical improvements of 35% seen in other industries e.g. automotive and aviation

7 How to deliver the 39bn target Diagram for illustration only By realising opportunities By minimising risks

8 8 Decommissioning Dashboard Decommissioning Production Installations 0 Northern North Sea Pipeline(s) Wells Execution Plan Installation Name Description POB Mass (Te) Premise Ref.: Description OD (") Dist.(km) Product Premise Well Base OGUK Type WellCount LateLife Management Category Alfalfa A Integrated platform Combination ,000 Remove PL678 Kittiwake A Platform to Fulmar Receiver Tree 0 0 Gas Remove Type 0 0 Alfalfa B NUI Normally Unmanned Installation Combination 0 7,000 Remove PL123 Well211/19 2 to Murchison Platform 3 0 Light Oil Part Remove Type 1 0 Platform 0 PL517 Rob Roy Production Manifold to PL Seabed Location 5 0 Well Fluids Leave Type Type Type 4 0 Number 0 0 Type 0 2 Subsea structures Mass (Te) Premise Mass: 025 Te 5 Remove 0 0 Type 1 0 Subsea Subsea Mass: Te Subsea 2 Remove 0 0 Type 2 0 Mass: Te Subsea 2 Remove 0 0 Type 3 7 P&A Mass: 500+ Te Subsea 1 Remove 0 0 Type 4 0 Conclusion 1,100 Added on Cost Category review tab Scope & Cost Phasing ( MM) Prior Years Future Cost L/Cycle Cost Est.Quality % Lifecycle Operator Proj.Mgmt 0 MM 61 MM 61 MM AACE Class 4 12% Running/Owners Costs 0 MM 125 MM 125 MM AACE Class 4 25% Well P&A 0 MM 90 MM 90 MM AACE Class 4 18% Fac./Pipelines Make Safe 0 MM 10 MM 10 MM AACE Class 4 2% 10 Topsides Preparation 0 MM 50 MM 50 MM AACE Class Topsides Removal 0 MM 90 MM 90 MM AACE Class 4 90 Fac./Pipeline Make Safe Substructure removal 0 MM 50 MM 50 MM AACE Class % Super/Substructure recycling 0 MM 6 MM 6 MM AACE Class Subsea infrastructure 0 MM 10 MM 10 MM AACE Class 4 10 Site remediation 0 MM 1 MM 1 MM AACE Class 4 1 Monitoring 0 MM 2 MM 2 MM AACE Class 4 0% Cessation of Production (Year) MM 495 MM Warm Stack Cold Stack Removals & Recycling Decommissioning Project Cost Uncertainty and UKCS Benchmarks Scope & Cost Phasin Prior Years Future Cost Operator Proj.Mgmt 61 Running/Owners Co 125 Well P&A 90 Fac./Pipelines Make 10 Topsides Preparatio 50 Contracting Topsides Removal 90 Substructure remov 50 Super/Substructur 6 Subsea infrastructur 10 Site remediation 1 Monitoring 2 Project P10 P90 Range Project Lifecycle Total Spend UKCS Benchmark P10 P50 Range Decommissioning Cost Breakdown (WBS) Business Environment Operating Model Industry Collaboration Facilities reuse / Carbon Capture & Storage Operator Proj.Mgmt Running/Owners Costs Well P&A Fac./Pipelines Make Safe Topsides Preparation Topsides Removal 0 Project Management PostCoP Running Costs Well P&A Facilities/Pipelines Make Safe Topsides & Substructure Prep. + Removal Topsides & Substructure recycling & disposal Subsea infrastructure Site remediation Monitoring 0 Substructure removal Super/Substructure recycling Subsea infrastructure Site remediation Monitoring Saving Opportunities vs P10s vs P50s Project Management MM PostCoP Running Costs 58 0 MM Well P&A 42 0 MM Facilities/Pipelines Make Safe 7 0 MM Topsides & Substructure Prep. + Removal MM Topsides & Substructure recycling & disposal 4 4 MM Subsea infrastructure 4 0 MM Site remediation 1 0 MM Monitoring 1 0 MM Total MM MM 60 Decommissioning Cost Phasing Summary / Conclusion 19 February 2018 I.Fozdar Operator Proj.Mgmt Running/Owners Costs Well P&A Fac./Pipelines Make Safe Topsides Preparation Topsides Removal Substructure removal Super/Substructure recycling Subsea infrastructure Site remediation Monitoring

9 How to measure success to deliver the target? 1.Change in total cost forecast vs previous year from Asset Stewardship Survey 2.Change in key cost area benchmark (P50) after each Stewardship Survey with new actual data 3.Improved cost definition for first 5 and 10 year forecast 4.Actual industry success stories indicating realised savings

10 OGA s key deliverables in Publish 2018 Decommissioning Cost Report 2.Publish Decommissioning Lessons learnt report 3.Complete Tier reviews with top 10 operators (based on total spent forecast over next 5 years) 4.Issue update for Decommissioning Delivery Plan

11 Decommissioning Task Force Objective: Minimise the cost of decommissioning in an appropriate manner, with a focus on delivering what would otherwise not be delivered by industry Team: Terri King (ConocoPhillips) Nigel Lees (Wood/Decom NS) Roy Aspden (CNRI) Pauline Innes (BEIS) Nils Cohrs (OGA) Win Thornton (BP) Mike Tholen (O&GUK)

12 Decommissioning Task Force Plan 2018

13 Decommissioning Task Force Website

14 Thank you

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