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Contract awards for decommissioning, particularly for rigs, are lagging, even as the UK’s decommissioning workload is increasing. Persistent delays could strain the supply chain’s capacity to execute the work required, Westwood cautioned in its latest analysis. This could lead well plug and abandonment costs in the UK to rise to as much as $5.5 billion, especially if rig availability tightens. (Click on image to enlarge.)

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