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المشهد العربي
Britain speeds up North Sea well closures
The North Sea Transition Authority reported that around 500 oil wells have exceeded the deadline for final shutdown and decommissioning. This comes as part of intensified efforts by the companies operating in the region to address the increasing backlog of suspended operations and the high costs of decommissioning. Last year, 114 wells were closed, compared to 103 in 2024. However, challenges still remain in completing these closures due to rising costs and equipment shortages. Additionally, the Authority imposed a fine of £16.5 million on Inquest Ltd for failure to deactivate 33 idle wells, with legal appeals against the penalty ongoing.
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