Number of abandoned wells overtakes fresh drilling, says OGA report
ByAllister Thomas
Fewer wells are being drilled than are being abandoned, according to the new OGA study.
A new report from the Oil and Gas Authority (OGA) has highlighted that the number of plugged and abandoned wells in the North Sea has overtaken fresh drilling as exploration continues to drop.
The regulator has issued its first Well Insights report, assessing the well stock of the UK Continental Shelf.
A total of 163 wells were abandoned last year, up from the predicted 140, beating the combined total of 106 wells drilled in 2016 and 2017.
