decommissioning tax relief


Opinion: Taking down the decommissioning barrier to M&A

The fall in the world price of crude has been at the centre of a number of obstacles that are currently stifling many North Sea M&A transactions. This factor, along with a lack of acquisition finance and the persistent gap between the price sellers want for assets and the one buyers are prepared to pay, is making valuations hard to land. Where late life assets are concerned, decommissioning liabilities, which can often erode any value in what might otherwise be a viable transaction, are proving another major issue, preventing many deals from getting over the line.


Decom mirage giving way to hard reality

I have read many reports on the UKCS decommissioning market over the last decade, as many other people in the industry must also have done. All have proved to be wildly inaccurate in relation to both the size and timing of the market, which has been very much smaller than predicted.