Industry benchmarks place the average cost of a medium-to-large-scale offshore shutdown between $10 million and $100 million, depending on asset complexity and scope.

The North Sea, a critical source of oil and gas for the UK, has seen its fair share of milestones and challenges. Many of the oil and gas assets operating in the UK Continental Shelf (UKCS) have long passed their original design end-of-life. As these assets age, the risk of failure increases, potentially leading to catastrophic events similar to Piper Alpha or Deepwater Horizon.