Delivering a rapid, orderly and just energy transition for the UK Continental Shelf
The report highlights the crucial decisions the UK must make as it manages the decline of the UK Continental Shelf oil & gas fields. The study helps to quantify the opportunity for the UK, with successful planning and robust decommissioning, to scale up clean energy solutions, create new jobs, and enhance energy security.
The shifting economics of the energy transition means how the UKCS transitions has significant implications for job security, energy affordability and supply, and UK tax revenues.
This involves comprehensive planning to manage the decline in oil and gas production, scale up clean energy solutions, decommission the hundreds of obsolete assets as well as strategically repurpose a select few, and help to decarbonize UK homes and industries.
The report finds that with the rapid scale up of renewables and carbon capture and storage (CCS), and a robust decommissioning industry, total UKCS jobs do not need to decline. If managed correctly, the transition for the UKCS could create even more jobs in future.
