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Reefs, not removal, could be the future for rigs, says Shell

 

Emily Gosden, Energy Editor: 

Royal Dutch Shell’s chief financial officer has criticised rules requiring old oil and gas platforms to be removed from the North Sea, claiming that they will result in taxpayers “spending money unnecessarily”.

Simon Henry said that regulations enshrined in the international Ospar convention should be reviewed because they “could actually create more of an environmental issue by disturbing certain things in the removal process” and should be reviewed.

Mr Henry was speaking days before Shell is expected to publish plans for decommissioning its Brent field, seeking an exemption from the rules in order to leave the concrete legs of its platforms in the sea.

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