Scotland announces new financing round for oil and gas decommissioning. Credit: Steven Straiton.

The Government of Scotland has announced additional funding to enable oil and gas supply chain benefits for decommissioning of the North Sea infrastructure.

The £5m funding is part of the Decommissioning Challenge Fund (DCF) that will re-open for a third round of financing.

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This latest round of DCF is set to support the country’s port infrastructure upgrades, innovation in retrieval and transportation methods, and oil and gas supply chain projects to bolster decommissioning capabilities.

It will also back engineering scoping work, feasibility studies and business development at certain sites in order to obtain private investment.

“More than £17bn is expected to be spent in the North Sea to 2025, with the peak for decommissioning activity in this area predicted to go beyond this.”

Scotland Minister for Energy, Connectivity and the Islands Paul Wheelhouse said: “We fully recognise that decommissioning is an emerging, but growing, activity in the North Sea. More than £17bn is expected to be spent in the North Sea to 2025, with the peak for decommissioning activity in this area predicted to go beyond this.

“Scotland’s supply chain is winning the lion’s share of project value in areas like well-plugging and abandonment, but there is room to further increase market share in areas such as the salvage and disposal of top-side infrastructure.”

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The DCF third round is open until 28 September of this year. The fund will be delivered by a DCF Programme Board drawn from the government and industry.

Previously, the fund supported multiple projects, such as feasibility studies at Hunterston Marine Yard, upgrades to Kishorn Port dry dock gates and infrastructure, Stornoway Port decommissioning, and Energy Park Fife decommissioning facility at Methi.