April 8, 2019
Source: Energy Voice

Mitsubishi to receive £400 mn for decommissioning relief

UK Government has decided to pay up to £400 million to Mitsubishi for oil and gas decommissioning relief. The amount will go to Mitsubishi's subsidiaries MCX Osprey and MCX Dunlin. The pay-out will assist the shutdown of the Greater Dunlin Area. It was in 2015 that Dunlin's decommission was decided and its 70% liability was transferred to Mitsubishi. The payment will be made through Decommissioning Relief Deeds.

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