United Kingdom Oil & Gas Report Q2 2013 - New Market Research Report
The pick-up in drilling activity in the UK's offshore sector will continue on the back of high oil prices and tax reforms that support gas production and development. The clarification of budget rules related to the decommissioning of defunct infrastructure in the North Sea will sustain a trend of smaller independents or newcomers in search of safe, producing assets taking up the mature assets that existing players have decided to offload. This will slow the rate of decline, especially in...
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