We discuss the outlook for the North Sea following the Wood Review and restructuring within the industry since the downturn in the oil price. Consistent with other mature regions, the North Sea has struggled with declining production and a stubbornly high cost base. Following the Wood Review and changes to the fiscal terms and regulatory environment, we discuss how these developments could prolong production and maximise economic recovery in the long term. Issues remain surrounding deco
11 Nov 2016
The Oily Rag
Chariot Limited (CHAR:LON), 8.7 | Parkmead Group PLC (PMG:LON), 15.8 | Falcon Oil & Gas Ltd. (FOG:LON), 6.6
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The Oily Rag
Chariot Limited (CHAR:LON), 8.7 | Parkmead Group PLC (PMG:LON), 15.8 | Falcon Oil & Gas Ltd. (FOG:LON), 6.6
- Published:
11 Nov 2016 -
Author:
Cavendish Research -
Pages:
24
We discuss the outlook for the North Sea following the Wood Review and restructuring within the industry since the downturn in the oil price. Consistent with other mature regions, the North Sea has struggled with declining production and a stubbornly high cost base. Following the Wood Review and changes to the fiscal terms and regulatory environment, we discuss how these developments could prolong production and maximise economic recovery in the long term. Issues remain surrounding deco