NICK WALKER IS executive vice president - international operations West for Talisman Energy. From your perspective, what are the main critical issues that affect the North Sea business at this time? There are a number of issues. We are, I hope, progressing out of recession. Oil prices have recovered somewhat, but gas prices still haven't, and I think the latter will stay low in Europe for some time. This will be an issue for the gas-led part of the business. Fortunately, Talisman's business in the North Sea is oil-focused. Also, there are a lot of smaller companies out there struggling to secure the financing needed to fund their plans.
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