Following a prolonged UK winter that limited North Sea drilling activity in Q1 2013, with licensing deals remaining flat, growth is expected in the North Sea for the rest of this year, says a new report. After a strong finish to 2012, the report by Deloitte’s Petroleum Services Group (PSG) covering upstream activity across North West Europe found that both drilling and licensing deals, where oil and gas fields are bought and sold, on the UK Continental Shelf (UKCS) levelled out during Q1 2013.
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