Drilling and deal activity on the UK Continental Shelf (UKCS) will remain at “a steady low” for at least this next year, says a new report from Deloitte. Poor weather and high costs have already had an impact on the amount of exploration and appraisal (E&A) work conducted by operators in the region during Q1 2014, said Deloitte. Better weather could see drilling activity pick up in Q2.
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