UKCS entrants on the surge

摘要

New entrant E&P players to the UKCS since 2008 now control 46% of production, 39% of reserves and 64% of potentially commercial volumes yet to be developed, says a new report by consultants Westwood Global Energy. New entrants are producing more than 300m boe per year “but their appetite for buying pro- ducing assets has not yet been matched by their appetite for investment in new production,” said the report.