Intervention innovation will sustain Europe's oil, gas industry

摘要

Technology remains the key to continued development in the aging North Sea. With demand for energy increasing, the oil and gas industry is pushing into more remote, deeper, and more challenging environments, which makes one wonder what will happen to mature provinces like the North Sea. Much of the region's more easily accessible oil has been exploited, and when companies review the costs of exploration and production around the world, the North Sea might well appear to be less favorable. But the North Sea still holds a considerable volume of reserves.