North Sea: Mature province gets its second wind - Recent exploration successes have brought more players than ever to the North Sec

摘要

Oil production in the UK and Norway peaked a decade ago, but today there is a revival in activity. Key drivers are excellent exploration results in Norway, high field development activity coming up, and large programs for modifications of old platforms. The number of players is higher than ever, with majors and large independents heavily involved in investing in new field developments and increased oil recovery (IOR). European energy companies are the strongest group of newcomers and have been active buying assets and companies. Players from Asia and the Middle East also have entered, and the number of junior E&P companies and startups has surged over the last decade.