UK North Sea work to slump on oil price fall

摘要

Martin Quinlan, LONDON: A fall in the oil price to $80 a barrel would make a third of today's likely future developments in UK waters uneconomic, and would accelerate production shut-downs and decommissioning. So warned the oil producers' and suppliers' organisation, Oil & Gas UK (OGUK), in its Economic Report 2014, published in late September.