A broader range of tax allowances and a sustained high oil price boosted drilling activity on the UK continental shelf (UKCS) by one third in 2012, according to a new report by Deloitte, the business advisory firm. The report, compiled by Deloitte's petroleum services group (PSG), which documents drilling and licensing activity across North West Europe for the whole of last year, shows 65 exploration and appraisal (E&A) wells were drilled on the UKCS in 2012, marking a 33% increase on last year's total of 49. This compares to lower drilling activity levels reported in Norway in 2012, down by 19% when compared to the previous year.
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