As the oil market adjusts to an era of sub $50 per barrel prices, it is apparent many conventional and unconventional exploration and production hubs are in for a tough time. The North Sea, having peaked in 1999 and well past its better days, is most certainly among those staring with anxiety at an oil price that is staying ‘lower for longer.’
As the oil market adjusts to an era of sub $50 per barrel prices, it is apparent many conventional and unconventional exploration and production hubs are in for a tough time. The North Sea, having peaked in 1999 and well past its better days, is most certainly among those staring with anxiety at an oil price that is staying ‘lower for longer.’
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