North Sea gets optimistic appraisal

UK NORTH Sea oil and gas production might be at risk of plunging into terminal decline, but consultancy GlobalData is putting on its rose-coloured glasses, believing that the UK will actually dominate new oil and gas projects in the region out to 2025.

North Sea gets optimistic appraisal North Sea gets optimistic appraisal North Sea gets optimistic appraisal North Sea gets optimistic appraisal North Sea gets optimistic appraisal

In the same week industry veterans in the UK warned that most production in the region is likely to be loss-making if prices are less than $50 a barrel, and ConocoPhillips said it was considering

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