UK Oil & gas firms to spend £200 billion to extend North Sea life

Oil & Gas UK published its ‘Business Outlook 2019’ which highlighted the fact that the UK will have to spend £200 billion in existing operations and new opportunities  to add a generation of productive life to the UK North Sea basin.

The Business Outlook 2019 thinks of the investors as cautious because of the uncertainty in commodity markets. In the meantime, the forecasts present a conservative outlook for prices.

Companies aim to keep their unit operating costs stable, at current levels, with...

https://safety4sea.com/uk-oil-gas-firms-to-spend-200-billion-to-extend-north-sea-life/

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