The UK-based research firm said in a new analysis that so-called incremental projects – those aimed at tapping more resources from producing fields – “stack up favourably” in terms of economics when compared with greenfield schemes.
It comes amid tighter project screening and more stringent capital allocation by the likes of state-owned Statoil and other players working off the country as they face intense investor pressure to boost returns on investments that have been slashed by spiralling costs for rigs as well as oilfield equipment and services.
The
