UK drills ahead amid price slump

UK North Sea drilling has held up in the months since Brent began to slump in earnest last October, but only at an already low number of wells dominated by majors’ appraisals, a new analysis has found.

Drill dearth: BP uncovered new resources with Transocean Galaxy II, above, at Marconi, but UK saw few wildcats overall in 2014
Drill dearth: BP uncovered new resources with Transocean Galaxy II, above, at Marconi, but UK saw few wildcats overall in 2014
Published 20 February 2015, 10:24Updated 17 October 2016, 13:15
Europe