Natural Gas World
  • Natural Gas News

    Herald Scotland: North Sea Costs to Fall by a Fifth

    old

Summary

Analysts at Wood Mackenzie has said that, though the costs of developing fields in the UK North Sea will fall by 20%, it won't be enough to start some projects

by: Erica Mills

Posted in:

Press Notes

Print This Article

Herald Scotland: North Sea Costs to Fall by a Fifth

The cost of developing North Sea fields will fall by around 20 per cent in coming months but probably not by enough to encourage firms to go ahead with many projects, experts have indicated.

Wood Mackenzie said the cost of developing and running North Sea fields will fall steadily this year as oil and gas firms respond to the plunge in oil prices, by scaling back investment.

Read the full article HERE.

Related Articles