November 2012, Vol. 239 No. 11

Projects

United Kingdom Oil and Gas Report Q3 2012

The pick-up of drilling activity in offshore UK will continue, on the back of high oil prices and 2012 budget reforms supporting production and development, according to Research and Market’s “United Kingdom Oil and Gas Report Q3 2012. The report notes that the clarification of budget rules concerning the decommissioning of defunct infrastructure in the North Sea will continue the trend that has been seen of larger companies offloading mature assets to smaller independents, or companies wishing to de-risk their portfolio with safe assets in the North Sea. This is projected to slow the rate of decline in the UK’s oil and gas production. The main trends and dev

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