North Sea Exploration Ban Impact
Rystad Energy and Oil & Gas UK comment on a potential licensing ban. A potential ban on new exploration licenses in the North Sea would have limited impact on the medium- and long-term outlook. That’s according to Rystad Energy analyst Sonya Boodoo, who communicated with Rigzone after a Telegraph story reported the UK was mulling a ban on new oil exploration licenses in the North Sea and considering ending permits in 2040. “The UK is a mature region with limited exploration upside in that time frame,” Boodoo said in the statement. “In terms of production, we forecast that less than f...
Source: rigzone.com