Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
The year 2012 has been one of contrasts on the UKCS. Field investment could end up at a record level of £11.5 billion (US$18.4 billion), compared to £8.5 billion (US$13.6 billion) in 2011. The increase is due principally to the coincident development of a group of large, expensive projects, such as Clair Ridge, Laggan and Tormore fields, and the redevelopment of Schiehallion field. These fields are located West of Shetlands and contain substantial reserves. It should be noted that the current record level investment also reflects decisions made before the various tax reliefs announced in Budget 2012 and more recently. Field operating expenditures are also at record levels and could be around £7.5 billion (US$12.0 billion) for 2012. The result is that, currently, the supply chain is fully stretched, with widespread shortages of skills and consequential cost inflation.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Bucharest - April 28-30
Houston, TX - May 5-8
Savannah, GA - May 5-8
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.