Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
High commodity prices, creative licensing and use of new technologies have all combined to improve activity levels and project spending in this key region.
Activity and spending are up in the UK North Sea and onshore, as operators take advantage of high commodity prices and improved licensing terms. So far, the 10% production tax surcharge imposed last year is only proving to be a nuisance. However, if prices fall or some other incident occurs to lower profitability, then the surcharge could contribute toward a pull-back in plans by operators.
23rd Licensing Round. The Secretary of State for Trade and Industry opened the 23rd Seaward Licensing Round on March 10, 2005. Under this round, 1,329 blocks in the UK offshore sector were on offer, Fig. 1. For the first time since 1998, the entire North Sea was open for oil and gas exploration.
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.
Aberdeen - December 2-3
Calgary - December 8-8
Mangaf - December 8-10
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.