Regional Report North West Europe ///

The northern basins of the Barents Sea, the West of Shetlands, and the deepwater basins along the Irish coast, are all becoming areas of increased exploration and licensing activity, as companies seek to explore frontier areas. These new areas of interest, however, come with harsher operating environments, lack of infrastructure, and technical challenges. Future, successful exploration activity in these three frontier areas may revive interest in North West Europe and attract operators and companies that are exploring other frontier parts of the world.

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