UK oil and gas production grew by more than 10% in 2015, the first increase in 15 years, however major challenges remain, according to Oil & Gas UK’s Economic Report 2016 published today (September 27, 2016).
Oil & Gas UK’s Economic Report 2016 demonstrates the tenacity of the offshore UK oil and gas industry despite difficult market conditions. It notes that few industries could have achieved the performance improvements the UK oil and gas industry has demonstrated over the past 18 months. The sectors determination has seen the cost of extracting…
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