Scott Lehmann of Petrotechnics has commented on the Chancellor's budget statement.
"In today’s Autumn Statement the Chancellor reinforced that commitments made to the UK North Sea oil and gas sector in the March Budget still stand. While this is good it’s not enough. More measures are needed to support a sector that is severely resource-constrained. Operators are facing immense pressure to do more with less while maintaining safe, efficient operations. This prioritisation of limited resources is creating a growing maintenance backlog for North Sea assets. The result of this could be lessened with additional measures to provide much needed breathing room for operators to address underlying inefficiencies."
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/23112016/petrotechnics-releases-statement-on-uk-autumn-budget/