Scott Lehmann of Petrotechnics has commented on the Chancellor's budget statement.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/23112016/petrotechnics-releases-statement-on-uk-autumn-budget/
Petrotechnics releases statement on UK Autumn budget
Published by
David Bizley,
Editor
Oilfield Technology,
Advertisement
"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."
You might also like
PCSB announces oil and gas discovery at the Nahara-1 well in Block SK306
The discovery is located in the shallow waters of Balingian Province about 150 kilometres from Bintulu, off the coast of Sarawak, offshore Malaysia.