Upturn in UK drilling expected
Strong oil prices and tax incentives are expected to drive a swift return to North Sea drilling and deals growth after a "muted" start to the year, according to a new report.
petroleum service group
Analysts upbeat about drilling
Offshore drilling activity around the UK rose marginally during the first quarter of 2012, compared with the same period last year, according to new oil-industry figures.
Fall in UK drilling activity
Drilling activity in UK waters fell by more than one-third last year, according to a report published today.
Dip in new North Sea drilling activity
Exploration and appraisal drilling in the UK North Sea has dropped to its lowest level since 2003, according to a report released yesterday.
Deloitte data points to 25% dip in drilling in UK waters
Drilling activity in British waters fell by 25% in the past quarter, according to figures released today.
Report highlights third-quarter slide in drilling
Offshore drilling on the UK continental shelf (UKCS) fell by 20% during the third quarter of 2010 compared with a year earlier.