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
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.
Drilling activity in UK waters fell by more than one-third last year, according to a report published today.
Exploration and appraisal drilling in the UK North Sea has dropped to its lowest level since 2003, according to a report released yesterday.
Drilling activity in British waters fell by 25% in the past quarter, according to figures released today.
Offshore drilling on the UK continental shelf (UKCS) fell by 20% during the third quarter of 2010 compared with a year earlier.