University of Aberdeen

Oil & Gas

Opinion: Alex Kemp on ‘THE’ challenge for the industry

14/03/2017

The purpose of the new research paper by Linda Stephen and myself is to throw light on the implications of “lower for longer oil prices” on long term activity in the UKCS to 2050. The oil price scenarios employed are $50 and $60 in real terms. For the year 2050 these translate into $96.1 and $115.3 in money-of-the day terms. The price scenarios are not forecasts.

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