More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
Whalsay Energy is seeking partners to help it develop the Bentley field in the UK North Sea.
Equinor will look to develop its Rosebank and Bressay projects in the North Sea once production levels have been ramped up at the new Mariner field.
The head of Whalsay Energy has said the North Sea oil industry needs to address high spending on “pseudo-dead” facilities after they stop producing.
Whalsay Energy’s boss has said the firm will pick a development concept for a 300 million barrel North Sea field in the third quarter of 2018.
“Sympathy” is what North Sea veteran Paul Warwick feels when asked about the shareholders who lost their investments in Xcite Energy.
Industry veteran Paul Warwick will spearhead efforts to develop one of the North Sea’s largest undeveloped discoveries, the Bentley field.