Deloitte: Drilling up off the UK, down off Norway

10/22/2012
Offshore drilling for oil and gas is rebounding in the UK and falling in Norway, according to a recent report by Deloitte. Across all of Northwest Europe, drilling is down slightly. In this year's third quarter, operators spudded 33 exploration and appraisal wells, down 5 from the comparable period of 2011. But the third-quarter total for the region is up 8 from the first quarter and up 4 for the second quarter. Of the regional third-quarter 2011 total of wells spudded, 26 are offshore the UK and Norway. The UK increase In third-quarter 2012, operators spudded 17 exploratory and appraisal wells on the UK Continental Shelf, 1 more than in the same period of 2011. The quarterly total is dow...
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