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SPECIAL REPORT: Basins off NW Europe offer opportunities in troubled seas
08/20/2007
Despite recent production decline, Europe is still the world’s largest offshore oil and gas producer.Although oil prices have remained high for nearly 3 years, and total reserves probably still exceed 100 billion bbl, the mature parts of the region such as the UK have become less attractive for the oil majors. However, opportunities still abound for small E&P company players.Right down the food chain, home-grown European offshore contractors are winning business worldwide and so are the European stock markets--London has hosted the IPOs of a number of international oilfield service companies.The following is an examination of the state of plays and prospects and highlights some ...
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