Deloitte: Production, licensing climb in North Sea for 2013

02/03/2014
An increased focus on development activity by operators in the UK resulted in a 5-year high in the number of fields that started oil and gas production, according to a report on offshore activity released by Deloitte on Jan. 29. Thirteen fields started production in 2013, better than the nine that started up in 2012. Deloitte notes that 11 of those fields were eligible for tax allowances, signifying positive industry reaction to the government incentives in place. Meanwhile in the 27th licensing round, UK's Department of Energy and Climate Change confirmed 219 awards were offered following a record-high 224 applications, which boosted optimism heading into the 28th licensing round on Jan....
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