Britain's offshore drilling business appears to have completely recovered from the bout of "falling crude price sickness" contracted in 1986. After a couple of years of convalescence, when North Sea drilling activity started to recover, two independent examinations have pronounced the patient fully restored to the vibrant health it enjoyed in the mid-1980's. A survey of offshore operators' drilling intentions by Britain's Department of Energy suggested that 230-240 exploration and appraisal wells could be drilled this year, a 10% increase from the peak drilling year of 1984. WOODMAC'S SURVEY ...

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