Offshore NW Europe: A sector facing demise or just transition?

What is wrong with the oil and gas sector off Northwest Europe? Why is it ailing? Will it shortly lay claim to that title of the Gulf of Mexico of just a few short years ago: the Dead Sea?This article will seek to address these questions and offer suggestions for solutions.In the six countries engaged in oil and gas production on the North West Europe Continental Shelf (NWECS)-the UK, Norway, Denmark, the Netherlands, Germany, and Ireland-production levels have never been higher (Table 1). And looking to the future: 37 new fields are currently under development. 49 new fields are currently being planned for development. 344 commercial finds have been made that could enter production...

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