The UK North Sea's slow-rolling recovery from the lowest activity levels in its history was given a further shot in the arm last week by news from Shell Exploration & Production PLC that it plans to inject some $1.2 billion into as many as half a dozen new developments in the province over the coming year.On top of an increased capital outlay-up 50% on this year's "original plan" and a 20% hike on its spending for 1999-Shell added that it would be expanding investment in its exploration drilling and seismic programs by as much as $300 million over the next 5 years.Shell's Outer Moray Firth Goldeneye development and the five-accumulation cluster in the East Shetland basin known...
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