Study sees good prospects for some N. Sea service providers

As 2000 opens, the North Sea's "easy" production growth during the 1990s faces the reality of higher depletion and declining field sizes.In a study published as 2000 approached, Simmons & Co. International, Houston, said opportunities for significant growth remain in the deep water, Atlantic margin, Norwegian Sea, and Barents Sea regions. The core continental shelf region, however, is going to see a tougher fight with the reality of oil depletion at hand, Simmons forecasts.Simmons' report, written by Roger D. Read and Daniel R. Pickering, highlights the changes occurring in the North Sea and how those swings will affect the oil-service industry."We believe the oil-service industry...

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