Offshore NW Europe mature but offering opportunities for smaller players

08/27/2001
The Infield Systems database shows that, in summer 2001, there were 2,918 offshore fields in production worldwide.North America is the most prolific region with 1,548-about 50% of the world's offshore fields. Europe, by comparison has a "mere" 467.But when the average field reserves are examined, Northwest Europe shows its importance as a province. The average North American offshore field has reserves of 39 million boe; off Northwest Europe, fields are more than five times that size-an average of 234 million boe. These numbers are to a great extent a statement of past activity and the relative maturity of the Gulf of Mexico compared with the North Sea. But what of the future? In the ...
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