Offshore NW Europe mature but offering opportunities for smaller players

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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