DUTCH SEEK TO SPARK OFFSHORE DEVELOPMENT

The Dutch government is negotiating with operators in a bid to keep offshore development going. Operators in the Dutch North Sea view the area as played out under current fiscal terms. Prospective areas are almost covered by 3D seismic surveys, and a large part of available acreage is licensed to operators. A number of marginal fields await development, but operators say fiscal terms need to be more favorable.

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