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Hope for UK oil industry at Offshore Europe conference

The conference in Aberdeen presented a "do or die" challenge for the UK's offshore interests amid tough circumstances

With all the large and relatively straightforward fields going or gone and oil prices in the doldrums, the gloomy contents of the industry’s economic report for 2014 came as no surprise to delegates attending the Offshore Europe conference in Aberdeen. But the crisis could be turned to the industry’s long-term benefit, presenting it, as it does, with a “do or die” challenge. Successfully addressed, it could force the industry to abandon its traditional approach to its problems and thereby ensure the maximum output from the North Sea at the least cost. And delegates said the outlook would be much bleaker now if it were not for the coalition government’s prompt implementation of the highly i

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