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Exploration and production
UK oil and gas drilling activity plummets
DRILLING activity in the UK portion of the North Sea plummeted in 2009, with only 78 exploration and appraisal wells spudded – the lowest level in five years and a 35% drop compared with 2008. Exploration wells almost halved in 2009 compared with the previous year, according to a study by Deloitte, an accountancy firm. On the UK Continental Shelf (UKCS) the greatest decrease in activity came in the northern North Sea, where well spuds were down by 65% compared with 2008. The southern UKCS area also suffered, with a 60% drop. Activity was also down in the central North Sea (down by 47%) and the Moray Firth (a 26% drop in new spuds). Only the West of Shetlands region and the east Irish Sea bucked the trend, with a 23% rise in the former and ...Click here to continue reading Exploration and production
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