United Kingdom Oil and Gas Market Report Q1 2013

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United Kingdom Oil and Gas Report Q1 2013 Feb 13th 2013, 00:00 BMI View: The pick-up in drilling activity in the UK''s offshore sector will continue on the back of high oilprices and tax reforms that support gas production and development. The clarification of budget rulesrelated to the decommissioning of defunct infrastructure in the North Sea will sustain a trend of smallerindependents or newcomers in search of safe, producing assets taking up the mature assets that existingplayers have decided to offload. This will slow the rate of decline, especially in UK gas production.The main trends and developments we highlight in the UK Oil and Gas sector are:? Data released by the US Energy Information Administration (EIA) show that oi...

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