Investment in North Sea ‘highest for 30 years’
The UK Continental Shelf is bringing about a revival in North Sea Oil and Gas, according to industry analysts Oil & Gas UK. With tax breaks and increasing investment, the North Sea will hit £13bn of investment this year, compared with £11.4bn in 2012.
The news comes as a welcome relief from recent uncertainties in the industry as job security in many parts is assured and boosted. This was highlighted as Oil & Gas giant EnQuest invested £169m after tax allowances were made to extend the life of work in the Thistle oilfield.
Read the full story here: North Sea oil investment at 30-year high, industry says