Photo: The Elgin Franklin fields in the UK North Sea; Author: SP Mac

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North Sea exploration: Risk appetite remains despite low oil prices

The North Sea has been a cash cow for the UK and Norway contributing to their economies for over half a century. However, to maintain regular activities in the near future, new commercial discoveries are necessary and to achieve this there needs to be a high level of exploration activity.


In addition to two major oil price crises tha[...]

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