UK North Sea operators will see near-record cash margins and profits this year as they will look to extend field lives amid high oil and gas prices in a “now or never” regulatory environment, energy consultancy Wood Mackenzie says. The North Sea still looks pretty good for oil and gas operators in the short term, although long-term uncertainties over field development approvals and the UK’s net-zero goals continue to loom large over the industry.
“Production growth and near record cash flows in 2022 will strengthen…North Sea Oil Operators Set For Near Record Cash Flows
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