Delays add up

Delays in bringing developments on stream cost the UK nearly 250,000 barrels of oil production a day in the first half of the year, according to Wood Mackenzie. The North Sea consultant says the unforeseen difficulties in operations – many associated with maintenance programmes – cut production by 138,000 barrels a day against industry forecasts […]

Delays in bringing developments on stream cost the UK nearly 250,000 barrels of oil production a day in the first half of the year, according to Wood Mackenzie. The North Sea consultant says the unforeseen difficulties in operations – many associated with maintenance programmes – cut production by 138,000 barrels a day against industry forecasts at the beginning of the year.