The activities of UK Continental Shelf (UKCS) for the year 2005 are discussed. The higher activity is measured using physical and financial indicators. The money spent by the industry have also showed strong upward movement. The increased interest in the UKCS among investors was manifested in the strong response to the 23rd Licensing Round. It is stated that the UKCS remains a high-cost region and has to compete for investment funds with other petroleum provinces.
|Number of pages||2|
|Specialist publication||World Oil|
|Publication status||Published - 1 Dec 2005|