OGA must be ready to apply ‘use it or lose it’ powers

The reduced oil price over the last 2 months (down 20%) is worrying, and it looks like the price could be between $55 and $65 this year.

This should still enable the slow but sure improvement in activity and investment this year to continue.

The market is very active and a lot of deals are being discussed to take assets into hands that will develop them.

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