An oil and gas industry veteran yesterday warned that 2017 would be another washout for North Sea drilling unless investment is secured quickly.
Professor Paul de Leeuw, director of Robert Gordon University’s Oil and Gas Institute, said failing to act would create a gap in production at the start of the 2020s.
Prof de Leeuw was commenting after new statistics showed the number of rigs drilling for oil and gas in the North Sea plummeted to a near 35 year low in September.