Reuters: Low Oil Price Domino Effect to Shut More North Sea Fields Early

Low oil prices have tightened the screws on some of the most depleted and costly oilfields in Britain's North Sea, forcing operators to cease production earlier than planned and adding to fears of a domino effect in mature areas.

For years North Sea producers have delayed expensive decommissioning projects, supported by high oil prices that have helped paper over soaring operating costs.

(...)

The problem isn't confined to the Northern North Sea – the Southern gas basin is also challenged by falling production and high costs.

Read the full article HERE.