Will there be any oil production in the North Sea 20 years from now? (user search)
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  Will there be any oil production in the North Sea 20 years from now? (search mode)
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Question: Will there be any oil production in the North Sea 20 years from now?
#1
Yes		  
#2
No		  
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Total Voters: 11

Author Topic: Will there be any oil production in the North Sea 20 years from now?  (Read 303 times)
ingemann
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Posts: 4,366
« on: December 22, 2014, 01:24:42 PM »
Żes for one simple reason, it's only new well's where the price need to be over 60$ per barrel, the running wells cost much less to keep pumping, than to close them down.

Beside that this low won't be permanent, through it may last for several years, at some point the we the price rise again.
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