Clarksons Platou: Oil at USD 40 will shut down North Sea fields
The smaller North Sea rigs, who only have a few years left anyway, look set to be shut down ahead of schedule if the oil price remains at around USD 40, says Clarksons Platou analyst in an interview with ShippingWatch.
BY CHRISTIAN BARTELS
Smaller production units in the North Sea and on the UK shelf, with break even levels of around USD 70 per barrel, and which are far along in their lifespan, could be the first ones taken out of service if the oil price remains at the current levels of less than USD 40 per barrel, explains Head of Offshore Research at Clarksons Platou, Erik Tønne, in an interview with ShippingWatch.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Record-low share price shrouds Seadrill in uncertainty
For subscribers
Analysts see oil price plunging through 2008-low
For subscribers
