Activity Report for the North Sea
The Oil and Gas Authority (OGA) has published its Activity Plan 2017 and 2018 that describes the 10 priority areas where the OGA will direct its efforts to continue to ensure maximum impact over the next two years, including an updated set of milestones and targets.
Stuart Carter, a partner in the Oil & Gas team, says that with Private Equity starting to look at the UK more seriously as a place for investment, the deals that we are now seeing being done on the UKCS will inevitably lead to an expansion in specialist legal services. This is replicated across other regions.
Africa has been seeing increasing levels of activity as the OPEC arrangements to curb production filters through to commodity prices. But as recent events show there are still plenty of bumps in the road before E&P companies and investor alike can value, with confidence the reserves in the ground.