North Sea: 30 Crude & Natural Gas Projects To Start Operations By 2020

04/13/17 •lweb.es/f2766 •bit.ly/2pjWUch

30 crude and natural gas projects are expected to start operations in the North Sea by 2020. The UK will lead with a total of 19 projects, followed by Norway with 10 and Denmark with a single project, according to GlobalData. The total recoverable reserves for these projects are expected to stand at 5.2 billion barrels of oil equivalent. The planned projects in the North Sea They are expected to require a total capital expenditure of $56.7 billion, of which over half (54%) is expected to be spent between 2017 and 2020.