Investment in North Sea forecast to rise to record GBP13B, FT says

theflyonthewall.com

Capital investment in new fields in the North Sea will rise to a record GBP13B this year from GBP11.4B in 2012, estimated the offshore industry group Oil & Gas UK, reported Financial Times. Companies including BP (BP) and Statoil (STO) have made announcements of big North Sea planned projects in recent months, the report noted.

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