Plenty of longevity in North Sea despite mixed messages, says KPMG
ByAllister Thomas
An oil and gas expert insists there is investment “for many years to come” in the UK Continental Shelf, despite recent mixed messages about its longevity.
Alan Kennedy, KPMG’s UK head of oil and gas, says it is “hard to believe” that fresh investment from new players such as Ineos and Chrysaor has been carried out without long-term plans to generate income.
That following what he calls contradictory views on the UKCS, with energy giant Statoil praising a “positive and exciting” future for the next 30 years, while Edinburgh University’s school of geosciences claimed the North Sea was in its final decade.
