Onshore/Offshore Facilities

The North Sea Transition Authority has published its first table identifying 13 operators that are behind schedule in decommissioning their inactive North Sea wells.
Research facility plans to add multiphase-flow-testing capabilities for heavy oil and different viscosities.
The decision keeps the effective tax rate on upstream projects at 78%, prompting new warnings that investments will continue to dwindle in the UK Continental Shelf.

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