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NORTH SEA EMBRACES A NEW ERA
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WHEN he paid BP GBP 400m for its massive Forties Field, John Crum
was banking on new ideas keeping the money as well as the oil flowing
from the North Sea. He was not alone.
BP and the other oil majors are moving out, claiming that the cost
of extracting the remaining reserves on the scales they require is
uneconomic.
It has been left to a new generation of adventurers such as Crum,
managing director of US-owned Apache, to take their place, convinced
that there is still money to be made.
Despite the withdrawals and 1,500 job losses, the talk in the bars
and offices of the north-east is ...
Related newspaper, magazine, and trade journal articles from HighBeam Research
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As Easy Oil Pickings in North Sea Ebb, Independent Firms Arrive.
Newspaper article from: Knight Ridder/Tribune Business News
; ...own in the North Sea is the Forties Field, Apache Chief...operate the Forties Field. Apache is...move into the North Sea to coax the...in the huge Forties Field. Farris agrees...analogy of the North Sea to the Gulf...
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Minnows in for feast if big fish leave North Sea
Newspaper article from: Scotland on Sunday
; ...Shell will leave the North Sea to smaller operators...have been exploring the North Sea for the past 30 years...invested GBP 10bn in the North Sea between 1996 and 2002...doom and gloom in the North Sea at the moment, but I...reserves of oil in the North ...
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Fallow North Sea oil fields could reap billions
Newspaper article from: The Sunday Herald
; ...oil discoveries in the North Sea could potentially generate...executive vice- president North Sea for Apache Corporation. Apache bought the Forties field from BP this year as the...a major new hub in the North Sea. Crum, whose job is to...said he is convinced the ...
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North Sea oil in new peril
Newspaper article from: Scotland on Sunday
; SCOTLAND'S North Sea oil industry, ravaged by tax increases...but also through smaller finds." The North Sea is in danger of being left behind. Over...recent 20th award when 25 blocks in the North Sea were made available, some of the majors...
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 "Press and Journal, The Aberdeen (UK)")
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Apache aims to enhance North Sea production
Newspaper article from: Press and Journal, The Aberdeen (UK)
; ...company Apache North Sea generated more...Apache entered the North Sea through its pounds401million...acquisition of the Forties field from BP in 2003...additions to Apache's North Sea acreage during...drilling activity in Forties during 2006, due...opportunities ...
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North Sea fields top world list for new exploration
Newspaper article from: The Scotsman
; SCOTLAND'S North Sea oil fields are the world's hottest spot...aimed at bringing life back to ageing North Sea assets, data from research firm Robertson...the latest round of applications for North Sea exploration licences had seen a surge...
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North Sea set for 'landmark' year
Newspaper article from: The Scotsman
; ...year for the North Sea, with the likely...expects a raft of North Sea assets to be...investment in the North Sea. BP set tongues...the 32-year-old Forties field. Wood Mac believes...ahead. Wood Mac North Sea consultant, Dr...health of the North ...
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North Sea production changes shape as big players offload their ageing assets
Newspaper article from: Scotland on Sunday
; ...another chapter of the history of the North Sea oil industry to the dustbin. Discovered...1970, it was the first major find in the North Sea and within three years it was pumping...billions in building up production in the North Sea. Now Forties, whose oil rivals Brent...
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North Sea's mid-term report: Could be better
Newspaper article from: The Scotsman
; ...the current and near-term state of the North Sea and claimed that things were getting...late 1997 through early 1999 forced the North Sea's hand. Oil companies could not simply...have been extracted from the high price North Sea, both in terms of capital and operational...
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Rumours fly, but BP firm on North Sea role
Newspaper article from: The Scotsman
; ...recent claim about BP and the North Sea was a humdinger. It was also...as was the development of the North Sea and Alaska some 30 years ago...earnings in the decades ahead. The North Sea is not among them. Putting his...could have been invested in the North Sea. As the ...
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