Activity Survey 2014

ACTIVITY SURVEY 2014

Taking a regional perspective, nine wells were postponed in the central North Sea, six of which were due to rig unavailability. In the southern North Sea, three of the four postponed wells were adversely affected by the lack of rig availability, and in the northern North Sea, regulatory requirements, contractual complexity and the lack of external funding were reported as the main reasons for postponement.

Figure 10: Constraints on Exploration and Appraisal Drilling in 2013

Re-ordering of Wells 8%

Other 4%

Subsurface 4%

Drilling Rig Rates 4%

Drilling Rig Availability 42%

Regulatory Requirements 8%

Contractual Complexity 4%

Lack of Funding 25%

Source: Oil & Gas UK

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