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The global energy panorama is changing significantly, with sovereign countries focusing more than ever on energy security, leading to a process of de-globalisation of the energy systems.
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Increasing competition across all fuels/energy sources is impacting materially on oil and gas markets.
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The UK Oil and Gas Authority, OGA, were given a mandate to Maximise Economic Recovery (MER) of the country’s hydrocarbon reserves, estimated to be up to 20bn boe. The MER strategy becomes particularly relevant under the light of the ongoing Brexit proceedings.
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The UK onshore conventional oil and gas presents opportunities for businesses conceived with the appropriate skillset, strategies, finance and cost structure.
