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clock Created with Sketch. 23/07/18
14:51
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Originally posted by bjaensch
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The fields BHP and XOM were selling are on their legs production wise. Similar practices have been going on for at least 10 to 15 years in the North Sea where majors sell still producing, but well into decline, to smaller operators that have a different ROI profile and who are willing to take up the platform decommissioning expense, which usually includes plugging and abandoning the wells, removing the platform and asocaited pipelines.
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Hi they are a LOT HIGHER than the 38-40 dollars a barrel a few years ago . Thanks for keeping me honest as doing more research on Google I have learned a lot Cheers Towie
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