BRITAIN NEED INVESTMENT $265 BLN
OGJ - Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry's expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).
Vision 2035 is a framework for the UKCS led by Oil & Gas UK and the Oil & Gas Authority.
An Oil & Gas UK business outlook said pretax E&P expenditure on the UKCS was about $19 billion in 2018. Pretax E&P expenditures are expected to increase to more than $19.8…
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