According to the Petroleum Services Group, part of business advisory firm Deloitte, 46 wells have been drilled in the region so far this year, up 28 per cent on the same period last year.
The number of UK deals, where oil and gas fields are bought and sold, has risen five per cent on the same time in 2011, including Chinese refiner Sinopec buying a 49 per cent stake in the UK arm of Canada?s Talisman Energy.
Graham Sadler, managing director of the Petroleum Services Group, said the North Sea was ?picking up the pace? thanks to a sustained high oil price and tax breaks.
?We are still not seeing pre- recession activity levels but there?s a definite feeling of some confidence coming back to North Sea operators,? he said.
Source: http://www.dailyexpress.co.uk/posts/view/352237/North-Sea-oil-enjoys-boost-/
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