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North Sea needs $50 oil to encourage new fields says Prof Kemp

stander
stander
in Oil, Gas and Energy News

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Renowned petroleum economist Professor Alex Kemp said further cost reductions and tax incentives are needed to stimulate activity in the North Sea.


Prof Kemp, speaking at a seminar on how to maximise economic recovery in the North Sea, held at the University of Aberdeen, said the sector needed a $50-$60 per barrel oil price to incentivise field developments.


Read the full story on Energy Voice.


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