Page 30: of Maritime Reporter Magazine (April 2016)

The Offshore Annual

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The Transocean Barents starts work again in May 2016 after a two-month pause.

Photo: Courtesy Transocean rebound we be spurred by subsidized try analyst Rystad Energy suggested new U.K. budget, Rystad warned UKCS At Culzean, Britain the gas market was seismic surveys; a drop in corporate tax U.K. Continental Shelf (UKCS) capex producers needed a breakeven oil price all Maersk and partners seemed to need. of three percent to 17 percent, and up to will drop 25 percent to 8.9 billion ster- of $67.10 per barrel. None have pro- Similarly, local gas sales to pay for pro- 17.5 percent less revenue tax. Just before ling in 2016 after falling 20 percent in claimed what post-Budget 2016 break- duced oil later — a Canadian idea from the March budget, an email from indus- 2015 to 11.6 billion sterling. Before the even might be. Tanzania’s remote Rovuma basin — has

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.