Expert Insight

Olivier Mussat and Paul Dufays, , Standard Chartered
National oil companies (NOCs) in certain jurisdictions, whether pursuing national agendas of indigenisation, or maximising exploitation of petroleum, are moving away from granting E&P companies direct equity interests in some upstream licences, preferring to retain the equity interest and granting rights under upstream service contracts.
Derek Henderson, Senior Partner, Deloitte
Despite oil prices being close to record highs, these are, in many ways, challenging times for the upstream oil and gas companies operating in the UK Continental Shelf.
Hugh Ebbutt, Senior Consultant, CRA Marakon
The developed world’s enormous debts – sovereign, bank and private – threaten a second recession. With confidence low and enforced austerity the prescription of choice, credit, investment and consumer spending, and so economic activity all remain stalled.
Ian McLelland, Director & Sector Head of Oil & Gas, Edison Investment Research
2011 was undoubtedly a difficult year for independent oil and gas companies, with the junior sector in particular suffering in the wake of tough economic conditions.

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