The North Sea Basin: UK and Norway pursue very different strategies

Line chart of production forecasts (2015–2035) with multiple series: Equinor actual/forecast, UKCS NSTA, and Industry NCS forecasts for 2010, 2015, 2026, showing differing trends over time.

The North Sea Basin is producing increasingly different outcomes in the UK and Norway, despite both countries exploiting the same mature resource base. New analysis argues that differences in fiscal stability, licensing, regulation and long-term energy policy are shaping investment, exploration and future oil and gas production on either side of the North Sea. Why we selected this report: Published this week, […]

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