Delivering MER: The Issues (14th April 2016)
The oil and gas industry is currently in crisis - supply exceeds demand and has resulted in oil prices falling to less than half their value of 12 months ago, leading to postponement or cancellation of projects worldwide, and restructuring as many staff are laid off. The UK Government’s new Energy Act - expected to pass into law in Spring 2016 – will make it mandatory for North Sea oil and gas exploration companies to collaborate in order to achieve Maximum Economic Recovery (MER).
