Sunday, 8 February 2015

Sir Ian Wood, founder of Wood Group, Warns of Risk to North Sea Oil Facilities

Scottish billionaire Sir Ian Wood warned the UK government that $50 oil prices could lead to decommissioning of North Sea oil facilities and unexploited oil.

Bob Dudley, an America from Queens who succeeded Tony Hayward in 2010 as Chief Executive of BP, said "The North Sea decline is inevitable".

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