Commentary, 9/10 2014

Safety Net

During the recent Offshore Northern Seas – ONS – one of the most predominant themes was a discussion of cutting costs. The cost of doing business in the North Sea, and on the Norwegian Continental Shelf in particular, has risen across the board. Although there was and is continued excitement and optimism concerning the development of Norway’s recent fields, such as, for example, the Johan Sverdrup field – cutting costs is what made the headlines this year.