VOL. XXXV

NO. 22

2-MARCH-1992

Supply/Demand

CGES Study Examines Effects of Future Oil Prices on North Sea OilDevelopment

The effects of future oil price levels on the development of new oilproduction in the North Sea is the subject of an excellent in-depth study by theLondon-based Centre for Global Energy Studies (CGES), published in the latestissue of the Centre's bi-monthly publication Global Oil Report.

The North Sea is a high-cost environment for upstream investment inrelation to other oil...