North Sea Oil Majors Need To Increase Investment To Avoid Slowdowns

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Hira Shahnawaz Akhtar
Published on
Updated on

The North Sea has experienced sequential and constant declines in oil production over the past. Norway produced 61 million barrels of oil in August 2013 which was a decrease of 2.15 percent YoY. Norwegian oil production has experienced slowdowns over the past four years and has a four year CAGR of -5.94 percent. Declining North Sea output Annual oil production in Norway saw a peak on 1.52 billion barrels in 2000 and has halved ever since. Oil production in 2012 stood at 748 million barrels while it is expected to reduce further to 717 million barrels in 2013 with a…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.