Tag: Ian Wood

A new report from Deloitte, the business advisory firm, which gauges the oil and gas industry’s reaction to Sir Ian Wood’s Maximising Recovery Review, calls on the new regulator – the Oil and Gas Authority (Ian Wood), the Government and companies operating in the North Sea to adapt to a new reality in the basin.The report found that drilling activity on the UK Continental Shelf (UKCS) needed to double to more than 90 wells per year over the next two decades to make the most of the estimated USD 1.3 trillion worth of oil and gas that potentially remains.