Against All Odds, North Sea Proves Resilient to Oil-Price Slump

  • Output in U.K. North Sea will rise through 2018: WoodMac
  • Region joins Russia, Norway in bringing down costs to survive
Photographer: Matthew Lloyd/Bloomberg

Oil producers in the North Sea were supposed to be among the first victims of OPEC’s battle for market share. Instead their high-cost, decades-old facilities are proving surprisingly resilient to the price slump.

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