Shell to Decommission North Sea Field Due to Oil Prices Crash

Posted by Alec Cope | Feb 5, 2015 |

Shell to Decommission North Sea Field Due to Oil Prices Crash

(Sputnik News)

(Sputnik News)

SOURCE: Sputnik News

Anglo-Dutch energy giant Royal Dutch Shell plans to decommission its Brent oil field in the North Sea due to a decrease in oil prices, Financial Times reported Tuesday.

The Brent oil field, discovered in 1971, is one of the largest in the North Sea. Decommissioning is planned to start next year, according to the newspaper.

Shell’s decision to decommission its Brent oil field production facilities could be followed by other oil companies after a more than 50-percent oil price drop since last June has made most North Sea oil fields unprofitable, Financial Times said.

Almost all of the 470 platforms in the North Sea belonging to various energy companies could be closed in the next 30 years as profitability and production decline, according to the newspaper. The operation will cost 40 billion pounds (over $60 billion). Shell will decommission 30 platforms.

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Alec Cope

After years of research and a series of unpleasant experiences concerning the current child protection services system, Alec Cope decided to combat the cancerous corruption through information. Freelance writing articles as a form of protest and distributing them throughout his former high-school and local area, Alec struck special chords with whomever he was in contact with. Alec has been involved in activism such as sit down protests as well as Idle No More gatherings. Being independent for the majority of his time, Alec became a member of the WeAreChange family to assist one of the organizations that inspired him to become active in the first place. With a larger platform and positive support Alec has committed the majority of his time to research, writing, and maintaining social media with the goal to continue expanding the awakening sweeping throughout all levels of society. Growing up within a rural area in Northern Michigan as well as being a native American descendant, Alec is seeking to expose environmental abuse in his state as well as globally. A high-school dropout, Alec chases his passion for writing and empowering individuals while showing any isolated person that they too can overcome the odds with a community that will support them. Alec lives in the lower peninsula of Michigan near Kalamazoo. https://www.facebook.com/alec.cope.75 [email protected] https://www.twitter.com/AlecCope http://www.pinterest.com/aleccope75/

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