THE WALL STREET JOURNAL: Oil Cos Agree To Code Easing North Sea Pipeline Access
“Oil companies in the North Sea, including heavyweights BP PLC (BP) and Royal Dutch/Shell Group (RD, SC) have agreed with the U.K. government to adhere to a new code of conduct aimed at easing access to undersea pipelines.”
DOW JONES NEWSWIRES
Posted 16 Sept 04
LONDON — Oil companies in the North Sea, including heavyweights BP PLC (BP) and Royal Dutch/Shell Group (RD, SC) have agreed with the U.K. government to adhere to a new code of conduct aimed at easing access to undersea pipelines.
The U.K. is keen to encourage new and often smaller companies to develop the dwindling oil and natural gas resources of the North Sea. Gaining access to the infrastructure that delivers the hydrocarbons to market is key for these companies, particularly in the development of small fields which the major companies that control the pipelines won’t bother with.