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Old 10th Jun 2013, 22:40
  #454 (permalink)  
Hummingfrog
 
Join Date: Apr 2002
Location: Up north
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OutlawPete

Aberdeen is never like a ghost town
Perhaps you weren't there in the late 1980s when whole streets were up for sale in the Bridge of Don with no takers. I was working on the 40s in the 1990s when the oil price dropped to $14 a barrel and there was a real sense of doom as it was costing $11 a barrel to uplift.

Recent history has been good for the N Sea. I started in 1990 and in the first five years there seemed to be new rigs going in all the time but recently, apart from West of Shetland there haven't been any major new rigs in the N sea - partly because drilling technology is more advanced so smaller fields can be picked off from existing rigs.

Don't believe, however, that the bad times of the late 1980s can't return.

HF
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