Sorry guys - the majors are all exiting the UK N Sea - selling out to the small guys if they can. The size of discoveries continues to fall. Major pieces of infrastructure are being decomissioned. No young people are joining the business. Costs are coming down but not fast enough.
The N Sea is up against the US shale guys who have cut their costs dramatically over the last couple of years and who can react very rapidly to any change in the oil price - far faster than the N Sea.
If BP are targetting $ 12 a barrel a lot of jobs will have to go and the contracting business will be wiped out - or gutted - other costs have stayed the same and that means the contractors are going to get 20-30% of what they were earning 3 years ago... go figure on what that means for income, jobs and careers.............