RE: Highs and Lows31 Jul 2019 19:57
BP Repsol pulled out of Buchan on the back of low oil prices and an ageing platform. Lots of people lost their jobs in the offshore industry back then. 2016 oil dropped to $30 which put the nail in the coffin for Buchan, by 2017 it closed. After HSE inspections of the platform they found it structurally sound, but to late decision had been made. GLA