The mature North Sea oil and gas province continues to deliver; and its role as a critical supplier of hydrocarbons to continental Europe came into sharp focus during 2022. An active licensing and M&A scene has enabled companies to position themselves for the future; to sustain current production levels, and to access key acreage and infrastructure for future carbon capture and renewable power operations. Experts discuss key questions regarding the energy future for the North Sea: What will be the impact of recent tax changes on the investment landscape? Will commercial models for low-carbon activities deliver the desired returns? How might decommissioning and infrastructure aging challenge progress?

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