EFTA Document EFTA01367341

31 May 2015 Integrated Oil US Integrated Oils Why the UK 7:3). 7 a good prow for Norwegian for global Non-OPEC) production While some have looked at the UK as a cautionary tale for both the North Sea and as an example for global Non-OPEC production, we see limited read through. Like its neighbor, the UK has seen steadily declining production despite a significant increase in capital spent. However, we see a few meaningful differences: 1) fiscal policy (including the most recent tax chang