Shell and BP's chief execs still believe in the North Sea

The two oil majors have divested assets and slashed their investments big-time in the North Sea, but the CEOs of the two companies still have faith in the strained market.

Photo: Royal Dutch Shell PR

BP and Shell have both scaled down investments and divested assets in the North Sea since the oil price began to slide in the late summer 2014.

But the two oil majors will still be present on the British and Norwegian shelves in the North Sea going forward, as evident from comments from the two companies' CEOs, reports Financial Times.

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