UK increasingly reliant on oil, gas

07/25/2005
The UK will be increasingly reliant on oil and gas to meet its primary energy needs during the next 10-15 years despite efforts to promote renewable energy sources, the UK Offshore Operators Association Ltd. (UKOOA) said.“The UK’s reliance on oil and, in particular, gas as primary sources of energy is increasing,” said UKOOA Chief Executive Malcolm Webb. “The government’s projections show that the UK’s oil and gas needs will rise from the current 74% of primary energy to 85% in 2020.”UKOOA’s annual economic report, released July 14, said the UK has reserves of up to 28 billion boe.“If we don’t produce oil and gas ourselves, then ...
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