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UKOOA: UKCS oil, gas output down by 9% in 2006
02/26/2007
Production of oil and natural gas from the UK Continental Shelf fell by 9% to 2.95 million boe/d in 2006 compared with 2005 because of technical and commercial difficulties, according to a survey by the UK Offshore Operators’ Association.Production has fallen quicker than originally expected, UKOOA said, signalling that the UKCS is facing serious competition issues with other international basins. Reasons behind the fall in output include poor reservoir performances, increased maintenance of infrastructure, lower gas demand, and delays in start ups of several projects in 2006-07, UKOOA said. Many of these projects also suffered from bad weather in the UK North Sea.Production should ...
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