Reflecting a trend toward marginal developments, more than 80 new oil and gas fields, with estimated reserves totaling 5.7 billion bbl of oil and 13 tcf of gas, are likely to be developed the next 20 years in the central and northern U.K. North Sea. That's the view of Grampian Regional Council (GRC), Aberdeen, which forecasts increased use of subsea and floating production systems to develop fields generally smaller than those producing today. In other U.K. North Sea action: British Petroleum Co. plc plans to jump North Sea spending by 10% in order to hike its U.K. output by 6%. BP also contends rece...

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