U.K. looks to squeeze out more North Sea oil

A U.K. Department of Trade and Industry (DTI) task force aims to enable the development of 5.6 billion bbl of additional oil during the next 5 years from U.K. North Sea marginal discoveries.The initiative was announced by Stephen Byers, secretary of state for trade and industry, who told the Offshore Europe conference in Aberdeen on Sept. 7 that the program is intended to maintain U.K. oil production above 3 million b/d and thereby prolong self-sufficiency.Byers told delegates the initiative would be driven by a newly formed organization, Leading Oil & Gas Industry Competitiveness (Logic), which is intended to promote best practices throughout the oil and gas industry supply chain."The ta...

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