DEVELOPMENTS IN U.K. NORTH SEA COULD TOTAL 57 IN 3 YEARS

Development activity during the next 3 years in the U.K. North Sea could involve 57 fields with reserves totaling 2.3 billion bbl of oil and 14.3 tcf of natural gas, says County Natwest Woodmac, Edinburgh. More than 60% of the oil and 50% of the gas reserves lie in the central North Sea. In similar surveys in 1989 and 1990, gas accounted for about 40% of the total oil-equivalent reserves likely to be developed. In the current survey, the gas share has risen to about 50%.

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