BIG FUTURE REMAINS FOR NORTH SEA OIL AND GAS

The U.K. North Sea can produce more oil and gas in the next 20 years than it has in the past 20, while British production can stay at more than 2.2 million b/d of oil equivalent well into the next century. With 14,4 fields either on production or approved for development off the U.K., there have been about 500 further discoveries, giving the U.K. more than 15 billion bbl oil equivalent in undeveloped reserves. There is still another 4-25 billion bbl of oil and as much as 45 tcf of gas to be

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