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Related Articles
Accelerated gas focus for new UK licensing round
Regulator designates four priority clusters in Southern North Sea for fast track
Mixed appetite for UKCS farm-outs
Deltic reports progress but will also relinquish two licences after failed processes
Little love lost as Serica and Kistos walk away
Neither firm will pursue their offer for the other, but they may look elsewhere
Suncor in no rush on UKCS sale
The Canadian producer’s exit from Norway may not be closely followed by divestment across the maritime border
Shell commits to second SNS exploration probe
The major will sink another well linked to farm-in agreements with UK independent Deltic
Hurricane looks to a debt-free future
Embattled North Sea producer is set to pay off the last of its convertible bonds later this month
Is there logic in Kistos-Serica?
Both sides appear potentially interested in a union on their terms. But not all analysts are convinced
UKCS firms look at investment allowance options
Producers eye spending to offset windfall tax hit
Banks retain oil and gas lending caution
The Ukraine crisis has not yet seen Europe’s financial institutions shift gears on lending to producers of domestic oil and gas
Viaro seeks range of growth options
The relatively new entrant to the UKCS is keeping all avenues open to hit ambitious output target
North Sea
Erikka Askeland
8 April 2019
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Rattray could hold the last great North Sea oil reserves

Vulcanism was supposed to have scuppered the oil potential of a large area of the central North Sea, but academics say it may be worth another look

North Sea operators have been urged to look again at old assumptions, after fresh analysis of historic seismic data revealed a swathe of the basin may yet hold hydrocarbon reserves. The Rattray volcanic province in the central North Sea remains largely unexplored, despite being located in one of the world's most prolific-though now mature-regions for oil and gas production. Drillers have given Rattray a wide berth in the past, because it was believed that basalt lava flows erupting within an area of 7,000 km2 (2,700 sq miles) from volcanoes active 165mn years ago had formed magma chambers. These would have prevented the existence of large oil and gas deposits today, the geological argument r

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