Related Articles
Forward article link
Share PDF with colleagues

Extending the life of the North Sea

Oil and gas production is likely to sag in the coming years, but the industry won’t go without a fight

UK oil and gas production rose to 1.63m barrels of oil equivalent a day in 2017, the highest level since 2011. It would have been higher still but for the unplanned closure of the Forties Pipeline System for repair in December 2017. There's more upside to come. Consultancy Wood Mackenzie estimates the UK will produce 1.74m barrels a day in 2018, as fresh production more than offsets declines in maturing fields. The roster of developments making progress has been growing, too. The green light was recently given to the redevelopment of the Alligin and Vorlich fields by BP, and Chevron has re-tendered for the floating production and storage vessel for its Rosebank field, northwest of Shetland



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Outlook 2022: Russia plays catch-up
30 November 2021
The Eurasian giant has announced an aggressive decarbonisation plan while striving to relieve Europe’s power crunch
Investors unfazed by Vietnamese challenges
29 November 2021
Foreign companies are enthusiastic about Vietnam’s LNG prospects, but risks persist
Deals booming in the Haynesville
29 November 2021
Strong global gas prospects and high-quality inventory are driving a big swing in M&A activity in the basin
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video