UK Government's "unrealistic" North Sea expectations: Westwood

WESTWOOD Global Energy Group has conducted new analysis of the UK’s offshore exploration performance which reveals the UK government’s expectations for oil and gas exploration are “unrealistic.”

UK Government's "unrealistic" North Sea expectations: Westwood UK Government's "unrealistic" North Sea expectations: Westwood UK Government's "unrealistic" North Sea expectations: Westwood UK Government's "unrealistic" North Sea expectations: Westwood UK Government's "unrealistic" North Sea expectations: Westwood

 

The report reveals that oil and gas exploration saw a significant dip in 2012 -2013 before the oil price crash, when only 10 million barrels of oil equivalent was discovered...