OPERATIONS

'Significant' oil reserves will sustain UK production for next 20 years

A REPORT from the UK 's Oil and Gas Authority published today shows that overall remaining recoverable reserves and resources range from 10 to 20 billion barrels or more of oil equivalent, which the authority believes will sustain production for at least the next 20 years and beyond if additional resources can be matured.

'Significant' oil reserves will sustain UK production for next 20 years

  Over the last two years the OGA have worked alongside the British Geological Survey to re-evaluate and study oil and gas resources throughout the UK to form the report.   Together the two organisations...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry