20 New Oil and Gas Fields Needed Every Year (UK)

Scotsman.com – MORE than 20 new oil and gas fields will have to be developed in British waters each year to help keep pace with the current rate of production, according to an authoritative report on the industry’s future.

A new study by Professor Alex Kemp and Linda Stephen of Aberdeen University on the prospects for the UK Continental Shelf (UKCS) until 2035, warns that while remaining reserves are large, the industry’s future prosperity will depend on the successful exploitation of large number of small oil and gas fields and enhanced recovery schemes which will be more costly to develop.
Scotsman.com