Wells show there’s life left in North Sea

The number of wells drilled on new projects in the North Sea reached a six-year high in 2005, with some significant finds providing evidence of the potential of the province, according to sector specialists.

..With oil and gas firms making or progressing discoveries containing more than 700 million barrels oil equivalent, Jim Hannon, co-founder of Hannon Westwood consultancy, said the activity levels confirmed there was plenty of life left in the North Sea. Initial reports indicated some sizable discoveries had been made.
The Herald