Intsok

The recent Oil and Gas UK report reveals that the number of offshore oil and gas projects currently under consideration for development has risen sharply over the last 12 months, pointing to the still substantial potential of this mature province.  However, the report shows that reserves being developed or in production have declined, as possible new projects fail to meet companies’ economic criteria. This highlights continuing concern about the UK’s ability to attract the necessary investments to maximise the recovery of its oil and gas resources.