10 May '13, 1pm

Drumbeat: May 10, 2013

Posted by Leanan on May 10, 2013 - 10:28am At Least 9 More Decades for North Sea Oil Oil and gas production in the UK North Sea can continue until the end of this century provided the right government policy decisions are made, according to Scottish Energy Minister Fergus Ewing. ..."In domestic terms, the [Scottish] industry is having a second major opportunity with a huge number major new developments going ahead, some of which are extensions of existing developments. For example, the Clair Ridge field has the potential to produce oil until 2055 according to BP." ..."The Clair field was actually discovered in 1977, and that's ironic because we were told by London that the oil would run out in the 90s, and then in the 90s that it was going to run out in the Noughties," Ewing said. "I think it's a theme that's losing credibility because if BP comes along and says the Clair ...

Full article: http://www.theoildrum.com/node/9983

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