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Oil and gas group welcomes increased UK production

Oil and gas group welcomes increased UK production


 

The UK’s oil and gas production is likely to have increased significantly in 2015, an industry group has said. In a statement posted on Monday 4 January, Oil & Gas UK cited government data showing that, in the first 10 months of the year, the total volume of oil and gas produced on the UKCS was up by 8.6% compared with 2014. While output in November and December tends historically to be more stable, the organisation expects production for the full year of 2015 to be 7%-8% higher than 2014. CEO Deirdre Michie said: “The upturn underlines the industry’s commitment to the UKCS––which still holds great promise for the future and is vital for the country’s security of supply.”

 

Oil & Gas UK