DECC: UK oil and gas reserves between 11.1 and 21 boe

DECC today published its annual updated estimates which show UK oil and gas reserves and resources are in the range of 11.1 to 21.0 billion barrels of oil equivalent (boe).

DECC says that these figures show there is still a lot of potential remaining in domestic energy reserves. They also further underline the importance of greater collaboration and efficiency in the industry as described in Sir Ian Wood’s recommendations.

It’s for that reason that the Government has fast-tracked the recommendations of the Wood Review to maximise the potential of the North Sea and make sure the whole of the UK benefits.

“The Government recognises the importance of the oil and gas sector and is committed to working with industry to create the right conditions to maximise opportunity and investment to the benefit of the whole UK economy,” DECC said in a statement.

The published estimates do not include any estimates for shale gas or shale oil reserves as exploration for shale gas is still at a very early stage in the UK.

 

July 07, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply