Energy firms invest £ 460 mm in UK North Sea oil quest

Jun 09, 2006 02:00 AM

Energy companies invested around £ 460 mm last year in the search for oil and gas in the British sector of the North Sea.
As a result of the heavy spend, experts believe that production in the area is likely to be extended by up to 30 years.

However, despite last year's exploration investments, companies failed to make a significant discovery.
The main drivers of the frantic North Sea activity are smaller, independent explorers which are snapping up unwanted assets discarded by the major players.

Source: scotsman.com
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences