Activity picks up in the UK North Sea

摘要

Billions of dollars worth of projects are progressing in the UK North Sea as companies use technology while the government works to stimulate interest, all in an effort to boost lagging production levels. Unleashing technologies to successfully extract hydrocarbons from new and mature fields is among the challenges facing development in the UK North Sea, where oil and gas production has fallen. Based on the recent resurgence of activity, as billions are poured into major developments, it is apparent that interest has not waned and operators are up to the challenge. Gaining interest are the waters east of Shetlands and the West of Shetlands region. Companies are actively exploring for new reserves while also working diligently to recover oil from the region's mature fields. While the UK North Sea has produced about 41 Bboe, estimates show that there are about 20 Bboe more that can be produced.