Total investment in UK offshore oil and gas exploration,new field development and operations continued its year-on-year upward trend in 2005,rising 15% to ￡9.7bn,according to a new report published by the UK Offshore Operators Association (UKOOA).The UKOOA Economic Report 2006,entitled Energy Now and for the Future,claims that sustained investment in the UK Continental Shelf (UKCS) could ensure that the UK oil and gas industry still meets 60% of the UK's hydrocarbon needs in 2020,providing a solid founda-tion for UK security of energy supply.
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