Without the development and discovery of new fields, current reserves would sustain domestic production from the UKCS to 2030, according to projections from the Oil and Gas Authority (OGA).

In a new report, the industry regulator said its estimate for proven and probable (2P) UK reserves, as of the end of 2020, is 4.4 billion barrels of oil equivalent (boe).

Read the full story here.

Photo Credit: Energy Voice

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