UK’s Shale Gas Sector Insiders Refute University Study

12 Oct 2017   United Kingdom

Industry insiders claim that the fledgling industry will evolve successfully despite hurdles. A new report by the University of Edinburgh, which claims that output from offshore fields in the North Sea will be depleted within a decade , is causing alarm and division within the UK. A study of output from offshore fields estimates that close to 10 percent of the UK’s original recoverable oil and gas remains – about 11 percent of oil and 9 percent of gas resources. Most of the UK’s liquids production occurs in the central and northern sections of the North Sea. The report also throws doubt on those in the country that want to offset these loses by tapping into the country’s shale gas resources. The analysis claims that fracking will “barely” be viable in the UK, especially in Scotland, because of a lack of sites with suitable geology. Other problems, according to […]

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