Twilight years: is the UK entering its last decade of oil and gas production?

The Edinburgh Geological Society was formed in 1834 with the aim of stimulating public interest in geology. Issue 62 of its magazine, The Edinburgh Geologist , published in October, certainly did that. It contained a report by Edinburgh University that predicted the UK’s oil and gas reserves could run out in as little as a decade, that fracking is not viable in Scotland and barely feasible in the UK thanks to a dearth of suitable geology, and that the UK will soon have to import all its oil and gas. Professor Roy Thompson of Edinburgh University’s School of Geosciences also concluded that only 10% of the UK’s original recoverable oil and gas remains, roughly 11% of oil and 9% of gas resources. Deirdre Michie, CEO of industry body Oil & Gas UK responded that some of the largest fields in the North Sea would still be producing in 2050. […]

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