UK oil production rose by nearly 9% on the year in the first quarter of 2019 to 1.18 million b/d, continuing a half-decade revival and beating industry expectations, government statistics released Thursday showed. The statistics from the Department of Business, Energy & Industrial Strategy showed crude production had risen by more than 11% to 1.08 million b/d, with the remaining output being natural gas liquids. “Strong production was noted from established fields as well as new production from Clair Ridge,” BEIS said, referring to the BP-led redevelopment of the West of Shetland Clair field, completed last November. “A trend observed since the middle of 2018 has also been increasing production volumes from projects that opened in late 2017,” it added. UK oil production has revived in the last five years, rising from an annual low […]