UK oil and gas production rose more than seven per cent in 2015, predicts Oil & Gas UK (Scandinavian Oil-Gas Magazine)

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UK oil and gas production rose more than seven per cent in 2015, predicts Oil & Gas UK

Published Jan 5, 2016

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Oil & Gas UK’s chief executive Deirdre Michie welcomes confirmation of the first rise in oil and gas production for over 15 years but warns that the industry will be extremely challenged to sustain this into 2016 and beyond.

Deirdre Michie stated,“Government data for the first 10 months of 2015 shows that the total volume of oil and gas produced on the UK Continental Shelf (UKCS) was up 8.6 per cent compared with 2014, with the production of liquids up 10.6 per cent and gas up 6.1 per cent.

“Output in November and December tends historically to be more stable, but even so, Oil & Gas UK now expects year end production for the full year of 2015 to be seven to eight per cent higher than last year.”

Tags: Oil & Gas UK

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