business

North Sea at & # 39; crossroad & # 39; such as drillings up to 50 years low

North Sea at & # 39; crossroad & # 39; such as drillings up to 50 years low

The revival of the oil and gas industry in Scotland could be jeopardized by a drop in exploration to new deposits with a lowest point in 50 years, reports a sector report today.

The restoration of production levels could decline again in the coming years unless action is taken to stimulate the activity.

The North Sea remains an important part of the Scottish economy, but only four exploration wells have been started in the first eight months of the year. Image: Getty

The North Sea remains an important part of the Scottish economy, but only four exploration wells have been started in the first eight months of the year. Image: Getty

Deirdre Michie, chief executive of the industrial body Oil & Gas UK, said the industry is now at a crossroads & # 39; State that can threaten plans to ensure that the North Sea remains an important energy player for the next two decades.

The sector has experienced a turbulent period in recent years, with a fall in the 2014 oil price that costs tens of thousands of jobs.

Prices have been restored to some extent and production levels are rising.

Post Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.