Half of UK oil and gas demand can be produced at home, says industry body

UK Could Cover Half of Its Energy Needs With Local Oil and Gas

The UK could produce about half of the energy it consumes locally, in the North Sea, the energy industry association, Offshore Energies, said this week, as quoted by the Financial Times. For that, however, the industry needs the “right business conditions”. Offshore Energies UK said that local energy production was estimated at some 2 billion to 3 billion barrels of oil equivalent until 2050, under the government’s net-zero plans, which estimate…

Half of UK oil and gas demand can be produced at home, says industry body

North Sea could produce an extra 2bn to 3bn barrels with ‘right’ levers, forecasts Offshore Energies UK

North Sea could produce half of all UK oil and gas in run up to 2050 – report

Industry body Offshore Energies UK made the claim in a new report.

UK Can Meet Half Its Oil, Gas Needs With Right Steps, Lobby Says

The UK could supply half of its oil and gas consumption from domestic sources by 2050 if the right policies were in place, according to the industry lobby group.

UK could cover half of its energy needs with local oil and gas – Oil & Gas 360

(Oil Price) – The UK could produce about half of the energy it consumes locally, in the North Sea, the energy industry association, Offshore Energies, said this week, as quoted by the Financial Times. For that, however, the industry needs the “right business conditions”. Offshore Energies UK said that local energy production was estimated at some 2 billion to 3 billion barrels of oil equivalent until 2050, under the government’s net-zero plans, w

The United Kingdom has domestic production capacity to cover half of the estimated oil and gas requirements for 2050 in a range of 13 to 15 billion barrels of hydrocarbons by the Independent Climate Change Committee.