A year ago, the Conservative government estimated that out of the 283 then active UK North Sea fields, about 65% will have ceased production by 2030. What does this policy shift mean for UK oil and gas production, and the nation’s carbon emissions? North Sea ProductionAssuming the Labour government sticks to its licensing pledge, what does the future of UK oil and gas production look like? About three quarters of UK energy comes from oil and gas, 40% of which is currently imported, according to Offshore Energies UK. “Evidence on new UK oil and gas production is not clear-cut,” according to the Climate Change Committee.

Source: The North Africa Journal July 19, 2024 11:54 UTC