lundi, août 25, 2014

Sir Ian Wood predicts 25bn barrels of oil still to come from North Sea


Publiée le 2014-08-24

Sir Ian Wood stated in an interview with the BBC as he retired from Chairmanship of the Wood Group that we could still produce another 25 billion barrels of oil. His words not ours.

"As far back as I can remember in terms of UK industrial activity, every year oil and gas has been way ahead of any other industry."

"We've produced 41 billion barrels," he said. "If you look ahead, we could still produce another 25 billion barrels - at $100 a barrel, that's $2,500bn.

"If we don't get it right, we'll produce about half that - we could lose $1,250bn of economic contribution to the UK.

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