Scottish West Coast untapped oil and gas reserves worth trillions
Published in Oil Industry News
on Wednesday, 3 September 2014
Scotland could be sitting on more than double the amount of oil and gas reserves currently predicted, a new independent industry investigation has found. The investigation reveals that the scale of Scotland’s untapped frontier West Coast or Atlantic Margin has been underestimated.
The investigation was undertaken by oilandgaspeople.com, the world’s largest oil and gas industry jobs board, and independent North Sea oil and gas industry experts. The investigation included interviews with industry experts and collated seismic and expert evidence from a range of independent sources such as the British Geological Survey, DECC, oil and gas companies, the Institute of Petroleum Engineering and the Energy Institute.
The findings show that the current predictions of extensive untapped reserves of oil and gas could be underestimated by 100%. The West Coast alone could provide oil and gas for at least 100 years with an estimated value of more than £1 trillion.
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