North Sea neighbors, UK and Norway sign energy pact to develop resources - Reuters http://t.co/Bqnq1e0G Reuters26/10/2011 15:24:24 WIB
The North Sea:Basic Legal Documents on Regional Environmental Co-Operation (Basic Legal Documents on Regional En... http://t.co/A3qpGMVZ26/10/2011 17:09:11 WIB
North Sea - EU crackdown on oil firms will not extend to overseas operations - The Guardian http://t.co/GRm31uGm The Guardian26/10/2011 15:23:05 WIB
Vulcan delivers record order for North Sea gas project - http://t.co/Z95jrPuJ26/10/2011 15:20:17 WIB
North Sea oil gets a boost http://t.co/fqXrYod025/10/2011 22:42:36 WIB
The discovery team estimate that Aldous Major South now contains an estimated 900 million to 1.5 billion barrels of oil. The value of the find was significantly increased due to the relatively shallow depth the field. A Joint operation between Norwegian and Swedish firms to assess and begin development of the area now looks set to go ahead.
The news may also provide a boost to the UK’s operations in the North Sea. In recent years production has declined in the North Sea. However, a number of gas and electricity suppliers, together with some of the UK’s leading petroleum companies, have already begun to invest heavily in future North Sea oil projects. BP recently announced a £7bn investment in both the Clare Ridge scheme and the redevelopment of the Schielhallion and Loyal fields.