Tax or Technology? The Revival of UK North Sea Oil Production

Oil production in the UK North Sea reached a peak of 2.63 million bld in 1985. As widely predicted in the 1970s and early 1980s, output then declined sharpty, down to 1.8 million bld in 1991. The surprising feature of subsequent production development was a resumption of growth after the 1991 trough to a new peak of 2.49 million bid in 1995.

By: S. Martin

Latest Tweets from @OxfordEnergy

  • Changes to the ‘Dated Brent’ benchmark: more to come https://t.co/gW10n8rPMi

    March 21st

  • New OIES paper looks at LNG projects vying for FID in 2019-20, reviews 5 areas, costs and competitiveness, and the… https://t.co/pz3UDcUcQU

    March 20th

  • Outlook for Competitive LNG Supply https://t.co/qmG43CklMw

    March 20th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.