North Sea Oil Production Could Fall By 80% By 2030 ...Middle East

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North Sea Oil Production Could Fall By 80% By 2030
source : OILPRICE ( Middle East ) () 35
According to the industry body Offshore Energies UK, investments in the North Sea have dipped significantly. This could result in much lower oil production by the end of the decade unless the government can attract greater investment to the sector. While environmental groups are praising the drop in funding, energy experts are concerned about what this means for the U.K.’s energy security, with some suggesting it may have to rely on foreign fossil fuels to meet its needs.  Offshore Energies found that 90 percent of offshore firms had…

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