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Page added on May 30, 2008

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UK Gov Announces Two New North Sea Fields

As debate about the price of fuel taxes rages on in the UK and oil prices continue to rise, the government has announced plans to increase North Sea oil production with two new field developments.

The developments – West Don and Don South West – are due to start production in the first half of next year, producing up to 50,000 bopd, with total production of over 50 million barrels.

The announcements came as the government hit a recent record for oil and gas exploration interest, with 193 applications covering 277 blocks being received for the latest 25th Offshore Licensing Round, the highest number since 1974.

“High global oil prices are in part a signal that producing countries need to increase supply,” says Business Secretary John Hutton.

Offshore Technology

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