Assessing the future of North Sea oil and gas

        April 21, 2016 Crystol Energy | North Sea | fossil fuels: oil

Despite a recent uptake from deep offshore drilling, once considered “unconventional,” North Sea oil production peaked around the year 2000 after almost 3 decades, resulting in smaller, more expensive, and technically challenging returns for its two main producers, Norway and the UK. UK gas also peaked in 2000 though Norwegian gas is still increasing.