Oil and Gas Production on the Rise
Posted on: 03/08/2015

Industry body Oil and Gas UK have announced that UK oil and gas production will rise this year, the first time this has happened in fifteen years.

They have made these assumptions based upon the preliminary figures from the Department for Energy and Climate Change (DECC) which suggests that production from the North Sea and other UK waters may be up to 2.5 per cent higher than the same time last year.

Oil and Gas UK said oil and gas production in the second quarter “looks particularly encouraging”, and shows that oil production has reached the highest level since 2012.

Deirdre Michie, chief executive of Oil and Gas UK, said: “It’s still early days but initial indications suggest that production could increase this year for the first time in 15 years.

“Clearly the oil price- which has more than halved since this time last year- continues to really challenge the industry.

“However, this positive news can indeed be attributed to the effort and investment industry has put into improving the integrity and performance of assets.”

She continued: “Clearly the oil price- which has more than halved since this time last year- continues to really challenge the industry.

“However, this positive news can indeed be attributed to the effort and investment industry has put into improving the integrity and performance of UKCS assets.”

With oil and gas production on the rise, opportunities in the oil and gas sector are also increasing. Please click here for a list of our current vacancies in the industry.

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