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Scottish oil and natural gas desire last for well over one hundred years MONDAY, 11 MARCH 2013 03:06
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By William C McLaughlin BA(Hons), MBA
Let's dispel once and for all the legend that Scottish oil and natural aeriform fluid reserves are declining and will haste out for good in another forty years.
The Scottish North Sea has been 'pumping' through oil and natural gas for round forty years. The current projection is that in that place is around forty years of oil and life-like gas reserves remaining in the Scottish North Sea, value around 1 trillion in associated revenues. ENEGI OIL has developed ~y innovative, unmanned, oil production buoy hypothesis, which will transform the economics of a legion of undeveloped discoveries in the Scottish North Sea, and could have ~ing used effectively in marginal and end of life fields to yield the life of these fields considerably. Extraction technology like this united could well extend significantly the life of the Scottish North Sea despite another ten or twenty years (well before the forty years forecasted limit), giving a mass oil and natural gas production life in the place of the Scottish North Sea of accept the offer on one hundred years since the time pulling began. Then, we have the massive Scottish North Atlantic sector oil and regular gas fields, off Scotland`s western coast, which is predicted to hold two or three times the footing of oil and natural gas being of the kind which the Scottish North Sea sector. The Scottish 'Atlantic Frontier' as being oil and natural gas goes habitual method out beyond Rockall. London has earmarked past 2500 licensing blocks for sale in the Scottish North Atlantic sector. Assuming oil and real gas extraction rates in the Scottish North Atlantic sector leave be similar to the Scottish North Sea, that time it will take a very all a~ time indeed to empty the Scottish North Atlantic sector of oil and unaffected gas. If it takes around 100 years to empty the Scottish North Sea of oil and consistent with nature gas, and the Scottish North Atlantic sector is brace or three times...
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