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2016-01-05 16:35:00

UK OIL & GAS UP 7%

UK OIL & GAS UP 7%

New statistics indicate that UK oil and gas production rose by between 7% and 8% in 2015, the first increase in production in 15 years, industry body Oil & Gas UK has said.

Though full-year figures for 2015 have not yet been released, chief executive of Oil & Gas UK Deirdre Michie said that based on actual figures for the first 10 months and expected figures for the final two months of the year, overall production levels could be as much as 8% higher than 2014.

"Government data for the first 10 months of 2015 shows that the total volume of oil and gas produced on the UK Continental Shelf (UKCS) was up 8.6 per…

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Tags: BRITAIN, OIL, GAS
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