Reserve revisions on the UKCS doom hydrocarbon output never to rise above 2 million boepd again – Rystad Energy
Hydrocarbon production on the United Kingdom’s continental shelf (UKCS) has dropped steadily since its peak at 4.3 million barrels of oil equivalent per day (boepd) in 1999, never exceeding two million boepd after 2010. Promising exploration results by Hurricane Energy in fractured basement reservoirs,…