Sunday January 29, 2006

UK oil production continues to decline

peakoil.com -> irna.ir :

British oil production continues to highlight the increasing maturity and depletion of North Sea fields in its sector by maintaining its rapid decline, according to the Royal Bank of Scotland. In its latest monthly index, the bank reported that the combined daily average output for oil and gas production in November was down 7 percent on the month and 14 percent compared with a year ago.

Oil production decreased by 125,000 barrel per day (bpd) to 1.5 million bpd compared with October and by 238,000 bpd compared with November 2004. The UK production of gas, which is also in decline, recorded similar falls of 7 percent on the month and 14 percent on the year. Oil and gas production from the North Sea has been in decline since 1999.

See also :

1. UK Oil Production Down 12.8%
2. UK oil output : running on empty?
3. North Sea gas drying up faster than hoped
4. Peak Oil - The pressure mounts

(2006-01-29 09:18:13 SGT) [Energy] Permalink

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