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UK oil, gas output rises for first time in 15 years

UK oil, gas output rises for first time in 15 years

International Energy Agency: The first cut is the deepest (10 February 2017 18:46)
Azerbaijan submitted oil output data to OPEC (03 February 2017 10:46)

Date: 6 January 2016 12:51


Baku, January 6, AZERTAC
Britain's oil and gas output rose in 2015 for the first time since the turn of the millennium, the www.reuters.com website reported.
The industry group, which represents oil producers active in the North Sea such as BP, Shell or ExxonMobil, expects British oil and gas production to have risen 7-8 percent, much higher than a 3-4 percent increase it predicted in September.
Final production figures, released by the government, were not yet available but Oil and Gas UK said it had based its estimate on data for the first 10 months of 2015 and average production assumptions for November and December.

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