Industry report: Scotland set for 100 year oil boom West of Shetland
Increased oil investment in Scotland’s Atlantic waters has led to a growth in the strength of Scotland’s oil and gas sector. In recent months reports have focus on the new Clair Ridge field, a massive £4.5 billion oil investment project.
A new industry report goes even further and estimates that these recent investments represent only a fraction of a 100 year oil boom for Scotland’s Atlantic Margin.
The report, commissioned by Oil and Gas People, the world’s largest oil and gas industry jobs board, with support from North Sea oil and gas industry experts, conclude that untapped oil and gas in the West Coast will last for at least 100 years, with a whole value of more than £1 trillion.
Investors Chronicle reported that politicians in Westminster were underestimating the value of Scotland’s oil and gas to…
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