Home » Market News » DirectorsTalk Highlights » UK offshore oil and gas production up by a fifth over past five years
Union Jack Oil

UK offshore oil and gas production up by a fifth over past five years

UK offshore oil and gas production has increased by a fifth over the last five years, following 14 years of decline.

That is according to a new report from Oil and Gas UK (OGUK), which suggests momentum is again building around exploration activity, with up to 15 exploration wells expected in 2019 and production from the UK Continental Shelf (UKCS) continuing to provide around 60% of the country’s oil and gas demand.

Union Jack Oil (LON:UJO), The directors believe that significant opportunities exist to invest in, or acquire, a company or companies or businesses or assets in the hydrocarbon sector.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.