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UK can be Leader in Multi-billion Pound Small Pools Sector

UK can be Leader in Multi-billion Pound Small Pools Sector

View all news from: National Subsea Research Initiative (NSRI)
View directory entry for: National Subsea Research Initiative (NSRI)

29 March 2016

A drive towards exploiting the millions of barrels of oil in the North Seas small oil pools could lead the UKs subsea sector to become world leaders in exploiting hard to recover oil supplies and sustain the industry for decades to come, according to a senior industry figure.

Dr Gordon Drummond, chairman of National Subsea Research Initiative (NSRI) told Energy Voice that Government support for test project targeting remote small pool deposits could provide practical help to the industry and demonstrate the effectiveness of the technology and innovation required to maximise economic recovery (MER) on the United Kingdom continental shelf and beyond.

Small pools have been defined as stranded, discovered oil or gas fields within the UKCS containing less that 15 million barrels of oil equivalent.

more [source: Energy Voice]