A New Industry To Be Born From The End Of North Sea Oil

It may be small by global standards, but Britain’s oil and gas industry has far greater significance than its size suggests. Apart from providing a global oil price benchmark — Brent Crude — derived from a blend of sweet North Sea crude types, exploration techniques and production technologies pioneered in the North Sea are used around the world to extract oil from hostile environments. Whatever is done in offshore oil and gas fields around the world, the chances are it was probably done first in the North Sea. The oil and gas…

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