OGUK cites possible production increase for 2015

Oil & Gas UK says production from the UK Continental Shelf could increase this year for the first time in 15 years (OGJ Online, July 31, 2015).

OGUK Chief Executive Deirdre Michie cited “provisional” figures from the Department of Energy that showed liquids production for the first half of 2015 “up around 3%” and net gas production “up around 2.5%.”

Production in the second quarter “looks particularly encouraging” with early figures suggesting that May had the most production since March 2012, she said.

OGUK believes the improved performance is partly due to the Golden Eagle field, which started producing last November (OGJ Online, Nov. 3, 2014).

“We will be able to discuss annual estimates with more certainty by the end of the summer maintenance season, as figures for July and August are historically the most uncertain,” she said.

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