Extra three to eight billion barrels of oil could be extracted from the North Sea oilfields, Durham University expert says
(3 March 2014)
Professor Jon Gluyas, head of the department of Earth sciences, speaks to the Northern Echo about the billions of barrels of oil that could be extracted from the North Sea if significant investment was made.
Professor Gluyas agreed there is still a wealth of oil in the fields off the Scottish coast, despite them being in decline. However he stressed that investment would be needed in ageing infrastructure and new techniques such as Enhanced Oil Recovery by using carbon dioxide injection.
He also stressed that an independent Scotland would need to consider how it would meet the costs of well abandonment once the oil has been extracted.