An oil exploration firm has made what it has described as the “largest undeveloped discovery” of oil in UK waters. Hurricane Energy said one billion barrels of recoverable oil could be contained within the Greater Lancaster Area, 60 miles (97km) west of Shetland. The company hopes to begin production in 2019. The discovery is significantly larger than the average find in recent years, which has been about 25 million barrels. However, it is still a fifth of the size of the Forties field, which contains about five billion barrels – of which approximately two billion have been recovered.
BBC 28th March 2017 read more »
Times 28th March 2017 read more »
Herald 28th March 2017 read more »