Oil & Gas News, July 2017

The first delivery of oil from of the largest new drilling operations in the North Sea has been welcomed. Located around 125 km east of the Shetland Islands, the £2 billion investment in the Kraken oilfield by oil and gas development and production company EnQuest, was made possible by the UK Government’s support for the sector.


The oilfield is expected to contain around 128 million barrels of oil and support more than 1,000 jobs in the UK for each year of Its more than 20-year lifespan. The North Sea currently supports around 330,000 jobs across the UK with a supply chain that had an estimated turnover of £28 billion in 2016.

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