UK North Sea Oil Needs Investment to Stem Decline, Shell Says – Up Jobs News

Britain needs to keep developing new oil and gas fields in the North Sea even as it rolls out major offshore wind and carbon capture and storage projects across the country, according Shell’s UK head of upstream. 

“The UK will still need its home-produced oil and gas, which would otherwise only be replaced by likely higher-emissions imports,” Simon Roddy said in an interview. “There was only one major development consent for the whole of the North Sea last year. I don’t fundamentally think that’s a sustainable position.”

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