North Sea oil and gas potential could boost UK economy
A OEUK report has stated increased production in the region could bolster energy security.
24 June 2025
24 June 2025
A OEUK report has stated increased production in the region could bolster energy security.
The situation has escalated following threats from Kataib Hezbollah against US troops.
Since its discovery and development, Block 15-1 is reported to have contributed a large production output.
The agreement encompasses various services crucial for maintaining and enhancing the fields.
The COD shows that LNG output has reached roughly 2.4mtpa, about 90% of the plant's full capacity of 2.7mtpa.
The field currently produces 108boepd from 19 actively producing wells.
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