Two oil companies are to invest in North Sea oil fields to boost production, it was announced at the Offshore Europe exhibition in Aberdeen, Scotland.
ExxonMobil is to step up activity in the Beryl field in the northern North Sea, increasing the workforce.
The move by the oil giant and its partners will see an investment of about $200m in the project, according to a report by the BBC.
Meanwhile, Abu Dhabi-owned Taqa announced two new oil finds in blocks it recently bought from Shell near the Tern oilfield.
The finds are on a small scale, with the larger at an estimated 25 million barrels. The drilling of four wells is planned for next summer.