Offshore staff
(Aberdeen) BP's latest sidetrack/appraisal well on the Clair field, west of Shetland, was also the 10,000th well drilled offshore the UK. CDA, the oil and gas data management services company which monitors the sector's exploration's drilling activity, confirmed this statistic � the UK's first offshore well was spudded in 1964.
The UK Offshore Operators Association, which owns CDA, points out that since that time, the sector has produced 35 bbl of oil and gas, with over £330 bn invested, and £215 bn resulting to the UK Treasury in tax revenues. Malcolm Fleming, CDA's chief executive, claimed there could be a further 27 bbl of UK reserves waiting to be recovered.
10-16-2006
