03Jul / 2014
The UK Onshore Operators Group (UKOOG), the representative body for the UK onshore oil and gas industry, welcomes the announcement today of estimates of shale oil and gas in the Midland Belt of Scotland from the British Geological Survey (BGS).
The British Geological Survey has now produced three reports which estimate that the UK has a combined resource of around 1409 trillion cubic feet of gas and approximately 10.4 billion tonnes of oil in place.
Ken Cronin, chief executive of UKOOG, commented: “This report will give reassurance to investors who wish to explore for oil and gas onshore in Scotland and adds to the estimates of significant onshore resources which can help replace the UK’s growing dependency on imports and balance the decline of the North Sea. The oil and gas industry has been operating in Scotland since the 19th century and looks forward to continuing to operate safely and with the minimum of environmental impact or many decades to come.”
UKOOG is the representative body for the UK onshore oil and gas industry including exploration, production and storage. The organisation’s objectives are to enhance the profile of the onshore industry, promote better and more open dialogue with key stakeholders, deliver industry-wide initiatives and programmes and to ensure standards in safety, the environment and operations are maintained to the highest possible level. Membership is open to all companies active in the onshore industry including those involved in the supply chain.
The BGS report can be found here;