50% oil & gas North Sea boost on the UK’s table with cost savings and net zero within reach

With the United Kingdom’s government currently at a crossroads as it faces a critical decision over banning new North Sea exploration licenses or embracing a so-called science-backed approach that curbs emissions, Wood Mackenzie, an energy intelligence group, has pointed out that such a decision could reshape Britain’s energy future for decades. WoodMac also claims the UK could boost North Sea production by 50% while staying within net-zero targets.