Energy conferences: North Sea reserves

There is still around half the North Sea oil and gas reserves left according to reports which may be of interest to people attending energy conferences.

Scotland's energy minister Fergus Ewing has said that it's now beyond doubt that there is almost as much North Sea oil and gas left as has already been extracted.

He added that oil and gas will be a key element of the Scottish Government's bid to "re-establish Scottish independence".

However, his comments go against a recent report from industry body Oil & Gas UK which said that there could be as little as 14 billion barrels left in the area. This means that at current extraction it could run out in 17 years.

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