NSTA Gives 1.1bn Barrel Boost To North Sea Oil Reserve Estimates
The title of this post, is the same as that of an article on Energy Voice.
As I don’t have access to Energy Voice articles, I asked Google AI what it can tell me of North Sea oil and gas reserves boost and received this answer.
North Sea oil and gas reserves have increased by 1.1 billion barrels, driven by new licensing rounds, with the North Sea Transition Authority (NSTA) reporting a 31% rise in potential resources. This boost could significantly impact the UK’s energy security and economy by potentially allowing the UK to meet half its oil and gas needs and support jobs. However, this development occurs alongside political debate over new drilling licenses and the UK’s Net Zero targets.
These are my thoughts.
Am I Using AI To Get Round The Paywall?
Some may argue that I am, but then as my tame and pleasureable lawyer has passed on, I shall leave this question to Google’s lawyers.
Although in the 1970s, I will admit to spending hours in libraries finding data and algorithms for the solution of these problems.
- The understanding of the dynamics of the sulphonation reaction, which may have led to a valuable patent.
- The linking between datasets, which may have led to the first relational database.
My searches these days, would be a lot easier with artificial intelligence.
A 31% Rise Is Very Worthwhile
This article in the Telegraph also looks at the NSTA report and these are three paragraphs.
Martin Copeland, the chief financial officer at Serica Energy, a North Sea oil and gas producer, said: “This NSTA report shows that there at least 11 billion barrels of oil and gas which could still be developed in the North Sea.
“This almost meets the amount that the Climate Change Committee says we will need before the net zero target year of 2050 of 13 billion to 15 billion barrels.
“So with the right policy changes and tax regime, the UK could effectively be self-sufficient on the oil and gas it will need and would otherwise have to import.”
The rise must surely be very worthwhile for the UK.
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