UK North Sea Oil Output Below 1MBD - 36.4% Of 1999 Production Peak Of 2.7 MBD

[hatrack]

UK’s oil output from the North Sea registered a 16 % plunge from April to June, being the largest drop since 1995, the Department of Energy and Climate Change said yesterday.

According to the industry data, the British sector of the North Sea pumped just 984,000 barrels per day of oil in June, down from about over 1 million barrels per day in May and a peak of more than 2.7 million barrels per day in 1999.

The officials from The Department and Climate Change put the declining output as a cause of "maintenance and other production issues".

The British oil reserves are gradually depleting and cost more and more each year to maintain and operate.

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