Oil and gas production will continue in the North Sea for decades, the chairman of Shell UK has forecast.
Ed Daniels wants to set something straight. “There’s a misperception that oil majors, Shell included, are not particularly interested in the North Sea,” says the chairman of Shell UK. Photo: Ralph Hodgson
By Andrew Cave: 5 August 2013
Ed Daniels says in an interview in The Daily Telegraph that the UK arm of Royal Dutch Shell, will continue to have a major presence in North Sea production, despite suggestions by commentators that the larger companies will wind down their activities, leaving the area’s mature oil and gas fields to niche specialist players and sovereign wealth funds.
“There’s a misperception that oil majors, Shell included, are not particularly interested in the North Sea,” Mr Daniels said. “Actually, that’s just not true. We at Shell are a big North Sea producer today, representing 14pc of UK oil. read more
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