North Sea oil, a tax revenue base for Britain, showing signs of life

North Sea oil, a tax revenue base for Britain, showing signs of life
London (UPI) May 14, 2013 - Oil production from the British waters of the North Sea could see its first increase in more than 10 years, a regional director for BP said. Monthly production from key field indices in the North Sea show a decline from 2.02 million barrels of oil per day in 2007 to 1.16 million bpd last year. Since January, however, production has recovered to 1.2 million bpd, BP regional vice presiden ... more

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