A collaboration of UK firms has made one of the largest North Sea oil field discoveries in nearly a decade, the Scotsman reported on Monday 28 June. It said the group––consisting of Encore Oil, Premier Oil, Wintershall, Nautical Petroleum and Agora Oil & Gas––estimated the Catcher prospect, off the east coast of Scotland, holds 300mn barrels of oil. Further drilling will confirm if the discovery is part of a single larger petroleum system, comprising 800mn barrels.
Scotsman
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