North Sea Oil

The headlines are full of energy shortages and the potential of UK onshore shale gas discoveries.
But what's happening in and under the North Sea where Britain's energy revolution began almost 40 years ago? Peter Day reports from Aberdeen.

There's record investment of more than 13 billion pounds this year in the North Sea oil and gas industry but production is down as the oil has become harder to extract. Aberdeen itself is booming: there is virtually no unemployment and it has become a global hub of technical expertise, with international firms specialising in the technology and equipment needed to extract the oil. The big oil companies are moving further away to the West of the Shetland Isles in search of large new fields while smaller entrepreneurial firms are exploring for, and producing, oil from the older fields. Meanwhile national oil companies from Korea and China are buying their way in through take-overs.

Producer: Caroline Bayley.

Release date:

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30 minutes

Last on

Sun 4 Aug 2013 21:30

Contributors to this programme

Malcolm Webb

Chief Executive of Oil and Gas UK

 

Alex Kemp

Professor of Petroleum Economics, Aberdeen University

 

Tim Bradbury

Deputy General Manager, Enquest

 

Trevor Garlick

Regional President for BP North Sea

 

Atholl Menzies

Chief Economist ASET International Oil and Gas Training Academy, Aberdeen

 

Chris Bain

External Relations Director for Aberdeen Harbour

 

Sir Ian Wood

Founder and Former Chairman of the John Wood Group

 

Bill Morrice

Managing Director Technip UK

 

Andrew McCallum

Director External Affairs, Dana Petroleum

 

Archie Kennedy

Managing Director,  Nexen UK

 

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