• Natural Gas News

    Herald Scotland: Italian Oil and Gas Giant Hails Increase in UK Production

    old

Summary

Bucking the trend of falling production in the UK North Sea, Italian major Eni has announced that it will increase its production of liquids in the North Sea

by: Erica Mills

Posted in:

Press Notes

Herald Scotland: Italian Oil and Gas Giant Hails Increase in UK Production

An Italian oil and gas giant has bucked the gloomy trend in the North Sea by reporting an increase in production in the UK.

While experts have warned that output is set to plunge in the UK following the sharp fall in oil prices, Eni highlighted the value of its interests in the country in its fourth quarter results.

The company said production increases in four countries including the UK more than offset declines in output from mature fields in its global portfolio.

Eni did not give details of UK production levels. However, it highlighted "major increases" in the production of liquids, such as oil and gas condensate, in the UK.

Read the full article HERE.