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Satellite oil fields committed for development today could account for as much as 20% of U.K. offshore oil production soon. (Brief Article)
Satellite oil fields committed for development today could account for as much as 20% of U.K. offshore oil production soon, says Smith Rea. Satellites now represent about 14% of U.K. offshore oil output.
"It is already possible to envisage a time when the majority of U.K. production will come from satellite fields," says Smith Rea. "Some 300 undeveloped discoveries on the Northwest European continental shelf area have been …
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