Is The UK Oil and Gas Sector In Trouble?

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The world’s supply of oil and gas has been hit hard in the past decade, but no other nation has felt the effects of this shortage more than the UK.

The UK’s gas and oil reserves, both existing and potential, have dropped more than 40%, from 9.2bnboe to 5.25bnboe, in the past two years, according to Oil and Gas UK.

Although 11bnboe have been discovered since 2008 (an increase of 15%), an investment of 60 billion Pounds is required to More