Welcoming news today that Spirit Energy is to drill a new well in the Chiswick field in the Southern North Sea, Oil & Gas UK Chief Executive Deirdre Michie said:
“Spirit Energy’s announcement provides evidence that recent merger and acquisition activity is driving much needed capital investment into the UK Continental Shelf.
“Its infill well in the Chiswick field adds more momentum behind efforts to increase recovery from the basin, highlighting the continued appeal of investment in brownfield reserves which we expect to see more of throughout the year.”
Notes to Editors
Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar on 01224 577343 / [email protected]
Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.