The UK has “significant petroleum reserves” which could sustain production for at least the next two decades, according to a new report. The Oil & Gas Authority (OGA) estimates the overall remaining recoverable reserves and resources range between 10 to 20 billion barrels of oil equivalent (BOE). It estimates there are approximately 5.7 billion BOE of proven and probable UK reserves…

Source: Untapped reserves could sustain UK oil production for the next 20 years