Vast shale deposits are beckoning, but the geology needs to work.
Having produced dozens of discoveries from the basin during the past four decades, including the Buzzard and Golden Eagle fields, more must be done to unearth its remaining riches.
Delek Drilling says the discovery in Block 12 – based on the latest data available from the Aphrodite-2 well in License Area 370 (Ishai) – is still under study for various development options.
Collaboration is vital if the U.K. North Sea is to survive and prosper, Sir Ian tells delegates.
With the government and industry calling for more collaboration to help revitalize the U.K. offshore sector, the Glenlivet project in the West of Shetland region is showing the way.