Britain’s North Sea in mini-revival

(REUTERS) Britain’s North Sea, an oil province in long-term decline, is going through a mini-revival, according to research that shows the number of wells drilled, deals signed and new fields coming onstream all climbed during the second quarter of the year.

Drilling for oil and gas in waters off Britain jumped by 64 percent in the three months to June 30 compared with same period last year, a study by Deloitte found, with 18 exploration and appraisal wells drilled in total.

"...extension and change in field tax allowances should encourage further exploration." (picture credit Simon Johnston)

Read full article by Sarah Young in REUTERS