Half of the oil and gas the UK needs in the next 25 years could come from the North Sea – but there’s a warning it’ll only be achieved if undeveloped fields are given the go-ahead.
Industry body OEUK says firms could extract seven billion barrels before 2050 – but have called on the UK Government to look again at tax and policy.
However environmental groups say a lot of that additional oil would be exported and won’t benefit UK households.
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