U.K. crude oil production increased 2.8% during the second quarter compared with the same quarter a year ago due to the start-up of six oil fields, including the very large Buzzard field in the U.K. North Sea, the government's latest energy statistics report showed Thursday.
Total indigenous U.K. production of crude oil and natural gas to liquids increased to 19.7 million metric tons as six fields were brought online since the beginning of the year, according to the energy statistics report published by the Department for Business, Enterprise and Regulatory Reform.
The start-up of the oil fields transformed the U.K. into a net oil exporter during the second quarter of this year, exporting 0.8 million tons more than it imported of oil and oil products. The U.K. was a net oil importer in the second quarter of last year.
Overall, the U.K. consumed 4% less energy in the second quarter than the same period a year ago, broadly in line with a 5.4% drop in energy production to 46.5 million tons of oil equivalent during the second quarter of this year....MORE
HT: Energy Balance
