Prof Kemp to deliver more bullish North Sea production forecast

Post Thumbnail

Top petro-economist Alex Kemp will soon deliver a more “bullish” forecast for North Sea oil production out to 2050.

The Aberdeen University professor said higher than expected Brent crude prices and lower costs meant existing predictions could be too conservative.

His last study estimated that nearly 11 billion more barrels of oil would be produced between 2017 and 2050 with Brent around $60 per barrel.

Read more on Energy Voice here.