‘Very large…transformational’ oil find in Moray Firth yet Edinburgh prof said North Sea oil was finished
Somewhat hidden down the ‘page’ in Insider magazine today and nowhere in Scotland’s NoMedia: Chief executive Majid Shafiq said: “The discovery of the Serenity oilfield, a potentially very large oil resource, is a transformational event for i3 Energy plc. We now have proven oil in a second structure on our licenses. It is the culmination of three years of detailed geological and reservoir analysis and validates our regional model for the Liberator and Serenity oilfields and neighbouring structures. London-based i3 said it it now expects to produce 63 million barrels in phase one and is targeting 396 million barrels in … Continue reading ‘Very large…transformational’ oil find in Moray Firth yet Edinburgh prof said North Sea oil was finished
