Flora MaDonald Posted October 23, 2014 Share Posted October 23, 2014 I really didn't see that one coming. Maximum rate - 5350 barrels per day. Quote Link to comment Share on other sites More sharing options...
perthTam Posted October 23, 2014 Share Posted October 23, 2014 More info here Quote Link to comment Share on other sites More sharing options...
hampden_loon2878 Posted October 23, 2014 Share Posted October 23, 2014 They know far the oil is is, but it wil only be drip fed into production so that scotland does not realise how much of it there is Quote Link to comment Share on other sites More sharing options...
Khana Lagur Posted October 23, 2014 Share Posted October 23, 2014 BP reveal the truth in their nice new giant billboard ad on the approach to the terminal at Edin Airport. "In the North Sea, life begins at 50. After half a century we're still discovering more vital resources for the UK." Any updates from Sir Ian? Quote Link to comment Share on other sites More sharing options...
usainboltyarocket Posted October 23, 2014 Share Posted October 23, 2014 If anyone is surprised at some of the post referendum news stories then they are off their heads. UKIP winning seats, prime minister turning devo for Scotland talks into talks about England, powers likely to be nothing great despite the promise and surprise surprise there's more oil. Anyone who voted no deserves UKIP and more austerity. cnuts Quote Link to comment Share on other sites More sharing options...
scotlad Posted October 23, 2014 Share Posted October 23, 2014 Is this oil more or less volatile than the oil we had before? Quote Link to comment Share on other sites More sharing options...
weekevie04 Posted October 23, 2014 Share Posted October 23, 2014 BP reveal the truth in their nice new giant billboard ad on the approach to the terminal at Edin Airport. "In the North Sea, life begins at 50. After half a century we're still discovering more vital resources for the UK." Any updates from Sir Ian? Is that next to the ''This is home'' ad from RBS with Edinburgh Castle in the background. Zip up the back, we certainly do. Quote Link to comment Share on other sites More sharing options...
Jacobite Posted October 23, 2014 Share Posted October 23, 2014 Is this oil more or less volatile than the oil we had before? Its not the right kind of oil unless we stay in the UK,its useless if we even think about independence again. Quote Link to comment Share on other sites More sharing options...
ShedTA Posted October 23, 2014 Share Posted October 23, 2014 We don't need the oil. It's not good for our economy. We should forget about it and focus on our subsidies from Westminster. Quote Link to comment Share on other sites More sharing options...
The Laud Posted October 23, 2014 Share Posted October 23, 2014 BP and sir ian wood absolute scumbags. Quote Link to comment Share on other sites More sharing options...
exile Posted October 23, 2014 Share Posted October 23, 2014 The ad at the top of my page is for Europe Oil and Gas Training. what next? He Ha Ha, lots of lovely OIL for the UK! Buy British, loyal TAMBers!!! Quote Link to comment Share on other sites More sharing options...
Flora MaDonald Posted October 23, 2014 Author Share Posted October 23, 2014 Nice to see the State Broadcaster refers to the find as being in the UK Central North Sea. We must easily be the thickest, most stupid cou... region in the world. Quote Link to comment Share on other sites More sharing options...
exile Posted October 23, 2014 Share Posted October 23, 2014 The ad at the top of my page is for Europe Oil and Gas Training. what next? He Ha Ha, lots of lovely OIL for the UK! Buy British, loyal TAMBers!!! Well it's now Russian Senior Dating for Men. Quote Link to comment Share on other sites More sharing options...
Toepoke Posted October 23, 2014 Share Posted October 23, 2014 Anyone who voted no deserves UKIP and more austerity. bunny rabbits Austerity won't matter to most of them though. Especially the ones who work in the oil industry... Quote Link to comment Share on other sites More sharing options...
Clyde1998 Posted October 23, 2014 Share Posted October 23, 2014 Is this oil more or less volatile than the oil we had before? It's not volatile at all... Quote Link to comment Share on other sites More sharing options...
deecie Posted October 23, 2014 Share Posted October 23, 2014 Oil is currently worryingly cheap. Damn Saudis. Quote Link to comment Share on other sites More sharing options...
King Of Paisley Posted October 23, 2014 Share Posted October 23, 2014 Good. It means filling the car up for much less. Quote Link to comment Share on other sites More sharing options...
Toepoke Posted October 23, 2014 Share Posted October 23, 2014 It's not volatile at all... Aww feck, does this mean we shouldn't devolve onion revenues?... Quote Link to comment Share on other sites More sharing options...
Guest flumax Posted October 23, 2014 Share Posted October 23, 2014 From the map shown on reporting Scotland it looks like the field might be in "English" territorial waters http://upload.wikimedia.org/wikipedia/commons/thumb/1/1f/UK_exclusive_economic_zone.jpg/250px-UK_exclusive_economic_zone.jpg Quote Link to comment Share on other sites More sharing options...
hampden_loon2878 Posted October 24, 2014 Share Posted October 24, 2014 Its in scottish waters Quote Link to comment Share on other sites More sharing options...
Guest flumax Posted October 24, 2014 Share Posted October 24, 2014 Its in scottish watersI'm with you, but rather making the point that the BBC map marker looks like it's not. Quote Link to comment Share on other sites More sharing options...
Guest flumax Posted October 24, 2014 Share Posted October 24, 2014 Quote Link to comment Share on other sites More sharing options...
Charlie Endell Posted October 24, 2014 Share Posted October 24, 2014 (edited) Good. It means filling the car up for much less. Not good. Cheaper petrol means more cars on the road. I like the highway to myself. Edited October 24, 2014 by Charlie Endell Quote Link to comment Share on other sites More sharing options...
hampden_loon2878 Posted October 24, 2014 Share Posted October 24, 2014 Could the snp put foward plans for an oil fund in the on goin negotiations, i am surprised this has not ben suggested Quote Link to comment Share on other sites More sharing options...
DYLANGT7 Posted October 24, 2014 Share Posted October 24, 2014 Problem is, in genral an "Oil find" means nothing - theres a massive disconnect (in time and propability) of turning an Oil Find into an Oil Fund, especially in the North Sea. We could have an Oil find like this everyday for another ten years and it still wouldnt make it profitable for anyone to actually build the infrastructure to extract it and create any tax revenue for us. At current Brent Oil prices, if we could get all the provable oil out the North Sea and then decommision all the assets to the required standard we would still be faced with a massive loss of billions. Problem is the more oil finds we have (even if they arent turned into extracted oil) helps to keep the price below the magic $100 a barrell (or whatever is s these days) the industry needs to actuallymake a profit on the stuff. Hence a Oil Find means very little Quote Link to comment Share on other sites More sharing options...
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