No 47



North Sea Liquids Production Will Peak This Year, Says Mackay

North Sea liquids production will peak this year and enter a period of slow decline, according to Mackay Consultants of Inverness. In the report Prospects for the North Sea Oil and Gas Industry 2002-2005, published in late October, the analyst predicts that Europes offshore liquids production will amount to 300mn tons in 2002, equivalent to about 6mn b/d, before declining by about 2% a...