No. 19



North Sea Oil Production To Grow By Only 150,000 B/D In 1998, Says PIRA

North Sea oil production is expected to reach 6.3mn b/d in 1998, registering a growthof around 150,000 b/d over 1997, according to the New York-based PIRA Energy Group. Thissmall rise is in marked contrast to the earlier pattern in the 1990's when annual NorthSea growth averaged around 400,000 b/d with a peak growth of 900,000 b/d in 1994 (seeoverleaf). According to PIRA, the relatively low...