January 30, 2018
Welcoming news today that Spirit Energy is to drill a new well in the Chiswick field in the Southern North Sea, Oil & Gas UK Chief Executive Deirdre Michie said:
'Spirit Energy's announcement provides evidence that recent merger and acquisition activity is driving much needed capital investment into the UK Continental Shelf.
'Its infill well in the Chiswick field adds more momentum behind efforts to increase recovery from the basin, highlighting the continued appeal of investment in brownfield reserves which we expect to see more of throughout the year.'
Ends
Notes to Editors
Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar on 01224 577343 / ncoupar@oilandgasuk.co.uk
Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
The UK Oil and Gas Industry Association published this content on 30 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 January 2018 14:19:06 UTC.
Original documenthttp://oilandgasuk.co.uk/oil-gas-uk-welcomes-spirit-energy-chiswick-field-investment/
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