The Conversation (0)
Potential $4.3 Billion to be Generated for Scotland from Carbon Capture for Oil
Nov. 13, 2012 09:59AM PST
Oil and Gas InvestingThe use of carbon dioxide to increase oil extraction could potentially generate as much as 2.7 billion pounds ($4.3 billion) for Scotland’s economy provided policies to support the technology are in place, a report showed.
The use of carbon dioxide to increase oil extraction could potentially generate as much as 2.7 billion pounds ($4.3 billion) for Scotland’s economy provided policies to support the technology are in place, a report showed.
As quoted in market news:
With more than half of the value of the North Sea’s oil and gas reserves yet to be extracted — up to 24 billion recoverable barrels with a potential wholesale value of 1.5 trillion pounds — oil and gas will remain an enormous economic resource for decades.