Rattray could hold the last great North Sea oil reserves
Vulcanism was supposed to have scuppered the oil potential of a large area of the central North Sea, but academics say it may be worth another look
North Sea operators have been urged to look again at old assumptions, after fresh analysis of historic seismic data revealed a swathe of the basin may yet hold hydrocarbon reserves. The Rattray volcanic province in the central North Sea remains largely unexplored, despite being located in one of the world's most prolific-though now mature-regions for oil and gas production. Drillers have given Rattray a wide berth in the past, because it was believed that basalt lava flows erupting within an area of 7,000 km2 (2,700 sq miles) from volcanoes active 165mn years ago had formed magma chambers. These would have prevented the existence of large oil and gas deposits today, the geological argument r
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks