http://www.dailymail.co.uk/news/article-1106382/Europe-plunged-energy-crisis-Russia-cuts-gas-supply-Ukraine.

html
http://www.reuters.com/article/2014/10/01/ukraine-crisis-gas-idUSL6N0RV1BY20141001
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/11122585/Vladimir-Putin-is-using-winter-as-a-weapon-says-Ukraine-prime-minister.html
http://www.theguardian.com/world/2014/jul/28/western-sanctions-russia-european-us-putin
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/11122585/Vladimir-Putin-is-using-winter-as-a-weapon-says-Ukraine-prime-minister.html
http://www.hw.ac.uk/news-events/news/shell-joins-research-proj-expl-use-co2-eor-n-sea-16605.htm
http://www.sccs.org.uk/news/2013/05/23/centre-for-north-sea-oil-expertise-set-to-boost-jobs-and-growth
 North Sea Reserves
• Of the approximate 1,400 exploration wells, 490 have been oil and gas discoveries
representing a 1:3.5 success rate.

• Top 3 largest production oil fields in UK (2013):

1. 2007 Buzzard (176,000 bbl per day)
2. 1975 Forties (42,000 bbl per day)
3. 1997 Captain (29,000 bbl per day)

• Production of oil and shale can be begin within a few years

• Reduced dependence on Russia

• Independence of Scotland = increase interest in the North sea oil field

• New oil extraction technology (EOR) can increase the life of the wells = 75% increase in
production