Written Evidence

The Future of the UK Oil and Gas Industry

Professor Roy Thompson of the University of Edinburgh has supplied written evidence to the Scottish Affairs Committee Inquiry (at Westminster) into The Future of the Oil and Gas Industry. This evidence comes as a follow-up to his article in The Edinburgh Geologist (Autumn 2017) on ‘Can fracking, for gas and oil, power the Scottish economy?’.  His key point is that, despite the North Sea being a geologically well-studied, mature oil-province, surprisingly large discrepancies remain over best estimates of oil and gas reserves. Estimates currently vary between 4.8 and 80 billion barrels of oil equivalent (bboe) for the UK continental shelf. This corresponds to a difference to Scotland’s economy of about $4 trillion – assuming approximately 90% of the oil lies in Scottish waters and commands an average price of $90 per barrel. His recommendation is that in order to determine the likely size of the UK’s ultimately recoverable oil and gas reserves, a poll of stakeholders be conducted, asking each to provide a quantitative, evidence-based estimate of economically viable production potential.

Written Evidence

Front cover of guide

Moine Guide – reprinted 2018

News from our Publications Sales Officer, Don Cameron is that the Moine Guide has now been reprinted.  He has a good stock of guides available for EGS members at the reduced price of £14.40.  The non-members rate is £17.99.  Please contact Don if you would like to purchase a copy.

Front cover of guide

Front cover of Moine guide

 

New_EGS GSG Perth

EGS / GSG joint trip to Perth, Saturday 30 June 2018

The annual joint field trip with the Glasgow Geological Society took place to Perth City and surrounding Kinnoull Hill on Saturday 30th June 2018. The visit was led by Con Gillen (EGS) and examined both the Devonian volcanic and sedimentary rocks (Lower Devonian) of the surrounding area. The later rocks being famous for supplying the source rock for the Stone of Destiny. In addition, the trip also included ample opportunity to see the wide range of building stones used in Perth City Centre. The large group, approx. 30 members enjoyed the expert guidance of Con (along with the impressive work of those who compiled the Perth Excursion Guide). The splendid sunny day enabled us to capture the group in the Rodney Gardens, Perth – where lunch was had. The day also ended with a lovely high tea to round off another great field excursion.

New_EGS GSG Perth

EGS / GSG Perth 30 June 2018 (by Beverly Bergman)