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    Energy Minister: Half of Scottish Oil Reserves Yet to Be Exploited

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    Scotland on the Eve of Independence Referendum (210)
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    Scotland’s oil and gas sector is facing a bright future as half of oil reserves remain to be exploited, the Scottish Government's Minister for Energy, Enterprise and Tourism Fergus Ewing said Wednesday, commenting on a new study.

    ABERDEEN, September 10 (RIA Novosti), Mark Hirst - Scotland’s oil and gas sector is facing a bright future as half of oil reserves remain to be exploited, the Scottish Government's Minister for Energy, Enterprise and Tourism Fergus Ewing said Wednesday, commenting on a new study.

    Earlier, world leading oil expert Professor Alex Kemp, by using detailed financial modelling, predicted significant discoveries in Scottish oil sector made over the next 30 years.

    “His new predictions – based on that modelling – show a bright future for Scotland’s oil and gas sector for decades to come – with 99 new economic discoveries over the next three decades,” Ewing told RIA Novosti.

    The minister said the new findings, contained in a new paper entitled, “Illuminating the Future Potential from the North Sea”, showed that half of the remaining wealth from Scotland’s oil remains to be exploited.

    “In value terms half the wealth from Scotland’s oil remains and by grabbing the independence opportunity later this month we can put an end to poor UK stewardship of this vital resource,” Ewing said.

    “Scotland deserves better and only a Yes vote on September 18 will deliver the powers needed to get the maximum benefit from Scotland’s natural resources,” Ewing added.

    A referendum on whether Scotland should be an independent country will take place on September 18. Scots will be asked one question: “Should Scotland be an independent country?”

    An opinion poll published Tuesday by TNS BMRB revealed that Scottish independence supporters and opponents were evenly split. A survey released over the weekend by market-research company YouGov gave the pro-independence campaign a slight edge of two percentage points.

    Topic:
    Scotland on the Eve of Independence Referendum (210)
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    reserves, oil, Fergus Ewing, North Sea, Scotland
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