SSC MTS EXAM

Detailed explanation-1: -In Europe the UK is second only to Norway in oil and gas production. Oil and gas production from the UK sector of the North Sea peaked in 1999, but the UK remains a substantial producer today. Over the last four decades, 39 billion BOE have been extracted on the UK Continental Shelf (UKCS).

Detailed explanation-2: -Norway is the main supplier of both crude oil and natural gas liquids for the United Kingdom. In 2021, some 13 million metric tons of crude oil and 1.7 million metric tons of natural gas liquids were imported from Norway. This is significantly higher than the amount imported from the second entry, the United States.

Detailed explanation-3: -Here’s why. Oil-heavy basin: The geology of the North Sea means that, after nearly 50 years of production, 70% of what’s left in the basin is oil not gas – and not the type of oil that we use in UK refineries, which means that we export 80% of it.