Blogging from the Highlands of Scotland
'From fanaticism to barbarism is only one step' - Diderot

Wednesday 8 December 2004

Large oil find announced, west of Shetland

What is being described as a 'significant' oil find has been made by ChevronTexaco west of Shetland in the Faroe-Shetland channel. If this discovery proves to be as important as is thought, then it may ensure that the UK's oil production capacity does not diminish quite so rapidly as had been feared. Over the past thirty years domestic oil production has made a significant contribution to Britain's balance of payments.

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