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North Sea oil investment at 30-year high, industry says

Investment in the North Sea is the highest for 30 years and rising, according to a report by an oil and gas trade body.

Companies looking for offshore energy invested £11.4bn in 2012, said Oil and Gas UK, which comprises more than 320 companies active in the area.

Malcolm Webb, chief executive of Oil and Gas UK, said this would not make too much difference in the price of oil and gas for consumers.

  • 25 Feb 2013