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North Sea Production Not in Sustainable Position: Shell's Head of Upstream

ENERGY

Simon Roddy Head of Shell upstream comments on North Sea production:

  • “The UK will still need its home-produced oil and gas, which would otherwise only be replaced by likely higher-emissions imports,”
  • “There was only one major development consent for the whole of the North Sea last year. I don’t fundamentally think that’s a sustainable position.”
  • “We are certainly looking at other opportunities, particularly gas and around our infrastructure,”
  • “It’s not our expectation to be the only operator with a major approved consent in the funnel.”
  • “Production decline versus the previous year was almost 15% - clearly if that kind of trajectory continues, the North Sea continental shelf is going to decline rather quickly.”
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