According to Oil & Gas People today, Premier Oil’s Catcher field off Aberdeen starts production any day now and is expected to: ‘generate significant amounts of cash next year.’
With oil prices holding up above $60 per barrel and production costs looking to fall below $15 per barrel, this and the decision by Premier to develop another field, Tolmount, next year, reinforces earlier reports of the value and life expectancy of the North Sea basin as source of wealth for an Independent Scotland in the decades to come.
See these earlier reports revealing the above to be part of a wider ‘Third Wave’ of wealth-creation in the North Sea:
We need independence to get some of this revenue for Scotland and though Indyref2 may have been delayed, it’s still on the table. Peak oil could be as far away as 2040 or even 2050. Does anyone think Indeyref2 won’t happen much earlier than that- 2021?
Footnote: there’s a field called Bagpuss, Blofeld?