The answer is rather more interesting than you might have thought
Very interesting look beyond the headlines of UK oil production. Thank you
Hi - Cambo won't be heavy, rather similar to Lancaster. Light but non-standard. Which somewhat destroys your UK refinery argument.
I've (sic) produced millions of bbls of UK crude and never sold a bbl to the UK
And if you want to get nerdy; most of these bbls were not produced for tax purposes in the UK - when we drill a well consumables are exported beyond the 12 mile line. If unused brought back to a bonded warehouse...
Still pay tax to the Exchequer
great piece. have to say i'm still left a little unsure on what a 'mature declining basin' really is. but seriously, really enjoy your work, thank you