"The Jackdaw field would displace only 2% of the UK's current imports of gas, leaving the UK still almost entirely dependent on supplies from Norway and a few other sources."
"Even in the most optimistic scenario, Jackdaw would provide just 2% of UK demand over its nine- to 12-year lifetime, showing that new fields would do vanishingly little to boost UK gas production."
"Authorities including the UK Energy Research Centre have shown that new drilling would not reduce oil and gas prices, or improve the UK's energy security."
"90% of the UK's North Sea oil and gas has already been burned, putting the industry in steep and irrecoverable decline, with companies demanding tax breaks to tap the new fields."
Research indicates that new gas fields in the North Sea, such as Jackdaw and Rosebank, will have a negligible effect on the UK's gas import dependency. Jackdaw could only replace 2% of current imports, while Rosebank would account for just 1%. Authorities have concluded that new drilling will not lower oil and gas prices or enhance energy security. The industry faces decline, with most North Sea resources already depleted, and companies are seeking tax incentives for accessing these new fields.
Read at www.theguardian.com
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