The North Sea Oil: New Discovery.

The news broke on Monday 27th March, that a new field of oil has been found.

http://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-39406131

Hurricane Oil has found a field in the North Sea of 1,000,000,000 barrels of oil.

http://www.hurricaneenergy.com/

They made the discovery of a huge new field:-

https://otp.tools.investis.com/clients/uk/hurricane_energy1/rns/regulatory-story.aspx?cid=773&newsid=857147

Now lets put that into context.

The world consumes 96 million barrels of oil.

https://www.iea.org/about/faqs/oil/

So Hurriane’s new field:

1,000,000,000 barrels of oil / 96 million barrels of oil a day = 10.4 days new supply of oil for the world.

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