CNBC | Research shows oil and gas extraction in UK waters could reach $426 billion by 2050 CNBC As much as £330 billion ($426 billion) could be spent on oil and gas extraction in the North Sea by 2050, according to research published Wednesday. The report by Aberdeen University also upped forecasts for energy production in the region off Scotland ... North Sea oil and gas spend 'could still be £330bn' Report says North Sea oil and gas 'could be worth £300bn' |