The North Sea area has for decades been a source of wealth and provided energy security for many Northern European countries. However, its relatively small oil and gas deposits are depleted rather quickly compared to the massive fields in, for example, the Middle East. The United Kingdom, in particular, is feeling the pinch of North Sea production declines as it loses its spot amongst the top oil and gas producers in the world. There is, however, a way for the country to reverse this decline and regain its reputation. It could increase production…
