לindustry Added Third of North Sea oil and gas likely to be left in ground Threat from depressed crude prices charted by stu Energean deal collapses Brent dropped below $25 a barrel last month for the first time in 17 years © Michal Wachucik/Equinor Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Share Save Nathalie Thomas in Edinburgh 8 HOURS AGO Print this page18 More than a third of the hydrocarbons beneath UK waters could remain in the ground if oil prices remain at depressed levels, according to a report that lays bare the extent of the crisis hitting the North Sea industry. A study co-authored by Alex Kemp of the University of Aberdeen, a respected petroleum economist, on Wednesday warned that 36 per cent of all estimated available hydrocarbons in the North Sea were likely to remain undeveloped between now and 2050 at oil prices of $35 a barrel. Brent crude is currently trading at about that level after last month dropping below $25 a barrel for the first time in 17 years.

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