Report claims North Sea oil and gas grossly undervalued

Posted on 18 Aug 2014 by Callum Bentley

North Sea oil and gas revenues could be grossly undervalued by the UK economic watchdog, according to a new report.

The new report by self-proclaimed “apolitical business organisaiton”, N-56, values the NorthSea oil and gas sector almost six times higher than currently stated. N-56 was founded by Dan Macdonald, a member of the advisory board for pro independence campaign organisation, Yes Scotland. Both the Scottish and UK Governments have been using the future value that…

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