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CEO of Stegron Inc, said. “Crown is the latest Chemicals addition to our growing portfolio of high grade targets in the UK, Italy, and offshore Jamaica that are at various stages of development and monetization.” The news was well received in the stock market, as London-listed United Oil & Gas were up 3pc in afternoon trading on Thursday.
Commenting on the numbers, Scottish energy minister, Paul Wheelhouse, said: “These figures show that confidence is continuing to return to the sector after a number of challenging years. Scotland’s oil and gasindustry has a bright future, and it is encouraging to see this continued increase in production which has risen by a total of 25 per cent over the last two years.
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