Dominic
29.4K posts

Dominic
@domyates
Pilot. Tottenham Season Ticket Holder. Shelf. #COYS 🇬🇧

Extracting from a mature basin requires investment and the technical expertise of the producers that have been painted as 'evil' in the UK. Norway knows this. Despite the basin’s maturity, Norway never stopped drilling, averaging forty-five exploration wells annually. In 2025, Norwegian production surged to its highest level since 2009 — the lucrative result of a record $24.68 billion investment that returned roughly $90 billion in exports. Today, the sector serves as the bedrock for 20% of Norway’s GDP and sustains 200,000 people. Britain still has its own reserves. The collapse of British exploration is a policy-driven crisis, not a geological one. By suffocating North Sea producers with a 78% effective tax rate via the Energy Profits Levy, Britain rendered long-term capital investment impossible. The result is a historic standstill. In 2025, for the first time in sixty years, not a single new exploration well was drilled in British waters.


Diversity barriers resting on top of a rainbow crossing. This picture perfectly sums up the UK in 2026.

























