Declining North Sea Oil Patch Could Make Way For Geothermal Boom

Oil and gas fields in Europe’s North Sea are in terminal decline. Last year, the oil basin produced 34 m tonnes of oil, its lowest since production in the North Sea was established in the 1970s. Scores of Big Oil companies have been pulling out of the aging oil basin, with production expected to continue shrinking despite the UK government recently issuing a raft of licenses since Russia’s invasion of Ukraine. And now Europe’s scientists are looking into ways to put into good use all that oil and gas infrastructure. Researchers…