Research and Markets (http://www.researchandmarkets.com/research/286nhc/oil_and_gas) has announced the addition of the "Oil and Gas Industry in Europe" report to their offering.
The European continent has a well placed access to both oil and gas. Europe is the world's fourth largest producer of oil and gas, with the North Sea basins containing the largest oil and gas reserves in Europe.
With production of oil and gas hitting a decline in the last couple of years, the European oil and gas industry is expected to witness a recovery starting from 2011. Major investments in new technology has prolonged the field life and recovery factors of the North Sea fields and added to the production of the industry.
Apart from new technologies, appropriate regulatory policies and competitive fiscal regimes have also encouraged new investment in the European oil and gas industry, and have added life to the oil and gas production of Europe.
With the upstream oil and gas industry playing a big role in the contribution to GDP, the European oil and gas industry has definitely increased the security of product supply in the continent, apart from providing several employment opportunities.
Source: Business Wire
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