Scotland: Major new oil discovery found off Shetland

Oil exploration firm, Hurricane Energy, has made a large undeveloped discovery of oil in Scottish waters. Its is estimated that one billion barrels of recoverable oil could be contained in an area located 60 miles (97km) west of Shetland. It is thought that up to 20 billion barrels of oil equivalent remains under the North Sea and in the wider basin. Paul Wheelhouse, Scottish National Party MSP for South Scotland, and Minister for Business, Innovation and Energy has welcomed the news and that this along with other finds, demonstrated Scotland's oil and gas industry has a bright future, for decades to come.