Investment to boost oil sector

The UK will be one of the top six global destinations for oil and gas industry investment this year, according to a report by energy sector adviser GL Noble Denton.

The wave of investment will mean new technologies such as the use of real-time computer images of a well during drilling becoming mainstream during 2013, helping to realise the full potential of Britain’s mature ­reserves.

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But the group is the latest to warn that acute skills shortages and an ageing workforce are threatening to take the edge off the North Sea revival.

The issue is now seen as the number one barrier to oil and gas industry growth.