The UK has enough oil reserves to sustain production for the next 20 years and beyond, according to a new industry report. The Oil and Gas Authority (OGA) has estimated overall remaining recoverable reserves and resources of up to 20 billion barrels. However, it said significant investment was required in new field developments for untapped potential to be realised. The OGA said further collaboration between companies was also needed. The report describes the UK's petroleum reserves as remaining at a "significant" level. Higher price Gunther Newcombe, operations director at the OGA said: "OGA's current estimate of ... (full story)