Economic Report 2017
1
Capital Investment
Unit Development Costs
3 5
16
aƉital eĸciency im p r ov e m e nt s and edžecution oĨ smaller Ɖroũects haǀe driǀen t h e av e r age cost of ne w de v e lop m e nt s t o around Ψ1ϯͬďoe in 2016
C ap it al e x p e ndit ur e w as άϴ͘ϯ ďillion in 201ϲ, dow n fr om a h igh of £ 15 b illion in 2014
14
3 0
2
12
2 5 )eob/ $ ( stsoC tnempoleve D tinU
10 )noillib £ ( erutidnepx E latipaC
2 0
2 4 6 8
15
3
10
5
0
0
2 013
2 014
2 015
2 016
2 017
2 018
2 013
2 014
2 015
2 016
2 017
2 018
Source:Oil&GasUK
Source:Oil&GasUK
4
5 6 7 8
Operating Expenditure
Unit Operating Costs
Unit oƉerating cost s h av e h alv e d since 201ϰ, doǁn to Ψ1ϱͬďoe in 2016
OƉerational e x p e ndit ur e fe ll t o ar ound £ 7 b illion in 201ϲ, a ϯ0 Ɖer cent reduction since 2014
3 5
12
3 0
10
)noillib £ ( erutidnepx E lanoitarepO
2 5
)eob/ $ ( stsoC gnitarepO tinU
2 4 6 8
2 0
15
10
5
0
0
2 013
2 014
2 015
2 016
2 017
2 018
2 013
2 014
2 015
2 016
2 017
2 018
Source:Oil&GasUK
Source:Oil&GasUK
9
10
11
4 1
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