Economic Report 2017
E C ONOM IC R E P OR T 2 0 1 7
New Field Start-Ups
New Field Approvals
12
16
Only t w o ne w Įelds ǁere aƉƉroǀed in 201ϲ, t h e low e st on r e cor d
Eine neǁ Įelds, or signiĮcant redeǀeloƉments, st ar t e d in 2016
14
10
12
2 4 6 8
10
slavorppA dlei F we N
spU tratS dlei F we N
2 4 6 8
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,OGA
Source:Oil&GasUK,OGA
Decommissioning Expenditure
Supply Chain Revenue
Sup p ly ch ain r e v e nue fe ll
4 5
2
fr om £ 41.3 b illion in 2014 t o ar ound £ 28 b illion in 2016
4 0
1. 8
1. 6
3 5
1. 4
3 0
0. 4 D ecommissioning E x penditure ( £ billion) 0. 6 0. 8 1 1. 2
10 Supply Chain R ev enue ( £ billion) 15 2 0 2 5
D e com m issioning is t h e only gr ow ing area oĨ edžƉenditure, w it h £ 1.2 b illion sp e nt in 2016
5
0. 2
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: E Y ,Oil&GasUK
Source:Oil&GasUK
4 2
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