Economic Report 2017

1

Resources

P r oduct iv e p ot e nt ial assum ing no e conom ic or t im e const r aint s Zing &ence orƉoration Tadž ;as aƉƉlied to uƉstream oil and gas Ɖroduction in the UKͿ ^uƉƉlementary harge ;a corƉorate tadž aƉƉlied to uƉstream oil and gas Ɖroduction in addition to Z& TͿ Use d for de e p w at e r dr illing. T h e y h av e b allast e d colum ns t o r e m ain on locat ion b y e it h e r m oor ing line s or dy nam ic p osit ioning sy st e m s. Use d for e x p lor at ion and de v e lop m e nt dr illing. F ie lds in t h e siz e r ange of 0 t o 5 0 m illion b oe for w h ich t h e r e is no p lan nor int e nt ion t o de v e lop a p lan b y op e r at or s ^uďsea tieͲďacŬs usually connect small reserǀoir accumulations, deǀeloƉed using suďsea trees and maniĨolds, ďacŬ to a host ƉlatĨorm for onw ar d p r oce ssing and or t r ansp or t at ion

RFCT

SC

2

Semi-submersible rig

3

Small pools

Subsea tie-back

4

UKCS

UK C ont ine nt al Sh e lf

5 6 7 8

Unconventional resources

R e sour ce s t h at ar e p r oduce d or e x t r act e d using t e ch niq ue s ot h e r t h an t h e conv e nt ional m e t h od

UOC

Unit op e r at ing cost

US Lower 48 States

All the states in the United ^tates that are adũoining E x p lor ing for oil and gas in an unp r ov e n ar e a

Wildcat well

WTO

W or ld T r ade Or ganiz at ion

9

10

11

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