OGUK Business Outlook 2021
BUSINESS OUTLOOK 2021
Operating Expenditure (continued)
Figure 7: Unit Operating Costs – Actual and as a Proportion of Oil Price
60
Unit Operating Costs (£/boe)
Unit Operating Costs ($/boe)
45%
50
40%
35%
40
30%
30
25%
20%
20
15%
Unit OperatingCosts (£and$ / boe - 2020 Money)
10%
10
UnitOperatingCosts asa Proportionof Brent Price
5%
0
0%
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020 2022E
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Source:OGUK,OGA
Source:OGUK, EIA,OGA
15
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