WIRELINE - Autumn 2017

£500 million

reverts to World Trade Organization rules

Oil & Gas UK | News Round-Up

UK Continental Shelf Performance and Opportunity

UKCS production has increased by 16% since 2014, following

Unit operating cost improvements have been greater in the UK than any other basin since 2014

High profile

By the end of 2018 over

The UKCS now ranks in the top quartile globally for fiscal attractiveness

deals total nearly $6 billion combined over the first half of the year M A &

of total production will come from start-ups post-2016 1 / 3

over a decade of continual decline

Capital investment in the basin is forecast to fall further over the next two years

Fresh capital in the basin is urgently needed 2020 The UK faces a significant production decline post

Drilling activity must increase to continually replenish the pipeline of opportunities

Decommissioning is the only area of increasing expenditure at 7 per cent of total industry spend last year

Creating a Long-Term Future

s

Th d

of

sets out aspirations for the industry

The industry could deliver hundreds of billions of pounds in additional revenue to the UK by 2035

The Economic Report was launched at two sell-out events in Aberdeen and London

Vision 2035 will require an integrated policy approach between industry and government

Download the infographics at http://bit.ly/ECfacts17.

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