Activity Survey 2014

ACTIVITY SURVEY 2014

Figure 5 shows that the central North Sea is still the leading region for sanctioned reserves, with over 40 per cent of the total reserves either in production or currently under development on the UKCS. This is despite a key project of over 100 million boe being withdrawn from development for the time being.

All regions failed to add significantly to their sanctioned reserves during the last year with the southern North Sea /Irish Sea seeing the largest decline in sanctioned reserves of 20 per cent.

Figure 5: Sanctioned Reserves by Region

SNS, IS 0.88 billion boe 13%

NNS 1.41 billion boe 21%

W of S 1.51 billion boe 23%

CNS 2.82 billion boe 43%

Source: Oil & Gas UK

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