Oil & Gas UK Economic Report 2014

1.

Foreword

4

2.

Industry at a Glance

8

3.

Oil and Gas Markets

14

4.

The UK’s Continental Shelf

24

5.

PILOT

52

6.

Case Studies for New Investment

62

– West of Shetland

7.

The Supply Chain, Employment and Skills

78

8. a. b. c.

Appendices

92 95 98 99

The Fiscal Regime for Oil and Gas

Oil Recovery

Glossary of Terms and Abbreviations

3

ECONOMIC REPORT 2014