Oil & Gas UK Economic Report 2014

Figure 21: Exploration Wells Drilled, including Sidetracks

50

45

Exploration Sidetracks Exploration Wells

40

1

35

30

2

25

20

3

15

10

Number of Wells Drilled including Sidetracks

5

4

0

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: DECC

5

Figure 22: Recoverable Reserves Discovered by Year

6

600

500

7

400

8

300

200

100

Recoverable Reserves Discovered (Million boe)

0

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Wood Mackenzie, Oil & Gas UK

43

ECONOMIC REPORT 2014