Oil & Gas UK Activity Survey 2016

Figure 14: Changes in Unsanctioned Reserves

1

4.0

3.69 billion boe

-0.07

2

3.5

Net Change in Reserves from Existing Projects

3.0

-1.48

2.59 billion boe

3

Possible and Probable at 01.01.2015

2.5

0.45

2.0

New Projects

Loss of Projects

Possible and Probable at 01.01.2016

4

1.5

Reserves (Billion boe)

1.0

5

0.5

0.0

Possible andProbable2015

Difference in Reserves from Exisiting Possible and ProbableProjects

Decrease inReserves from Lossof Possible andProbableProjects

Increase in Reserves from NewPossible andProbableProjects

Possible andProbable2016

2016 Source: Oil & Gas UK

2015

6

Figure 15: Price Sensitivity of Reserves Removed From Company Plans Over the Last 12 Months

50%

45%

40%

Potentially Commercially Viable

35%

30%

25%

20%

15%

10% Percentage of Removed Reserves

5%

0%

$100/bbl and 60 p/th $80/bbl and 48 p/th $60/bbl and 36 p/th $40/bbl and 24 p/th

Source: Oil & Gas UK

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