Oil & Gas UK Activity Survey 2016

Figure 20: Exploration and Appraisal Drilling by Region

1

100%

2

90%

80%

70%

3

60%

50%

40%

4

30%

20%

5

10%

Proportion of Wells Drilled including Sidetracks

0%

2010

2011

2012

2013

2014

2015

2016

6

NNS CNS SNS W of S Irish Sea

Source: Oil & Gas UK, OGA

Discoveries from Exploration Activity Despite only 13 wells being drilled in 2015, seven of them were successful, discovering just over 150 million boe of technically recoverable reserves. While these discoveries are yet to be fully appraised, it is likely that they will produce a number of commercially viable development opportunities, although some prospects will require an improvement in market conditions before reaching that stage.

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