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T H E M A G A Z I N E F O R T H E U K O F F S H O R E O I L A N D G A S I N D U S T R Y
£14.8 billion
of capital invested
£
£
1
4
.
8
b
i
l
l
i
o
n
The UK Continental Shelf Activity Survey 2015
UK Continental Shelf Key facts – 2014 performance
(unless otherwise stated)
Only
wells a
in 201
add
£18.50/boe
14
/25
Unit operating costs
increased last year,
up to £18.50/boe
from £17/boe in 2013
Industry delivered
£24.4 billion of
production revenues
- the lowest since 1998
£9.6 billion was spent on
operating the UK Continental
Shelf last year, almost eight
per cent higher than in 2013
£24.4
billion
£
deco
the
£
Only 14 of the expected
25 exploration wells were
actually drilled - continuing a
downward trend since 2009
Eight new fields
sanctioned alongside
28 brownfield opportunities
£9.6
billion
Just
8
new fields
£18.50/boe
£17/boe
Activity Survey 2015
Wireline
presents some of the key facts and figures
from Oil & Gas UK’s
Activity Survey 2015
plus
a Q&A with economics and commercial director
Mike Tholen.