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Contents
1. Foreword 4 2. Industry at a Glance 6 3. Prices and Markets 10 4. Profitability and Corporate Finance 20 5. Upstream Performance Indicators 24 5.1 Resources/Reserves 24 5.2 Drilling Activity 28 5.3 Total Expenditure 33 5.4 Production 42 5.5 Decommissioning 44 6. Supply Chain 46 7. Employment 62 8. The Efficiency Task Force 67 9. Comparisons and Contrasts – the UK and Norwegian Continental Shelves 71 10. The Upstream Fiscal Regime 77 11. Glossary 81ECONOMIC REPORT
2016