3
Contents
1. Foreword 4 2. Industry at a Glance 6 3. Economic Contribution 8 3.1T
h
e
UK E ner
gy M ix 9 3.2T
h
e
R ole for Oil and Gas in th
e
L
ow
e
r
-
C
arb
on E conomy
12 3.3T
ot alE
m
p
loy
m
e
nt 15 3.4R
e
gionalC
e
ntr
e
s ofE
x
ce lle nce 17
4. The Business Environment 22 4.1 Oil and Gas M ar ket
s 23 4.2 Imp
act of Bre
x
it
27 5. Creating a Long-Term Future 335
.1V
ision 2035 345
.2D
e
live
r
ingt
h
e
V ision 35
6. UK Continental Shelf Performance and Opportunity 396
.1 Key
P
e
r
for
m
ance Indicat or s 406
.2 Glob al C om
p
e
t
it ive
ne ss 456
.3T
h
e
E fficie ncy T ask F or ce5
16
.4F
iscal P olicy5
5
6
.5M
e
r
ge
r
s and A cq uisit ions5
8
6
.6 Inv
e
st or C ase St udie s6
0E
C ONOM IC R
E
P OR
T
2
0
1
7