ECONOMIC REPORT 2013
25
Figure 15: Investment in Assets Operated by the Majors as a Proportion of Total Investment
Figure 16: Average Annual Unit Development Costs for Projects Approved since 2005
0
2
4
6
8
10
12
14
16
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Capital Investment (£ billion) Money of the Day
Total Capital Investment on the UKCS
Total Capital Investment in Assets Operated
by Majors
Source: Oil & Gas UK
0
2
4
6
8
10
12
14
16
18
2005 2006 2007 2008 2009 2010 2011 2012 2013
Average Annual Unit Development Costs (£/boe
)
Year of Project Approval
Unit Development
Cost (£/boe)
(to 1 July)
Source: DECC, Oil & Gas UK
Exponential
Trendline
