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Contents
1. Foreword 5 2. Summary of Findings 7 3. Oil and Gas Markets 11 4. 2015 Performance 17 5. Business Outlook 25 5.1 Reserves 25 5.2 Drilling Activity 30 5.3 Production 38 5.4 Total Expenditure 43 5.5 Decommissioning 52 6. Appendices 55 6.1 Oil & Gas UK’s Efficiency Task Force 55 6.2 Driving Efficiencies outside the ETF 57 6.3 Summary of Key Statistics 58ACTIVITY SURVEY
2016