Exploration Insight 2022 - OEUK

states, the margin would likely be taken up by greater LNG imports. That means that each cubic metre of additional UK output would help to avoid upstream emissions that would be three times greater. UKCS gas is, therefore, cleaner and strengthens our energy security. A reliance on LNG would increase the UK's emissions, damage our

balance of payments and leave us more vulnerable to external supply shocks. It is the industry’s contention that key policy considerations should be focused upon promotion of the lowest emissions, throughout the exploration and production cycle.

Figure 12: Emissions intensity by platform type and age Source: NERA, NSTA

Facility t ype

kgCO2e/boe K O 2 e/boe

Small p latform Floating Large p latform

5

16

13

<10 y ears

Facility a ge

14

41

19

10-25 y ears

23

40

45

>25 y ears

EXPLORATION INSIGHT 2022

17