Workforce Report 2017

WORKFORCE REPORT 2017

Figure 6: Number of Core Workers versus Total Expenditure

The number of core workers is strongly correlated to total industry expenditure

Decommissioning Costs

Exploration and Appraisal

Development Costs

Operating Costs

Core Workforce

30

35,000

30,000

25

25,000

20

20,000

15

15,000

10

£ Billion (2016 Money)

10,000 Number of Core Personnel

5

5,000

0

0

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Source: Vantage POB, Oil & Gas UK

Figure 7: Annual Production per Core Worker

70,000

60,000

Production per core worker has improved by more than 40 per cent since 2014. This is due to the UKCS becoming more

50,000

efficient and several new field start-ups and restarts

40,000

30,000

20,000

10,000

Production per Core Worker (barrels of oil equivalent)

0

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Source: Vantage POB, Oil and Gas Authority

8