Asset Report

UK Northern North Sea exploration basin

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The basin is mature with an average discovery size of just 18 mmboe over the last decade, and prospective resource is just a tiny fraction of discovered volumes. Despite most of the volumes discovered being commercial, cost overruns and delays have plagued development, resulting in significant full-cycle value destruction over the last decade. However, exploration performance has improved since 2015 and provides reason to be optimistic; the average discovery size has increased, and a larger proportion of volumes is considered commercial.

Table of contents

Tables and charts

This report includes 13 images and tables including:

  • Mesozoic
  • Summary of discovery and development costs
  • Typical fiscal terms
  • Brent and local oil price assumptions
  • Exploration wells by play
  • Key play characteristics
  • Exploration history map
  • Top 10 discoveries
  • Key licence holders
  • Creaming curve
  • Discoveries and success rates
  • Mesozoic
  • Full cycle economic analysis

What's included

This report contains:

  • Document

    UK Northern North Sea exploration basin

    PDF 877.80 KB

  • Document

    UK Northern North Sea exploration basin

    ZIP 3.76 MB