Insight

40 years of the UK North Sea service

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Report summary

This month, Wood Mackenzie celebrates the 40th anniversary of the UK North Sea service. Our first report was published in May 1973 before first offshore oil production. Since then, a staggering 698 offshore fields have been discovered and 42 billion barrels of oil equivalent produced.

What's included

This report contains

  • Document

    40 years of the UK North Sea service

    PDF 508.52 KB

Table of contents

  • Legacy infrastructure still vital
  • Fiscal instability still a concern
  • Technology advances have changed the focus for operators
  • Continues to attract a large number of players
  • Exploration and appraisal
  • Life in the old dog yet

Tables and charts

This report includes 5 images and tables including:

Images

  • UK offshore fields discovered and infrastructure - 1973 compared to 2013
  • Top Marginal Rate of Tax for New Fields and Forties with Oil Price (£ money of the day)
  • Number of fields onstream by development type
  • Exploration and appraisal wells spudded and Brent Price by year
  • Capex spend and Brent price by year

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