Insight

40 years of the UK North Sea service

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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.

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:

  • 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

What's included

This report contains:

  • Document

    40 years of the UK North Sea service

    PDF 508.52 KB