Is fiscal and political uncertainty set to shut down the North Sea?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
-
Executive Summary
- The case for new UK oil and gas
- What’s left to play for?
- Introduction – and extension – of Energy Profits Levy negatively impacts most new projects
- Ongoing uncertainty puts the UK’s role in the transition at risk
- Is there a solution?
- 1. Replace the EPL with a more predictable windfall-sharing mechanism
- 2. Incentivise investment through holistic tax terms
- What next?
Tables and charts
This report includes 10 images and tables including:
- UK liquids supply and demand outlook
- UK gas supply and demand outlook
- Intensity of UK oil suppliers (2022)*
- Intensity of UK gas suppliers (2022)*
- Oil & gas supply and demand (2023 – 2050)
- Pre-FID resources: breakeven v emissions
- Response to EPL
- Economics of UK pre-FID projects by fiscal scenario*
- Corporate landscape in the North Sea
- High price royalty example
What's included
This report contains:
Other reports you may be interested in
Ravn
Ravn is an oil and associated gas field located in the Danish sector of the North Sea. It was Wintershall Noordzee's first upstream ...
$3,100Elbe-Weser
Elbe-Weser is the region in northern Germany between Bremen (river Weser), Hamburg (river Elbe) and the Cuxhaven estuary on the North ...
$3,100Khvalynskoye
The Khvalynskoye field lies in the Russian sector of the Caspian Sea, close to the Kazakh border. In May 2002, Russia and Kazakhstan ...
$3,100