Insight
Scotland's oil and gas: £44 bn at stake
Get this report
$1,350
You can pay by card or invoice
Report summary
Scottish parliament is on the verge of voting for a second referendum only two and a half years after its 2014 vote. Since then, there has been sweeping changes across both the North Sea industry and for the country politically. This includes the oil price crash, the establishment of the new Oil and Gas Authority (OGA) and the landmark Brexit decision. The offshore industry has been a cornerstone of the UK economy until recent years, and will still play a vital role in a second referendum campaign. Despite the oil price crash, we still attribute a combined pre-tax NPV10 of £44bn to assets in Scottish waters.
Table of contents
-
Executive Summary
- Potential borders
- Background info
- What has happened since 2014?
-
Where are we now?
- Key issues on the shelf
- Scotland's share: 5.3 billion boe of reserves
- But this sits alongside the obligation to decommission the majority of fields
-
Capex and production are in decline
- Political uncertainty could jeopardise investment
Tables and charts
This report includes 8 images and tables including:
- Scotland's oil and gas: £44 bn at stake: Image 1
- Verisk Maplecroft's Government Stability Index Projection UK vs Germany
- Comparison of key metrics 2014 vs 2016
- Remaining reserves change 2014 vs 2017
- Capital expenditure in Scotland
- UKCS production by development status
- Remaining reserves by location
- Remaining decommissioning by location
Other reports you may be interested in
28 March 2017
Europe upstream week in brief: Sverdrup phase 2 costs cut by 50%
Insight
Europe upstream week in brief: Sverdrup phase 2 costs cut by 50%
Statoil confirms large cost reductions for second development phase of Norwegian giant and Hurricane Energy makes significant UK discovery.
$1,35004 April 2017
Europe upstream week in brief: ExxonMobil sells operated Norway assets to Point Resources
Insight
Europe upstream week in brief: ExxonMobil sells operated Norway assets to Point Resources
Point Resources takes ExxonMobil's operated portfolio in Norway and BP sells Forties Pipeline System to Ineos for US$250 million.
$1,35011 April 2017
Europe upstream week in brief: Majors commit to Cyprus deepwater exploration
Insight
Europe upstream week in brief: Majors commit to Cyprus deepwater exploration
No Major commitment issues in the Cyprus 3rd Licensing Round. Tullow Oil exits the Dutch upstream.
$1,350
Trusted by leading organisations
