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7 Pages

Scotland's oil and gas: £44 bn at stake


Scotland's oil and gas: £44 bn at stake

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.


What's included?

This report includes 2 file(s)

  • Scotland's oil and gas: £44 bn at stake PDF - 1.13 MB 7 Pages, 1 Tables, 7 Figures
  • Scottish independence data.xlsx XLSX - 133.49 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

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  • 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

In this report there are 8 tables or charts, including:

  • Executive Summary
    • 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
    • Remaining reserves by location
    • Remaining decommissioning by location
    • Capital expenditure in Scotland
    • UKCS production by development status
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

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