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



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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

Tables and charts

This report includes 8 images and tables including:


  • Comparison of key metrics 2014 vs 2016


  • Scotland's oil and gas: £44 bn at stake: Image 1
  • Verisk Maplecroft's Government Stability Index Projection UK vs Germany
  • Remaining reserves change 2014 vs 2017
  • Capital expenditure in Scotland
  • UKCS production by development status
  • Remaining reserves by location
  • Remaining decommissioning by location

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