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8 Pages

Scottish independence: just one of the uncertainties facing the North Sea


Scottish independence: just one of the uncertainties facing the North Sea

Report summary

On 18 September 2014, Scotland will decide in a referendum whether or not to stay in a United Kingdom. Although the oil and gas industry will be closely following the results of the referendum, companies are already facing a set of unprecedented challenges and changes on the UKCS. 


What's included?

This report includes 2 file(s)

  • Scottish independence: just one of the uncertainties facing the North Sea PDF - 544.50 KB 8 Pages, 1 Tables, 11 Figures
  • Scottish independence.xls XLS - 282.50 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.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive Summary
  • Context
  • Changes since our 2012 update
    • The bulk of reserves would still lie in Scotland
    • …and the Majors remain dominant
    • But there is an uncertain project pipeline
    • ...with decommissioning looming
  • Changes whatever the outcome
  • Ongoing issues mean predicting government take is challenging
  • Appendix

In this report there are 12 tables or charts, including:

  • Executive Summary
  • Context
  • Changes since our 2012 update
    • Potential Borders
    • Split of commercial reserves: scenario 1*
    • Production from Scottish fields: scenario 1
    • Annual E&A activity and reserves discovered
    • 2012 view: Top 10 companies in Scotland by remaining value and reserves*
    • Scottish independence: just one of the uncertainties facing the North Sea: Image 6
    • Top 10 investors in Scotland by capex 2014-2017*
    • Estimated Scottish share of capex 2014-2017*
    • 2009 view of expected production in 2013 vs actual production in 2013
    • Effective cost of Scottish decommissioning relief
  • Changes whatever the outcome
  • Ongoing issues mean predicting government take is challenging
    • Projected level of government take: OBR vs Scottish Government*
  • Appendix
    • Oil price assumptions (nominal)
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