Insight
Scottish independence: just one of the uncertainties facing the North Sea
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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.
Table of contents
- 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
Tables and charts
This report includes 12 images and tables including:
- Projected level of government take: OBR vs Scottish Government*
- Oil price assumptions (nominal)
- 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
What's included
This report contains:
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