Insight

The UK government's North Sea consultation conundrum

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2025 is a year of consultation on the UK North Sea. The government is currently pondering a successor to the flawed energy profits levy and it is also consulting on “Building the North Sea’s Energy Future”. Both need to get it right to ensure North Sea investment in upstream and low-carbon industries thrive long term. The stakes are high. “Building the North Sea’s Energy Future” has a wide-ranging scope, but among its key aims is: • Not to issue new licences to explore for new fields • To take a science-aligned approach to future UKCS production This report looks at what policy the government could adopt to meet these aims.

Table of contents

    • Exploration licensing
    • Bid rounds have had their day
    • Targeted licensing is a smarter approach
    • What’s left on unlicensed UKCS acreage?
    • Scope to improve UKCS production
    • The case for UKCS gas
    • The case for UKCS crude
    • A better way for the North Sea

Tables and charts

This report includes the following images and tables:

  • 2013-24 bid round discovered resources vs. acreage awarded pre-2014 (mmboe) & UKCS exp well count by year
  • UKCS resources by sector and hydrocarbon type on open & relinquished licences
  • UKCS scope 1, 2 & 3 emissions vs. IPCC & UK CCC net zero emissions pathway
  • Scope 1&2 emissions intensity of UK gas supply (2024) & future UK gas supply by source
  • UK scope 1&2 emissions by gas supply source (2025-2050) & change in same emissions under a high case UKCS
  • Cost of gas supply to Europe
  • UK import & exports of crude & products by source/destination country or region

What's included

This report contains:

  • Document

    Appendix The UK Governments North Sea Consultation Conundrum.pdf

    PDF 132.92 KB

  • Document

    The UK government's North Sea consultation conundrum

    PDF 1.13 MB