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UK Brown Field Allowance - a boost for activity

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Report summary

The UK government introduced the Brown Field Allowance in September 2012 to incentivise incremental investment recognising that this was being curtailed due to challenging economics and lower returns. 27 projects qualify for the BFA and provide a welcome reserves boost for the UK adding an estimated 226 mmboe. Despite generally offering smaller volumes than most recent new developments the returns on investment are still attractive.

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  • UK Brown Field Allowance - a boost for activity: Image 1
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Tables

  • UK Brown Field Allowance - a boost for activity: Table 1

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