Insight

UK oil and gas production: review of 2014 and outlook

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Report summary

Production from the UK continental shelf (UKCS) stabilised in 2014, with overall levels increasing by almost 1%. Although this is positive news, the overall production figures were still only 71% of our 2010 view for 2014 production. Our research points out three main factors for this deficit; unplanned maintenance/underperformance, delays to new projects and fields shut-in for redevelopment and tiebacks.

What's included

This report contains

  • Document

    UK oil and gas production: review of 2014 and outlook

    PDF 392.86 KB

Table of contents

    • Despite downtime Buzzard still dominates
    • New developments drive up production
  • Developments onstream 2014 and 2015
    • Top ten liquids producing companies
    • Top ten gas producing companies
  • Underperformance still an issue but things are improving
    • Short to medium term outlook is encouraging
    • Longer term concerns
  • Appendix

Tables and charts

This report includes 11 images and tables including:

Images

  • Liquid production by year
  • Gas production by year
  • 2014 Top 10 Liquid Producers
  • 2014 Top 10 Gas Producers
  • 2010 view of 2014 expected production vs 2014 actual production
  • Top ten liquids producing developments
  • Top ten gas producing developments
  • UK liquids production forecast to 2022
  • UK gas production forecast to 2022

Tables

  • UK oil and gas production: review of 2014 and outlook: Table 1
  • Fields expected onstream 2015 - 2018

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