Name: UK Probables - the 2013 portfolio
Brand: Wood Mackenzie
SKU: 20289
Price: 1350 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Insight 30 April 2013

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

The volume of reserves in the UK probable developments portfolio has decreased from 2.2 bnboe in our 2011 portfolio to 1.5 bnboe in 2013. There are two key reasons for this: large numbers of fields being sanctioned and disappointing exploration success in recent years.

Smaller portfolio of probable developments
Reserves dominated by technically challenging developments
- but the number of fields with less than 50 mmboe remains high
New additions to the portfolio
Diverse Corporate Mix
Production and Reserves
Valuation and capital costs
- Challenging projects and cost inflation drive development costs up
Breakeven costs continue to rise
Future Outlook
Economic Assumptions

Tables and charts

This report includes the following images and tables:

Net reserves and number of probable developments by top 20 participantsUK remaining commercial reserves by statusProbable developments production profile

Breakeven price vs. reservesUK Probable Developments - April 2013Fields which have received development approval since October 2011Fields which have entered the probable portfolio since October 2011Capital expenditure on commercial fieldsCapital expenditure in historical probable portfolios