Country Report
United Kingdom upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Provides a detailed description of reserves, production, infrastructure and fiscal terms for the UK upstream sector.
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
-
Strategic Ventures
- Ithaca Energy
- Adura
- NEO NEXT+
-
Majors
- BP
- Chevron
- ExxonMobil
-
Independents
- Harbour Energy
- Serica Energy
- EnQuest
-
Strategic Ventures
-
Geology
- Introduction
- Central North Sea
- Northern North Sea
- Southern Gas Basin
- West of Britain
- Atlantic Margin
- Onshore
-
Exploration
- Licensing
-
Government ends oil and gas licensing
- 33rd Offshore Round
- 32nd Offshore Round
-
Carbon storage licensing
- Out of round carbon appraisal and storage licensing
-
Drilling
- Drilling activity
- Historical drilling
- Success rates
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Unconventionals
- Historical activity (2013-2016)
- Reserves and resources
-
Production
- Oil
- Gas
-
Infrastructure
- Introduction
-
Costs
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Capital costs
-
Policy and regulation
- Key legislation
- Regulatory body
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North Sea Transition Authority (NSTA)
- UK North Sea Transition deal
-
Offshore Petroleum Regulator for Environment & Decommissioning (OPRED)
- Scope 3 emissions guidance
- UK emissions trading scheme
- Licensing
- Government ends oil and gas licensing
- Existing licences
-
Licence types
- Innovate Seaward Production Licence (Innovate licence)
- Petroleum exploration and development licence (PEDL)
- Carbon storage licences
- 1 more item(s)...
-
Fiscal terms
- Overview
- Upstream
-
Mid/Downstream
- Pipelines
- Gas utilisation
-
Current fiscal terms
- Government equity participation
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Ring Fence Corporation Tax (RFCT) & Supplementary Charge (SC)
- RFCT deductions
- Supplementary Charge Investment Allowance
- 2 more item(s)...
-
Energy Profits Levy (EPL)
- EPL timeline
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Oil & Gas Price Mechanism (OGPM)
- Petroleum Revenue Tax (PRT)
-
Decommissioning
- Tax rules
- Regulation
- Decommissioning Relief Deeds (DRDs)
- Retained Decommissioning Liability
- Transferrable Tax History (TTH)
- Product pricing
-
Historical background
- Royalty
- Petroleum Revenue Tax (PRT)
- Supplementary Petroleum Duty (SPD)
- Advance Petroleum Revenue Tax (APRT)
- Gas Levy
- Writing Down Allowance (WDA) for RFCT
- Obsolete field allowances (for Supplementary Charge)
Tables and charts
This report includes the following images and tables:
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Key facts: Table 1Country mapReserves and resources: Table 1
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Reserves and resources: Table 2UK offshore - structural / topographic mapExploration: Table 7Production: Table 1Production: Table 2Liquids production by sectorLiquids production by development statusProduction: Table 3Production: Table 4
- 34 more item(s)...
What's included
This report contains:
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