United Kingdom upstream summary
Report summary
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Majors
- Other key players
- Capital investment
-
Geology
- Introduction
- Central North Sea
- Northern North Sea
- Southern Gas Basin
- West of Britain
- Atlantic Margin
- Onshore
-
Exploration
-
Licensing
- Climate Compatibility Checkpoint
- Recent licensing rounds
-
Carbon, Capture Utilisation and Storage (CCUS) Licences
- CCUS policy
- UK's first CCS licensing round
- CCUS ambitions and actions
- Current CCUS licences
-
Drilling
- Drilling activity
- Offshore
- Recent Activity
- Historical Drilling Activity
- Success rates
-
Unconventionals
- Historical unconventionals activity
-
Licensing
- Reserves and resources
-
Production
- Oil
- Gas
-
Infrastructure
- Introduction
- Pipeline Systems
- Oil infrastructure
- Gas infrastructure
-
Costs
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Capital costs
-
Policy and regulation
- Key legislation
- Regulatory body
-
Licensing
- Current licence types:
- Historical licence types:
- UK government's plan for net zero carbon
- European Union Emissions Trading Scheme (EUETS)
-
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) and Supplementary Charge (SC)
- Energy Profits Levy (EPL)
- Petroleum Revenue Tax (PRT)
- Fiscal treatment of decommissioning
- 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 48 images and tables including:
- Key facts: Table 1
- Country Map
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Reserves and contingent resources at 01/01/2023
- Liquids and Gas Production 2023
- Capital Expenditure 2023
- Net Acreage 2023
- UK Offshore - Structural / Topographic Map
- Production: Table 1
- Production: Table 2
- Liquids Production by Sector
- Liquids Production by Development Status
- Production: Table 3
- Production: Table 4
- Gas Production by Region
- Gas Production by Development Status
- Pipeline Systems in the UKCS
- Infrastructure: Table 1
- Infrastructure: Table 2
- Concessions
- Top Marginal Rate of Tax for New Fields and Forties with Oil Price (£ money of the day)
- Exploration: Table 1
- Exploration: Table 2
- Exploration: Table 3
- Exploration: Table 4
- Exploration: Table 5
- Exploration: Table 6
- Exploration: Table 7
- UK Exploration and Appraisal Drilling Activity 1965 - February 2023 (includes sidetracks and onshore wells)
- Geological and Commercial Success Rates
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Costs: Table 5
- Costs: Table 6
- Costs: Table 7
- Costs: Table 8
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
- Sample Cash Flow
- Fiscal terms: Table 8
- Fiscal terms: Table 9
- Fiscal terms: Table 10
What's included
This report contains:
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