Economic Report 2018

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There are 10-20 billion boe still to be recovered from the UKCS

The people and skills to effectively service projects and operations

The UKCS has become much more cost-competitive Reductions in unit operating costs and unit development costs are the greatest seen across comparable basins

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The availability of a robust and world-leading

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supply chain to service the industry

The UKCS : an attractive investment proposition

The UKCS is now fiscally competitive After a decade of fiscal uncertainty, investor

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confidence is returning

Access to finance is improving

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There is a competitive regulatory regime in place – focused on Maximising Economic Recovery

The UKCS has the largest network of

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infrastructure in place across comparable basins to service offshore developments

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Industry is aligned behind Vision 2035 which outlines the potential to add a new generation of productive life to the basin and double the opportunity for the supply chain

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