Economic Report 2019

During this period, production from the basin has increased by 20 per cent (see section 4.2), driven by a combination of new project start-ups and continued improvements in production efficiency. When combined with the reduction in supported employment, the number of barrels produced per direct and indirect worker has increased by 84 per cent since 2014, to almost 3,400 boe in 2018. This demonstrates the improved productivity of the industry at a time when the wider UK productivity performance has been stagnant for more than a decade.

1

2

Figure 7: Barrels Produced per Direct and Indirect Workers

4,000

3

3,500

3,000

4

2,500

2,000

5

1,500

Production (boe)

1,000

6

500

0

7

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Source: OGUK, Experian

8

9

10

11

15