Economic Report 2019
Contents 1. Foreword
The UK Oil and Gas Industry Association Limited (trading as OGUK) 2019 OGUK uses reasonable efforts to ensure that the materials and information contained in the report are current and accurate. OGUK offers the materials and information in good faith and believes that the information is correct at the date of publication. The materials and information are supplied to you on the condition that you or any other person receiving them will make their own determination as to their suitability and appropriateness for any proposed purpose prior to their use. Neither OGUK nor any of its members assume liability for any use made thereof.
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2. 3.
Report at a Glance
The UK Oil and Gas Industry as a Key Economic Asset
3.1 3.2 3.3 3.4 3.5 3.6 4.1 4.2 4.3 4.4
Delivering UK Energy Security Contribution to UK Current Account Contribution to Gross Domestic Product and Gross Value Added
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12 13 14 16 17 18 23 26 37 45 46
Fiscal Contribution
Employment and Productivity
Supply Chain Landscape
4.
Business Environment and Industry Performance
Business Environment Production Performance Expenditure and Investment Resource Progression Activity
5.
Oil and Gas Industry Roadmap to 2035: A Blueprint For Net-Zero
5.1 5.2
Roadmap to 2035
Net-Zero 2050 — The Crucial Role of the Oil and Gas Industry
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OGUK's vision is to ensure the UK Continental Shelf becomes the most attractive mature oil and gas province in the world with which to do business. Read all our industry reports at www.oilandgasuk.co.uk/publications
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