Environment Report 2018

3.1 UKCS Activity Production in the basin remained relatively flat year on year, with an estimated 12 million barrels of oil equivalent (boe) lost due to disruption to the Forties pipeline. However, overall production increased by 13 per cent between 2014–17, driven by improved production efficiency and new developments coming on stream. Production efficiency has now seen five years of continuous improvement, reaching 74 per cent in 2017 — the highest level in a decade. Twelve new fields also came on stream in 2017, including major developments such as Quad 204, Kraken and Catcher. 1

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Figure 1: Historic and Forecast Production

Gas Oil

2,000

1,800

1,600

1,400

1,200

1,000

800

600

Production (Million boe)

400

200

0

1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020

Source: OGA

1 See Oil & Gas UK’s Economic Report 2018 at https://oilandgasuk.co.uk/product/economic-report-2018/

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