Environment Report 2019

3.1 UKCS Activity Production in the basin improved in 2018, with an increase of 4 per cent compared with 2017 and an overall 20 per cent increase between 2014–18. Total production was around 619 million barrels of oil equivalent (boe), representing a fourth year of increasing production. This reversal of fourteen years of decline means that the basin now meets 59 per cent of UK oil and gas demand.

Throughout 2018 production efficiency remained at 74 per cent, the highest level for a decade, with improvements made in 2017 adding an additional 12 million boe to basin-wide production. 1

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Figure 1: UKCS Production

2,000

Gas

Oil

1,800

1,600

1,400

1,200

1,000

800

Production (Million boe/year)

600

400

200

0

1970

1975

1980

1985

1990

1995

2000

2005

2010

2015

Source: OGA

1 See OGUK Business Outlook 2019 www.oilandgasuk.co.uk/product/business-outlook-report/

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