Exploration Insight 2022 - OEUK

EXPLORATION REPORT 2022

Contents

Foreword

4 6 6 8

1. Exploration outlook

Exploration & UK tax changes Resources & reserves replacement

UKCS investment forecast

12 13 13 15 16 16 18

UKCS potential

Extending existing infrastructure life

Energy forecasts

UKCS emissions overview UK hub emissions profiles 2. Exploration opportunities Key enablers & constraints

18 Exploration, future impact on resources 18 Non-catchment prospectivity 20 Previous licensing rounds 20 Licensing activity overview 22 3. Summary 24 4. Case studies 25

EXPLORATION INSIGHT 2022

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