Oil & Gas UK Economic Report 2014

Figure 15: Total Investment by Year of Field Approval

14

12

1

10

8

2

6

Money of the Day

3

4

2

Total Capital Investment by Field (£ Billion)

4

0

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 (H1)

Year of Field Approval

Source: DECC, Oil & Gas UK

5

Figure 16: Average Unit Development Cost by Year of Project Approval

6

35

Maximum Average Minimum

7

30

25

8

20

15

10

5

Unit Capital Cost of New Developments (£/boe)

0

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: DECC, Oil & Gas UK

Year of DECC Field Approval

37

ECONOMIC REPORT 2014