WIRELINE ISSUE 33 AUTUMN 2015
FUTURE OPPORTUNITY > Maximising the recovery of our oil and gas resource will strengthen the country’s energy security, boost tax revenues, exports and the balance of payments, as well as sustain high value activity and jobs in our world-class supply chain. “ ”
Download the report at www.oilandgasuk.co.uk/economicreport
In 2030, 70 per cent of the UK’s total primary
Up to 22 billion barrels of oil equivalent remain to be extracted from the 22 billion
from oil and gas
approach to maximising economic recovery by the industry, Oil and Gas Authority and HM Treasury is crucial
70%
CHALLENGES >
80% to 60% b
50%
from 80 to 60 per cent between 2004 and 2012
The oil price has more than halved since Summer 2014
by one third since 2011 to £9.7 billion in 2014
1 4
T H E M A G A Z I N E F O R T H E U K O F F S H O R E O I L A N D G A S I N D U S T R Y
Made with FlippingBook