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UK Continental Shelf Oil & Gas
Annual Upstream Report
Derek Louden
Abbian House
Tower Street
Tain
Ross-shire
IV19 1DY
Tel:...
2
Contents
1) Executive Summary
2) Operators in 2015
3) Oil Production in 2014
4) Gas Production in 2014
5) New Fields 201...
3
1) Executive Summary
 Oil production on the UK Continental Shelf declined marginally in the latest year.
Gas output was...
4
 The following new fields were brought on stream in 2014:
o GOLDEN EAGLE (Nexen)
o KINNOULL (BP)
o JULIET (GDF Suez)
o ...
5
2) Operators in 2014
The following Companies operated oilfields on the UKCS in 2014. Click on the links to find
further ...
6
 CORFE ENERGY
 CUADRILLA RESOURCES
 DANSK OLIE OG NATURGAS A/S
 DESS EXPLORATION CONSULTING LIMITED
 DORIEMUS PLC
...
7
 MARATHON OIL UK LIMITED
 MARGIN OIL AND GAS (UK) LIMITED
 MARUBENI OIL & GAS
 MITSUBISHI CORPORATION
 MITSUI E&P U...
8
 THE CHATSWORTH ESTATES COMPANY
 THE STEAM OIL PRODUCTION COMPANY LTD
 THIRD ENERGY
 TOTAL UPSTREAM UK LIMITED
 TRA...
9
CORMORANT NORTH 420,820 3,084,611 $ 305,222,258 8,451
DON SOUTH WEST 392,820 2,879,371 $ 284,913,760 7,889
BALLOCH 382,4...
10
JUDY 135,080 990,136 $ 97,973,957 2,713
DEVENICK 128,680 943,224 $ 93,332,015 2,584
MERGANSER 117,820 863,621 $ 85,455,...
11
DONAN {MAERSK} 57,960 424,847 $ 42,038,611 1,164
BRENT 57,890 424,334 $ 41,987,849 1,163
HERON 55,910 409,820 $ 40,551,...
12
STRATHSPEY 18,100 132,673 $ 13,127,993 363
STOCKBRIDGE 17,120 125,490 $ 12,417,236 344
LOMOND 15,160 111,123 $ 10,995,6...
13
PALMERS WOOD 2,980 21,843 $ 2,161,365 60
ANDREW 2,880 21,110 $ 2,088,835 58
KIMMERIDGE 2,640 19,351 $ 1,914,781 53
CORR...
14
7,717,830
1,907,040
1,764,720
1,149,840
880,520
870,140
831,890
831,590
675,680
643,860
576,710
568,680
566,000
561,820...
15
9,083,080
1,980,790
1,570,450
1,357,160
911,490
823,250
583,650
545,100
540,710
540,300
527,950
525,690
465,400
460,800...
16
9,141,111.
3,042,652.
2,658,105.
2,261,638.
1,969,389.
1,967,289.
1,758,758.
1,580,382.
1,305,929.
1,147,195.
935,532.
...
17
Oil Production by Company:
Equity Holder Tonnes
2014
Production
(Barrels) Value $
2014
Production
(Barrels/day)
NEXEN P...
18
VALIANT EXPLORATION LIMITED 49,942 366,075 $ 36,223,121 1,003
PARKMEAD (E&P) LIMITED 48,116 352,690 $ 34,898,676 966
SP...
19
BRITANNIA OPERATOR LIMITED 0 - $ - -
DONG E&P Norge AS 0 - $ - -
HESS LIMITED 0 - $ - -
NOIL Energy ASA 0 - $ - -
ORANJ...
20
4,350,070
2,892,368
2,861,971
2,470,360
2,335,090
2,370,321
1,992,321
1,615,464
1,604,522
1,456,990
1,426,529
1,173,543...
21
4,911,022
3,056,157
2,439,068
2,741,346
2,715,841
2,107,386
1,989,035
1,584,283
1,472,437
1,135,825
1,012,529
959,022
8...
22
6,810,551
4,837,893
4,021,049
3,508,665
3,461,340
3,282,488
3,185,011
3,061,329
3,043,077
2,955,632
2,869,210
2,273,101...
23
EQUITY HOLDER Tonnes 2014 Tonnes 2013 Difference
NEXEN 4,350,070 4,911,022 -560,952
APACHE NORTH SEA LIMITED 2,892,368 ...
24
IONA UK HUNTINGTON LIMITED 85,302 54,960 30,342
VALIANT EXPLORATION LIMITED 49,942 53,948 -4,006
ZEUS PETROLEUM LIMITED...
25
ONSHORE PRODUCTION SERVICES LIMITED 420 90 330
ORANJE-NASSAU ENERGIE HANZE (UK) LIMITED 0 61 -61
FINA EXPLORATION LIMIT...
26
647,485
519,884
497,968
362,974
164,963
120,625
104,059
64,872
61,862
53,487
-104,435
-114,272
-157,754
-163,789
-188,2...
27
4) Gas Production
Gas Production by Field 2014 (000’s Cubic Meters)
Field CuM 000's MM BTUs Value $
ROUGH STORAGE 2,388...
28
RAVENSPURN NORTH 283,047 9,995,710 $ 82,164,736
YORK 269,641 9,522,282 $ 78,273,158
CALDER 267,370 9,442,082 $ 77,613,9...
29
ENSIGN 105,398 3,722,095 $ 30,595,621
HUNTINGTON 103,562 3,657,258 $ 30,062,661
VIKINGB 100,761 3,558,341 $ 29,249,563
...
30
CHESTNUT 40,004 1,412,728 $ 11,612,624
ETTRICK 38,339 1,353,929 $ 11,129,296
PENGUIN WEST 37,568 1,326,701 $ 10,905,482...
31
TETHYS 10,502 370,875 $ 3,048,593
DUNLIN 10,179 359,468 $ 2,954,827
TYNE NORTH 9,773 345,130 $ 2,836,969
AUDREY 9,644 3...
32
FALCON 2,518 88,922 $ 730,939
BURE WEST 2,512 88,710 $ 729,196
GANNET D 2,441 86,203 $ 708,589
DEVERON 2,430 85,831 $ 7...
33
CHANTER 128 4,520 $ 37,154
EUROPA 127 4,485 $ 36,867
STOCKBRIDGE 98 3,461 $ 28,449
CURLEW C 89 3,143 $ 25,835
BECKINGHA...
34
2,388
2,040
1,618
1,404
1,261
1,074
1,027
924
880
796
778
699
698
644
641
615
604
587
537
527
UKCS Gas Output by Field
...
35
3,147
1,872
1,622
1,211
1,085
998
984
925
883
841
773
722
711
644
623
623
606
604
572
514
UKCS Gas Output by Field
Top ...
36
3,074
2,713
2,088
2,007
1,722
1,566
1,495
1,461
1,382
1,206
1,092
1,074
961
960
941
830
806
806
792
739
UKCS Gas Output...
37
Gas Production by Company (Million Cubic Metres)
Equity Holder
Total
MMm3 MM BTUs Value $
CENTRICA 6,859 242,223,299 $ ...
38
ITHACA ENERGY (UK) LIMITED 64 2,260,139 $ 18,578,343
SOJITZ ENERGY PROJECT LIMITED 62 2,189,509 $ 17,997,764
OMV (U.K.)...
39
6,859
3,576
3,328
3,308
2,997
2,900
2,603
2,095
1,378
1,231
1,060
1,008
939
865
833
641
601
504
479
446
UKCS Gas Output...
40
8,410
4,357
3,274
3,370
3,096
2,876
2,522
1,421
1,250
1,167
1,167
980
813
672
554
546
529
475
439
UKCS Gas Output by Co...
41
6,689
6,275
5,822
5,359
5,203
4,766
4,007
2,845
2,051
1,908
1,374
1,118
999
883
833
822
784
741
UKCS Gas Output by Comp...
42
Change in Annual UK Gas Production (MMCuM) Co Total
Equity Holder (2014v2013)
RWE DEA UK SNS LIMITED 831
ENI UK LIMITED...
43
Valiant Causeway Limited 0
Antrim Resources Limited 0
CIECO EXPLORATION AND PRODUCTION (UK) LIMITED 0
ECORP OIL & GAS U...
44
OMV (U.K.) LIMITED -3
IDEMITSU PETROLEUM UK LTD. -4
EDINBURGH OIL & GAS LIMITED -4
EOG RESOURCES UNITED KINGDOM LIMITED...
45
831
674
504
452
310
305
241
201
199
165
154
153
144
129
123
110
100
95
93
84
81
80
65
52
46
43
42
-23
-23
-25
-33
-35
-...
46
47
5) New Fields 2014
The following fields were brought into production in 2014:
 GOLDEN EAGLE (Nexen)
 KINNOULL (BP)
 ...
48
Kraken EnQuest 2017 853,188
Kraken North EnQuest 2017 853,188
Cawdor Maersk Group 2017 248,200
Mariner Statoil 2017 2,7...
49
Talisman Sinopec has developed the Godwin Field output (2Q 2015) is expected to be 7,500bpd:
http://articles.chicagotri...
50
million barrels of oil over a 40 year period, with peak production expected to be up to 120,000 barrels
of oil per day....
51
Statoil will bring the Mariner Field online in 2017. It will eventually comprise 80 production wells
and 64 produced wa...
52
Xcite Energy’s Bentley Field Development continues to inch forward at a time of huge pressure due
to the oil price. The...
53
DECC Contacts
Digest of United Kingdom Energy Statistics Table F.2: Gas production, Gross gas production
since 1991 and...
54
7) Declining Output and De-commissioning
Oil Output in the UKCS has been declining since 1999. Until 2014 gas output ha...
55
What we can see for oil is that most of the post-peak years have registered a decline in output of
between 5% and 10% w...
56
The big story, as for oil, was the outage at Elgin/Franklin. This accounted for almost half the total
decline in gas fr...
57
Oil & Gas UK’s 2014 Economic Report predicts a rise of over 27% in output by 2017. They looked at
oil & gas together & ...
58
Overall Conclusion
Let’s start with what we don’t know. Oil prices have fallen significantly over the last eighteen
mon...
59
8) Company Turnover & Taxation
Company Turnover 2013 2012 2011 2010 2009
£m £m £m £m £m
NEXEN PETROLEUM U.K. LIMITED 2,...
60
MARATHON OIL U.K. LLC 296,800,700 430,234,130 533,278,906 366,023,448 378,398,360
MARATHON OIL NORTH SEA (G.B.) LIMITED...
61
IDEMITSU PETROLEUM UK LTD. 67,222,072 78,024,118 84,477,862 75,803,723 56,363,090
ATLANTIC PETROLEUM UK LIMITED 47,529,...
62
SCHIEHALLION OIL & GAS LIMITED 47,000
RIGEL PETROLEUM (NI) LIMITED 7,082,529 13,391,823 21,583,681 15,230,563 12,369,00...
63
Ecorp Oil & Gas UK Limited 140,181
EQ Petroleum Sabah Limited
Iranian Oil Company (U.K.) Limited 0 0 792,628 44,106,267...
64
Company Taxation 2013 2012 2011 2010 2009
£m £m £m £m £m
NEXEN PETROLEUM U.K. LIMITED -£917,998,290 -£912,648,245 -£1,0...
65
MARATHON OIL U.K. LLC -£63,536,546 -£109,787,802 -£148,757,467 -£67,941,572 -£95,686,463
MARATHON OIL NORTH SEA (G.B.) ...
66
ATLANTIC PETROLEUM UK LIMITED -£6,266,003 -£18,974,233 -£8,862,003 -£3,701,866 -£787,251
MARUBENI OIL & GAS (NORTH SEA)...
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
UKCS Upstream Oil & Gas 2015 Edition
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UKCS Upstream Oil & Gas 2015 Edition

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UKCS Upstream Oil & Gas Report has been revised in 2015. We stick to the prediction made last year that output will be 50% higher by 2018.

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UKCS Upstream Oil & Gas 2015 Edition

  1. 1. UK Continental Shelf Oil & Gas Annual Upstream Report Derek Louden Abbian House Tower Street Tain Ross-shire IV19 1DY Tel: 01862 892734 Mob: 07876 774412 Email: LoudenDW@aol.com ©Derek W Louden September 2015 All rights reserved. May not be reproduced in whole or in part without the permission of the author. While every effort has been made to ensure the accuracy of the information included in this paper, the author makes no warranty, express or implied, or assumes any liability for its accuracy or completeness.
  2. 2. 2 Contents 1) Executive Summary 2) Operators in 2015 3) Oil Production in 2014 4) Gas Production in 2014 5) New Fields 2014 6) Field Development Pipeline 7) Declining Output & De-commissioning 8) Company Turnover & Taxation 9) Company Profiles & Contact Details Note: Cover photo of Nexen’s Golden Eagle courtesy of Nexen
  3. 3. 3 1) Executive Summary  Oil production on the UK Continental Shelf declined marginally in the latest year. Gas output was slightly up compared with 2013.  Oil production excluding NGLs totalled 37.4 Million Tonnes in 2014, down from 37.9 in 2013, the slowest rate of decline in many years.  Gas production rose from 43,243 MMCuM in 2013 to 43,322 MMCuM in 2014  Nexen tops the list of Oil producers in 2014 with output of 4.35 million Tonnes.  Centrica heads up the gas list with 6.859Bn Cubic Metres produced in 2014 including production from the Rough storage facility. 1,115 11,523 37,267 52,367 76,075 78,615 87,608 100,254 109,437 121,549 122,487 120,943 118,839 109,758 87,245 88,421 87,302 89,441 93,532 115,697 120,195 121,764 120,344 124,215 129,163 118,075 109,522 108,264 99,061 88,715 78,164 70,904 70,965 66,418 63,323 58,924 49,078 42,476 37,876 37,378 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 UKCS Oil Output (Thousand Tonnes) 1975-2014 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2015 https://itportal.decc.gov.uk/pprs/full_production.htm 88,692 105,046 110,748 116,572 125,024 133,479 130,946 125,418 123,362 113,027 101,148 89,477 82,675 80,396 69,429 67,651 52,070 45,815 43,243 43,322 - 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014UKCS Gas Output (MMCuM) 1995-2014 Source: Adapted from DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
  4. 4. 4  The following new fields were brought on stream in 2014: o GOLDEN EAGLE (Nexen) o KINNOULL (BP) o JULIET (GDF Suez) o KEW (Centrica) Source: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/393468/Fi eld_Start-Ups_in_2014__January_2015_.pdf  A large number of new oilfields are under development and a number of other fields have temporarily shut down to enhance or renew their production facilities and will return to production soon. Oil production was 37.4 Million Tonnes in 2014. The additions under way target additional production of 39.2 Million Tonnes per annum. It is clear that, even allowing for natural and normal reductions in flow rates as existing fields mature & decline, output will rise substantially (over 50%) by 2018. This is hidden from the public as both DECC and the OBR are forecasting a decrease in output over the period. This isn’t credible. Output is rising in 2015 but DECC & the OBR say it is falling!  The above chart shows oil output from the UKCS in every year from 1975 onwards. It shows the effect of current investment on future production by graphing the projected output from fields which are in the process of coming online. Even allowing for natural rates of decline, the increase between 2013 and 2018 will be over 50 percent.  Wood Mackenzie has produced a very similar projection. DECC has produced one which shows a decrease in output over the same period. This seems impossibly negative. The impossibly negative DECC projection is the one the OBR use when attacking Scottish Government projections. The OBR analysis is partial, it doesn’t reflect reality – its wrong. 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 ThousandTonnes UK Crude Oil Production by start-up year of field (1975-2014 Actual & 2015-2021 Projected) Source: DECC Annual Oil Prodn 1975-2014, Company Data 2015-2021
  5. 5. 5 2) Operators in 2014 The following Companies operated oilfields on the UKCS in 2014. Click on the links to find further details regarding which fields they control:  4 GEN ENERGY  A J LUCAS GROUP LTD  ABERDEEN PRODUCTION AND EXPLORATION COMPANY  AIMWELL ENERGY  ALKANE ENERGY PLC  ALPHA PETROLEUM UK HOLDINGS  ALTWOOD PETROLEUM  ANGUS ENERGY LIMITED  ANTRIM ENERGY INC.  APACHE CORPORATION  ARDENT OIL  ARDMORE ENERGY LIMITED  AREVON ENERGY  ATLANTIC PETROLEUM P/F  AURORA PETROLEUM LIMITED  AZINOR PETROLEUM  BAYERNGAS NORGE AS  BG INTERNATIONAL  BHP BILLITON PETROLEUM  BIOGAS TECHNOLOGY  BLACKLAND PARK EXPLORATION  BP EXPLORATION  BRIGANTES ENERGY  BRITISH DRILLING AND FREEZING COMPANY  BROCKHAM CAPITAL LIMITED  BURGATE E&P  CAIRN ENERGY PLC  CALENERGY GAS (HOLDINGS)  CARRIZO OIL & GAS  CELTIQUE ENERGY HOLDINGS  CENTRICA  CENTRICA STORAGE HOLDINGS  CHEVRON CORPORATION  CHRYSAOR HOLDINGS  CIECO UK  CIRQUE ENERGY (UK) LIMITED  CLUFF NATURAL RESOURCES PLC  CNOOC LIMITED  CNR INTERNATIONAL  COMTRACK VENTURES  CONNAUGHT OIL & GAS LTD.  CONOCOPHILLIPS
  6. 6. 6  CORFE ENERGY  CUADRILLA RESOURCES  DANSK OLIE OG NATURGAS A/S  DESS EXPLORATION CONSULTING LIMITED  DORIEMUS PLC  DYAS B.V.  E.ON E&P UK LIMITED  ECORP INTERNATIONAL  EDEN ENERGY LIMITED  EDISON SPA  EGDON RESOURCES  EGERTON ENERGY VENTURES  ENCOUNTER OIL  ENDEAVOUR INTERNATIONAL  ENEGI OIL PLC  ENERGY RESOURCE TECHNOLOGY  ENI UK LIMITED  ENQUEST PLC  EOG RESOURCES INC.  EUROPA OIL AND GAS  EXXONMOBIL INTERNATIONAL  FAIRFIELD ENERGY LIMITED  FAROE PETROLEUM PLC  FIRST OIL EXPRO  FYRD ENERGY LIMITED  GAS-UNION GMBH  GAZPROM INTERNATIONAL  GDF SUEZ E&P  GROLIFFE  GTO LIMITED  HANSA HYDROCARBONS  HESS LIMITED  HIGHLAND PETROLEUM LIMITED  HOLYWELL RESOURCES  HORSE HILL DEVELOPMENTS LTD  HURRICANE EXPLORATION  HUTTON ENERGY LIMITED  IDEMITSU KOSAN  IGAS PLC  INDEPENDENT OIL AND GAS  INEOS INDUSTRIES  INFRASTRATA PLC  IONA ENERGY COMPANY  ITHACA ENERGY INC.  JAPAN PETROLEUM EXPLORATION CO.  JX NIPPON OIL & GAS  KIMMERIDGE ENERGY MANAGEMENT LTD  KOREA NATIONAL OIL CORPORATION  KUWAIT PETROLEUM CORPORATION  MAERSK GROUP  MAGELLAN PETROLEUM CORPORATION
  7. 7. 7  MARATHON OIL UK LIMITED  MARGIN OIL AND GAS (UK) LIMITED  MARUBENI OIL & GAS  MITSUBISHI CORPORATION  MITSUI E&P UK LIMITED  MOL GROUP  MONTROSE INDUSTRIES  MOORLAND ENERGY  MPX OIL & GAS  MURPHY PETROLEUM  NATIONAL IRANIAN OIL CO.  NEBULA RESOURCES LIMITED  NOBLE ENERGY EUROPE  NORTH SEA ENERGY INC.  NORWEGIAN ENERGY COMPANY ASA  NORWEST ENERGY  OK ENERGY LIMITED  OMV (UK) LIMITED  ONSHORE OILFIELD SERVICES LIMITED  ORANJE-NASSAU ENERGIE  ORIGO EXPLORATION  OYSTER PETROLEUM  PA RESOURCES AB  PARKMEAD GROUP PLC  PERENCO OIL & GAS  PETROFAC  PETRONAS ENERGY TRADING  PREMIER OIL PLC  PROVIDENCE RESOURCES  REACH ENERGY LIMITED  REACH OIL & GAS  ROC OIL (UK) LIMITED  ROYAL DUTCH SHELL  RWE DEA UK HOLDINGS  SCOTTISH AND SOUTHERN ENERGY PLC  SCOTTISH POWER PLC  SERICA ENERGY  SHERRITT INTERNATIONAL CORPORATION  SOJITZ UK PLC  SONOREX OIL AND GAS  SPIKE EXPLORATION  STATOIL ASA  STELINMATVIC INDUSTRIES  STERLING RESOURCES  SUMITOMO CORPORATION  SUNCOR ENERGY INC.  SWIFT EXPLORATION  TALISMAN SINOPEC ENERGY  TAQA EUROPA B.V.  TERRAIN ENERGY  TGS GEOPHYSICAL COMPANY (UK) LIMITED
  8. 8. 8  THE CHATSWORTH ESTATES COMPANY  THE STEAM OIL PRODUCTION COMPANY LTD  THIRD ENERGY  TOTAL UPSTREAM UK LIMITED  TRAP OIL GROUP PLC  TULLOW UK  U.K. GAS LIMITED  U.K. ONSHORE GAS LIMITED  UK OIL & GAS INVESTMENTS PLC  UNION JACK OIL PLC  VERITAS GEOPHYSICAL  VERUS PETROLEUM  WARWICK ENERGY  WESSEX HYDROCARBONS LIMITED  WESTOIL LIMITED  WINGAS GMBH  WINTERSHALL B.V.  XCITE ENERGY  YORKSHIRE EXPLORATION LIM Source: https://itportal.decc.gov.uk/information/licence_reports/databycompanyandblock.html 3) Oil Production Oil Production by Field: Field Name 2014 Production (Tonnes) 2014 Production (Barrels) Value $ 2014 Production (Barrels/day) BUZZARD 7,717,830 56,571,694 $ 5,597,769,121 154,991 FORTIES 1,907,040 13,978,603 $ 1,383,182,767 38,298 JASMINE 1,764,720 12,935,398 $ 1,279,957,632 35,439 CAPTAIN 1,149,840 8,428,327 $ 833,982,957 23,091 ALBA 880,520 6,454,212 $ 638,644,277 17,683 FOINAVEN 870,140 6,378,126 $ 631,115,568 17,474 CLAIR 831,890 6,097,754 $ 603,372,758 16,706 WYTCH FARM 831,590 6,095,555 $ 603,155,167 16,700 FRANKLIN 675,680 4,952,734 $ 490,073,029 13,569 GRYPHON 643,860 4,719,494 $ 466,993,931 12,930 NINIAN 576,710 4,227,284 $ 418,289,752 11,582 HUNTINGTON 568,680 4,168,424 $ 412,465,555 11,420 MAGNUS 566,000 4,148,780 $ 410,521,781 11,367 BERYL 561,820 4,118,141 $ 407,490,052 11,283 TELFORD 522,290 3,828,386 $ 378,818,795 10,489 MACHAR 499,360 3,660,309 $ 362,187,576 10,028 HARDING 479,480 3,514,588 $ 347,768,483 9,629 SCOTT 427,590 3,134,235 $ 310,132,553 8,587
  9. 9. 9 CORMORANT NORTH 420,820 3,084,611 $ 305,222,258 8,451 DON SOUTH WEST 392,820 2,879,371 $ 284,913,760 7,889 BALLOCH 382,450 2,803,359 $ 277,392,373 7,680 THISTLE 378,420 2,773,819 $ 274,469,390 7,600 TERN 364,040 2,668,413 $ 264,039,466 7,311 MACLURE 363,910 2,667,460 $ 263,945,167 7,308 BACCHUS 345,090 2,529,510 $ 250,295,015 6,930 MUNGO 324,230 2,376,606 $ 235,165,164 6,511 NELSON 322,340 2,362,752 $ 233,794,310 6,473 PELICAN 320,200 2,347,066 $ 232,242,181 6,430 CALLANISH 315,970 2,316,060 $ 229,174,137 6,345 WEST BRAE 313,870 2,300,667 $ 227,651,000 6,303 ETTRICK 306,620 2,247,525 $ 222,392,599 6,158 BLAKE 303,120 2,221,870 $ 219,854,037 6,087 WEST DON 298,510 2,188,078 $ 216,510,318 5,995 CLAYMORE 283,000 2,074,390 $ 205,260,891 5,683 CORMORANT SOUTH 278,300 2,039,939 $ 201,851,964 5,589 CHESTNUT 277,940 2,037,300 $ 201,590,835 5,582 NEVIS 260,120 1,906,680 $ 188,665,986 5,224 ATHENA 240,580 1,763,451 $ 174,493,476 4,831 PENGUIN EAST 236,280 1,731,932 $ 171,374,671 4,745 DUNBAR 221,410 1,622,935 $ 160,589,418 4,446 PIPER 216,360 1,585,919 $ 156,926,685 4,345 STARLING 215,650 1,580,715 $ 156,411,749 4,331 DOUGLAS 213,730 1,566,641 $ 155,019,127 4,292 ELGIN 209,050 1,532,337 $ 151,624,746 4,198 JANICE 204,480 1,498,838 $ 148,310,020 4,106 JADE 204,360 1,497,959 $ 148,223,043 4,104 STATFJORD 198,840 1,457,497 $ 144,219,328 3,993 DUNLIN 195,970 1,436,460 $ 142,137,717 3,936 ALWYN NORTH 190,740 1,398,124 $ 138,344,370 3,830 BITTERN 189,000 1,385,370 $ 137,082,362 3,796 BROOM 177,100 1,298,143 $ 128,451,250 3,557 MACCULLOCH 175,250 1,284,583 $ 127,109,488 3,519 BRAEMAR 173,420 1,271,169 $ 125,782,173 3,483 COOK 170,260 1,248,006 $ 123,490,194 3,419 BUCHAN 166,770 1,222,424 $ 120,958,855 3,349 BLANE 158,140 1,159,166 $ 114,699,476 3,176 GUILLEMOT A 156,100 1,144,213 $ 113,219,876 3,135 MADOES 141,020 1,033,677 $ 102,282,339 2,832 BANFF 136,560 1,000,985 $ 99,047,466 2,742
  10. 10. 10 JUDY 135,080 990,136 $ 97,973,957 2,713 DEVENICK 128,680 943,224 $ 93,332,015 2,584 MERGANSER 117,820 863,621 $ 85,455,298 2,366 LOCHRANZA 115,950 849,914 $ 84,098,990 2,329 HUDSON 115,070 843,463 $ 83,460,664 2,311 BLACKBIRD 111,900 820,227 $ 81,161,462 2,247 BRITANNIA 111,830 819,714 $ 81,110,700 2,246 JOANNE 110,120 807,180 $ 79,870,461 2,211 EVEREST 109,210 800,509 $ 79,210,366 2,193 TULLICH 108,950 798,604 $ 79,021,866 2,188 OSPREY 106,590 781,305 $ 77,310,130 2,141 ERSKINE 104,880 768,770 $ 76,069,792 2,106 GOLDEN EAGLE 102,880 754,110 $ 74,619,185 2,066 BRUCE 102,280 749,712 $ 74,184,002 2,054 AUK NORTH 101,010 740,403 $ 73,262,877 2,029 GANNET A 100,470 736,445 $ 72,871,233 2,018 KYLE 97,140 712,036 $ 70,455,962 1,951 PENGUIN WEST 97,030 711,230 $ 70,376,209 1,949 AUK 96,280 705,732 $ 69,832,181 1,934 BRENDA 96,170 704,926 $ 69,752,428 1,931 BURGHLEY 89,300 654,569 $ 64,769,603 1,793 MAULE 85,630 627,668 $ 62,107,749 1,720 HEATHER {AND EXT} 84,500 619,385 $ 61,288,146 1,697 FULMAR 82,250 602,893 $ 59,656,262 1,652 HOWE 82,000 601,060 $ 59,474,887 1,647 BEATRICE 80,250 588,233 $ 58,205,655 1,612 ROCHELLE 79,690 584,128 $ 57,799,466 1,600 BRAE CENTRAL 78,860 578,044 $ 57,197,454 1,584 GROUSE 77,550 568,442 $ 56,247,336 1,557 CAUSEWAY 77,430 567,562 $ 56,160,260 1,555 FALCON 76,990 564,337 $ 55,841,146 1,546 EIDER 74,040 542,713 $ 53,701,451 1,487 BOA 73,220 536,703 $ 53,106,762 1,470 AFFLECK 73,010 535,163 $ 52,954,379 1,466 TWEEDSMUIR SOUTH 72,620 532,305 $ 52,671,580 1,458 BRODGAR 69,640 510,461 $ 50,510,116 1,399 ORION 67,540 495,068 $ 48,986,979 1,356 CLYDE 66,950 490,744 $ 48,559,119 1,345 GUILLEMOT NW 66,920 490,524 $ 48,537,350 1,344 DEVERON 62,180 455,779 $ 45,099,332 1,249 LYELL 58,590 429,465 $ 42,495,562 1,177
  11. 11. 11 DONAN {MAERSK} 57,960 424,847 $ 42,038,611 1,164 BRENT 57,890 424,334 $ 41,987,849 1,163 HERON 55,910 409,820 $ 40,551,689 1,123 CLAPHAM 52,820 387,171 $ 38,310,570 1,061 GANNET F 48,930 358,657 $ 35,489,110 983 GOOSANDER 48,040 352,133 $ 34,843,560 965 SEYMOUR 47,590 348,835 $ 34,517,223 956 BUCKLAND 46,720 342,458 $ 33,886,219 938 BRAE NORTH 45,020 329,997 $ 32,653,203 904 CURLEW 44,310 324,792 $ 32,138,168 890 ELLON 42,650 312,625 $ 30,934,244 857 TONTO 38,080 279,126 $ 27,619,518 765 PICT 36,840 270,037 $ 26,720,161 740 GRANT 35,970 263,660 $ 26,089,157 722 MIRREN 35,320 258,896 $ 25,617,759 709 BALMORAL 34,570 253,398 $ 25,073,732 694 KINGFISHER 33,490 245,482 $ 24,290,444 673 JAMES 33,110 242,696 $ 24,014,769 665 TWEEDSMUIR 33,080 242,476 $ 23,993,000 664 MALLARD 32,350 237,126 $ 23,463,618 650 CURLEW C 31,200 228,696 $ 22,629,469 627 NICOL 30,670 224,811 $ 22,245,048 616 COLUMBA BD 30,480 223,418 $ 22,107,211 612 WELTON 30,000 219,900 $ 21,759,105 602 JURA 29,510 216,308 $ 21,403,677 593 THELMA 28,350 207,806 $ 20,562,404 569 BRAE EAST 27,280 199,962 $ 19,786,240 548 SAXON 27,130 198,863 $ 19,677,494 545 FLEMING 26,280 192,632 $ 19,060,936 528 TIFFANY 24,100 176,653 $ 17,479,814 484 CORMORANT EAST 23,730 173,941 $ 17,211,462 477 SCOTER 23,700 173,721 $ 17,189,693 476 BRAE SOUTH 23,270 170,569 $ 16,877,803 467 SINGLETON 22,750 166,758 $ 16,500,704 457 MARIA 19,580 143,521 $ 14,201,403 393 KEITH 19,550 143,302 $ 14,179,733 393 SKENE 19,510 143,008 $ 14,150,642 392 BARDOLINO 19,340 141,762 $ 14,027,350 388 GUILLEMOT W 19,170 140,516 $ 13,904,058 385 HUMBLY GROVE 18,740 137,364 $ 13,592,168 376 MERLIN 18,340 134,432 $ 13,302,046 368
  12. 12. 12 STRATHSPEY 18,100 132,673 $ 13,127,993 363 STOCKBRIDGE 17,120 125,490 $ 12,417,236 344 LOMOND 15,160 111,123 $ 10,995,621 304 DOUGLAS WEST 14,920 109,364 $ 10,821,568 300 GANNET D 13,120 96,170 $ 9,516,022 263 COLUMBA E 12,590 92,285 $ 9,131,601 253 DUNLIN SOUTH WEST 11,910 87,300 $ 8,638,335 239 WOOD 11,770 86,274 $ 8,536,812 236 FIONN 11,590 84,955 $ 8,406,297 233 CONRIE 10,950 80,264 $ 7,942,123 220 PIERCE 9,810 71,907 $ 7,115,198 197 STIRLING 9,170 67,216 $ 6,651,023 184 MURCHISON 9,020 66,117 $ 6,542,277 181 BIRCH 8,090 59,300 $ 5,867,735 162 SALTIRE 7,850 57,541 $ 5,693,682 158 LARCH 7,600 55,708 $ 5,512,307 153 COLD HANWORTH 7,570 55,488 $ 5,490,538 152 HORNDEAN 7,440 54,535 $ 5,396,238 149 ISLAY 7,140 52,336 $ 5,178,647 143 TEAL 6,750 49,478 $ 4,895,848 136 BLETCHINGLEY 6,540 47,938 $ 4,743,465 131 JACKY 6,190 45,373 $ 4,489,658 124 GLENTWORTH 5,290 38,776 $ 3,836,885 106 ROSS 5,280 38,702 $ 3,829,563 106 MARNOCK 5,000 36,650 $ 3,626,518 100 SCAMPTON NORTH 4,950 36,284 $ 3,590,302 99 BECKINGHAM 4,580 33,571 $ 3,321,850 92 GAINSBOROUGH 4,150 30,420 $ 3,010,059 83 DRAKE 4,140 30,346 $ 3,002,737 83 WAREHAM 3,920 28,734 $ 2,843,229 79 WEST FIRSBY 3,840 28,147 $ 2,785,146 77 LONG CLAWSON 3,750 27,488 $ 2,719,938 75 SYCAMORE 3,590 26,315 $ 2,603,869 72 BEINN 3,420 25,069 $ 2,480,578 69 LENNOX 3,420 25,069 $ 2,480,578 69 NETHAN 3,320 24,336 $ 2,408,047 67 RHUM 3,250 23,823 $ 2,357,286 65 LEVEN 3,160 23,163 $ 2,291,979 63 AVINGTON 3,090 22,650 $ 2,241,218 62 LYBSTER 3,080 22,576 $ 2,233,895 62 MEDWIN 3,000 21,990 $ 2,175,911 60
  13. 13. 13 PALMERS WOOD 2,980 21,843 $ 2,161,365 60 ANDREW 2,880 21,110 $ 2,088,835 58 KIMMERIDGE 2,640 19,351 $ 1,914,781 53 CORRINGHAM 2,330 17,079 $ 1,689,967 47 KINNOULL 2,220 16,273 $ 1,610,213 45 MONTROSE 1,920 14,074 $ 1,392,622 39 FISKERTON AIRFIELD 1,880 13,780 $ 1,363,531 38 STORRINGTON 1,870 13,707 $ 1,356,308 38 EAST GLENTWORTH 1,690 12,388 $ 1,225,793 34 CROSBY WARREN 1,560 11,435 $ 1,131,493 31 BOTHAMSALL 1,550 11,362 $ 1,124,270 31 KEDDINGTON 1,480 10,848 $ 1,073,410 30 GOODWORTH 1,450 10,629 $ 1,051,740 29 BROCKHAM 1,250 9,163 $ 906,679 25 NESS 680 4,984 $ 493,167 14 REMPSTONE 500 3,665 $ 362,652 10 WEST BECKINGHAM 500 3,665 $ 362,652 10 HAWKINS 480 3,518 $ 348,106 10 CHANTER 450 3,299 $ 326,436 9 LIDSEY 450 3,299 $ 326,436 9 FARLEYS WOOD 420 3,079 $ 304,667 8 DUKES WOOD 400 2,932 $ 290,121 8 STAINTON 310 2,272 $ 224,814 6 PLAYFAIR 290 2,126 $ 210,368 6 SCAPA 280 2,052 $ 203,045 6 EGMANTON 260 1,906 $ 188,599 5 KITTIWAKE 260 1,906 $ 188,599 5 WADDOCK CROSS 250 1,833 $ 181,375 5 SOUTH LEVERTON 170 1,246 $ 123,292 3 NETTLEHAM 140 1,026 $ 101,523 3 SCAMPTON 140 1,026 $ 101,523 3 Note: Oil price is taken from BP Statistical Review of World Energy 2015 page 15. No attempt has been made to determine the quality of oil in each field and to adjust accordingly. Sales value is therefore an approximation based on an average price.
  14. 14. 14 7,717,830 1,907,040 1,764,720 1,149,840 880,520 870,140 831,890 831,590 675,680 643,860 576,710 568,680 566,000 561,820 522,290 499,360 479,480 427,590 420,820 392,820 North Sea Oil Output by Field Top 20 Annual Total (Tonnes) 2014 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2015 https://itportal.decc.gov.uk/pprs/full_production.htm
  15. 15. 15 9,083,080 1,980,790 1,570,450 1,357,160 911,490 823,250 583,650 545,100 540,710 540,300 527,950 525,690 465,400 460,800 440,820 435,490 435,260 435,090 432,070 417,740 North Sea Oil Output by Field Top 20 Annual Total (Tonnes) 2013 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June 2014 https://www.og.decc.gov.uk/pprs/full_production.htm
  16. 16. 16 9,141,111. 3,042,652. 2,658,105. 2,261,638. 1,969,389. 1,967,289. 1,758,758. 1,580,382. 1,305,929. 1,147,195. 935,532. 902,296. 894,182. 815,792. 803,324. 786,257. 649,057. 617,742. 611,349. 582,291. UKCS Oil Output by Field Top 20 Annual Total (Tonnes) 2009
  17. 17. 17 Oil Production by Company: Equity Holder Tonnes 2014 Production (Barrels) Value $ 2014 Production (Barrels/day) NEXEN PETROLEUM 4,350,070 31,886,013 $ 3,155,120,986 87,359 APACHE 2,892,368 21,201,057 $ 2,097,844,590 58,085 BG INTERNATIONAL LIMITED 2,861,971 20,978,247 $ 2,075,797,541 57,475 TAQA BRATANI LIMITED 2,470,360 18,107,739 $ 1,791,760,774 49,610 SUNCOR ENERGY UK LIMITED 2,335,090 17,116,210 $ 1,693,648,980 46,894 BP 2,370,321 17,374,453 $ 1,719,202,124 47,601 MAERSK OIL NORTH SEA 1,992,321 14,603,713 $ 1,445,037,401 40,010 SHELL U.K. LIMITED 1,615,464 11,841,351 $ 1,171,701,681 32,442 CHEVRON NORTH SEA LIMITED 1,604,522 11,761,146 $ 1,163,765,397 32,222 CONOCOPHILLIPS (U.K.) LIMITED 1,456,990 10,679,737 $ 1,056,759,976 29,260 TALISMAN SINOPEC 1,426,529 10,456,458 $ 1,034,666,519 28,648 ENI 1,173,543 8,602,070 $ 851,174,827 23,567 ENQUEST 1,150,097 8,430,211 $ 834,169,378 23,096 TOTAL E&P UK LIMITED 986,743 7,232,826 $ 715,688,133 19,816 ESSO E&P UK LIMITED 922,963 6,765,319 $ 669,428,315 18,535 CNR 840,078 6,157,772 $ 609,311,539 16,871 DANA PETROLEUM (E&P) LIMITED 806,071 5,908,500 $ 584,646,075 16,188 PREMIER OIL UK LIMITED 674,090 4,941,080 $ 488,919,866 13,537 CENTRICA 633,852 4,646,135 $ 459,735,058 12,729 MARATHON OIL U.K. LLC 481,906 3,532,371 $ 349,528,110 9,678 ITHACA ENERGY (UK) LIMITED 463,468 3,397,220 $ 336,154,919 9,307 PERENCO UK LIMITED 421,160 3,087,103 $ 305,468,842 8,458 EDINBURGH OIL & GAS LIMITED 403,600 2,958,388 $ 292,732,493 8,105 ENDEAVOUR ENERGY UK LIMITED 369,312 2,707,057 $ 267,863,290 7,417 FAIRFIELD 232,967 1,707,648 $ 168,971,770 4,678 JX NIPPON E & P (U.K.) LIMITED 206,231 1,511,673 $ 149,580,043 4,142 E.ON E&P UK LIMITED 200,350 1,468,566 $ 145,314,606 4,023 FIRST OIL 178,849 1,310,963 $ 129,719,789 3,592 MOL OPERATIONS UK LTD 164,963 1,209,179 $ 119,648,262 3,313 STATOIL (U.K.) LIMITED 149,688 1,097,213 $ 108,569,226 3,006 TRANSWORLD PETROLEUM (U.K.) LIMITED 148,923 1,091,606 $ 108,014,414 2,991 IGAS ENERGY plc 128,363 940,901 $ 93,102,154 2,578 MITSUI E&P UK LIMITED 127,140 931,936 $ 92,215,067 2,553 NORECO OIL (UK) LIMITED 113,736 833,685 $ 82,493,131 2,284 MCX 99,843 731,849 $ 72,416,459 2,005 IDEMITSU PETROLEUM UK LTD. 94,105 689,790 $ 68,254,721 1,890 SOJITZ ENERGY PROJECT LIMITED 86,921 637,131 $ 63,044,112 1,746 IONA UK HUNTINGTON LIMITED 85,302 625,264 $ 61,869,873 1,713 ATLANTIC PETROLEUM NORTH SEA LIMITED 77,555 568,478 $ 56,250,898 1,557 DYAS UK LIMITED 64,417 472,177 $ 46,721,914 1,294
  18. 18. 18 VALIANT EXPLORATION LIMITED 49,942 366,075 $ 36,223,121 1,003 PARKMEAD (E&P) LIMITED 48,116 352,690 $ 34,898,676 966 SPIKE EXPLORATION UK LTD 36,087 264,518 $ 26,174,056 725 TRAP OIL LTD 36,087 264,518 $ 26,174,056 725 OMV (U.K.) LIMITED 35,132 257,518 $ 25,481,406 706 FAROE PETROLEUM (U.K.) LIMITED 34,728 254,556 $ 25,188,316 697 CIECO EXPLORATION AND PRODUCTION (UK) LIMITED 29,654 217,364 $ 21,508,168 596 MARUBENI OIL & GAS (U.K.) LIMITED 27,997 205,218 $ 20,306,321 562 Antrim Resources Limited 27,488 201,487 $ 19,937,139 552 NOBLE ENERGY (OILEX) LIMITED 24,535 179,842 $ 17,795,366 493 ROC OIL (GB) LIMITED 24,101 176,660 $ 17,480,507 484 ZEUS PETROLEUM LIMITED 24,058 176,345 $ 17,449,338 483 BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED 22,588 165,570 $ 16,383,152 454 SUMMIT EXPLORATION AND PRODUCTION LIMITED 19,375 142,019 $ 14,052,780 389 HUMBLY GROVE ENERGY LIMITED 18,740 137,364 $ 13,592,168 376 RWE DEA UK SNS LIMITED 14,541 106,586 $ 10,546,685 292 RIGEL PETROLEUM (NI) LIMITED 10,570 77,478 $ 7,666,448 212 EQ PETROLEUM SABAH LTD 10,566 77,449 $ 7,663,579 212 EUROPA OIL & GAS LIMITED 5,400 39,582 $ 3,916,639 108 GDF SUEZ E&P UK LTD 2,942 21,565 $ 2,133,857 59 EGDON RESOURCES U.K. LIMITED 2,849 20,883 $ 2,066,373 57 CIRQUE ENERGY (UK) LIMITED 1,880 13,780 $ 1,363,531 38 IRANIAN OIL COMPANY (U.K.) LIMITED 1,625 11,911 $ 1,178,593 33 BRIDGE ENERGY (SNS) LIMITED 1,135 8,320 $ 823,264 23 ANGUS ENERGY WEALD BASIN NO.3 LIMITED 1,065 7,806 $ 772,404 21 UKOG (GB) LIMITED 744 5,454 $ 539,673 15 DART ENERGY LIMITED 726 5,322 $ 526,612 15 TERRAIN ENERGY LIMITED 572 4,193 $ 414,897 11 ECORP OIL & GAS UK LIMITED 560 4,105 $ 406,190 11 ONSHORE PRODUCTION SERVICES LIMITED 420 3,079 $ 304,667 8 IS E&P Limited 310 2,272 $ 224,814 6 AURORA EXPLORATION 304 2,228 $ 220,461 6 DORIEMUS PLC 215 1,576 $ 155,945 4 BROCKHAM CAPITAL LIMITED 170 1,246 $ 123,292 3 Northern Petroleum 155 1,136 $ 112,407 3 ALBA RESOURCES LIMITED 148 1,085 $ 107,361 3 NIPPON OIL 139 1,019 $ 100,830 3 CAIRN ENERGY plc 60 440 $ 43,538 1 UK OIL & GAS INVESTMENTS plc 40 293 $ 28,992 1 DORSET EXPLORATION 25 183 $ 18,108 1 BLACKLAND PARK EXPLORATION LIMITED 0 - $ - -
  19. 19. 19 BRITANNIA OPERATOR LIMITED 0 - $ - - DONG E&P Norge AS 0 - $ - - HESS LIMITED 0 - $ - - NOIL Energy ASA 0 - $ - - ORANJE-NASSAU ENERGIE HANZE (UK) LIMITED 0 - $ - - VERUS PETROLEUM (PRODUCTION) LIMITED 0 - $ - - 37,378,031 273,980,970 27,110,416,983 750,632 Note: Oil price is taken from BP Statistical Review of World Energy 2015 page 15. No attempt has been made to determine the quality of oil in each field and to adjust accordingly. Sales value is therefore an approximation based on an average price.
  20. 20. 20 4,350,070 2,892,368 2,861,971 2,470,360 2,335,090 2,370,321 1,992,321 1,615,464 1,604,522 1,456,990 1,426,529 1,173,543 1,150,097 986,743 922,963 840,078 806,071 674,090 633,852 481,906 NEXENPETROLEUM APACHE BGINTERNATIONALLIMITED TAQABRATANILIMITED SUNCORENERGYUKLIMITED BP MAERSKOILNORTHSEA SHELLU.K.LIMITED CHEVRONNORTHSEALIMITED CONOCOPHILLIPS(U.K.)LIMITED TALISMANSINOPEC ENI ENQUEST TOTALE&PUKLIMITED ESSOE&PUKLIMITED CNR DANAPETROLEUM(E&P)LIMITED PREMIEROILUKLIMITED CENTRICA MARATHONOILU.K.LLC UKCS Oil Output by Company Annual Total (Tonnes) 2014 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2015 https://itportal.decc.gov.uk/pprs/full_production.htm
  21. 21. 21 4,911,022 3,056,157 2,439,068 2,741,346 2,715,841 2,107,386 1,989,035 1,584,283 1,472,437 1,135,825 1,012,529 959,022 879,647 845,612 876,672 731,156 818,904 758,549 670,194 626,095 NEXEN APACHENORTHSEALIMITED BP BGGroup SUNCORENERGYUKLIMITED TAQABRATANI CHEVRONNORTHSEALIMITED TALISMANSINOPECENERGYUKLIMITED MAERSKOIL ENQUEST DANAPETROLEUM CONOCOPHILLIPS(U.K.)LIMITED CNRINTERNATIONAL CENTRICARESOURCESLIMITED SHELL TOTALE&PUKLIMITED ESSOEXPLORATIONANDPRODUCTIONUKLIMITED ENTERPRISEOILLIMITED MARATHONOIL PREMIEROIL UKCS Oil Output by Company Annual Total (Tonnes) 2013 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June 2014 https://www.og.decc.gov.uk/pprs/full_production.htm
  22. 22. 22 6,810,551 4,837,893 4,021,049 3,508,665 3,461,340 3,282,488 3,185,011 3,061,329 3,043,077 2,955,632 2,869,210 2,273,101 1,733,080 1,691,334 1,607,226 1,375,380 1,049,072 956,353 701,662 700,213 UKCS Oil Output by Company Top 20 Annual Total (Tonnes) 2009
  23. 23. 23 EQUITY HOLDER Tonnes 2014 Tonnes 2013 Difference NEXEN 4,350,070 4,911,022 -560,952 APACHE NORTH SEA LIMITED 2,892,368 3,056,157 -163,789 BG Group 2,861,971 2,741,346 120,625 SUNCOR ENERGY UK LIMITED 2,335,090 2,715,841 -380,751 TAQA BRATANI 2,470,360 2,107,386 362,974 CHEVRON NORTH SEA LIMITED 1,604,522 1,989,035 -384,513 BP 2,370,321 2,439,068 -68,747 TALISMAN SINOPEC ENERGY UK LTD 1,426,529 1,584,283 -157,754 MAERSK OIL 1,992,321 1,472,437 519,884 ENQUEST 1,150,097 1,135,825 14,272 DANA PETROLEUM 806,071 1,012,529 -206,458 CONOCOPHILLIPS (U.K.) LIMITED 1,456,990 959,022 497,968 CNR INTERNATIONAL 840,078 879,647 -39,569 CENTRICA RESOURCES LIMITED 633,852 845,612 -211,760 SHELL 1,615,464 1,635,221 -19,757 TOTAL E&P UK LIMITED 986,743 924,881 61,862 ESSO E & P UK LIMITED 922,963 818,904 104,059 MARATHON OIL 481,906 670,194 -188,288 PREMIER OIL 674,090 626,095 47,995 ITHACA 463,468 537,326 -73,858 ENI 1,173,543 526,058 647,485 PERENCO 421,160 420,257 903 EDINBURGH OIL & GAS LIMITED 403,600 468,687 -65,087 ENDEAVOUR ENERGY UK LIMITED 369,312 413,250 -43,938 FIRST OIL AND GAS 178,849 243,081 -64,232 JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LIMITED 206,231 182,063 24,168 FAIRFIELD 232,967 179,480 53,487 STATOIL (U.K.) LIMITED 149,688 159,952 -10,264 DYAS UK LIMITED 64,417 146,324 -81,907 MITSUI E&P UK LIMITED 127,140 141,200 -14,060 BHP BILLITON 22,588 136,860 -114,272 TRANSWORLD PETROLEUM (U.K.) LIMITED 148,923 134,911 14,012 SUMMIT PETROLEUM 19,375 123,810 -104,435 E.ON E&P 200,350 135,478 64,872 IDEMITSU PETROLEUM UK LTD. 94,105 117,334 -23,229 ATLANTIC PETROLEUM UK LIMITED 77,555 93,911 -16,356 MARUBENI OIL & GAS 27,997 83,777 -55,780 EWE VERTRIEB GMBH 0 87,052 -87,052 MCX (MITSUBISHI) 99,843 76,920 22,923 SPIKE EXPLORATION UK LTD 36,087 65,289 -29,202 TRAP OIL LTD 36,087 65,289 -29,202 NORECO OIL (UK) LIMITED 113,736 73,280 40,456 WINTERSHALL 0 56,495 -56,495
  24. 24. 24 IONA UK HUNTINGTON LIMITED 85,302 54,960 30,342 VALIANT EXPLORATION LIMITED 49,942 53,948 -4,006 ZEUS PETROLEUM LIMITED 24,058 43,526 -19,468 OMV (U.K.) LIMITED 35,132 44,762 -9,630 SOJITZ ENERGY PROJECT LIMITED 86,921 48,144 38,777 CIECO EXPLORATION AND PRODUCTION (UK) LIMITED 29,654 37,421 -7,767 FAROE PETROLEUM (U.K.) LIMITED 34,728 38,593 -3,865 Antrim Resources Limited 27,488 29,692 -2,204 ROC OIL (GB) LIMITED 24,101 26,783 -2,682 NOBLE ENERGY (OILEX) LIMITED 24,535 22,162 2,373 RWE DEA UK SNS LIMITED 14,541 18,151 -3,610 Igas Energy plc 128,363 118,332 10,031 SCHIEHALLION OIL & GAS LIMITED 0 13,323 -13,323 RIGEL PETROLEUM (NI) LIMITED 10,570 13,416 -2,846 HUMBLY GROVE ENERGY LIMITED 18,740 11,570 7,170 EQ PETROLEUM SABAH LTD 10,566 10,938 -372 PALADIN RESOURCES 8,955 -8,955 EUROPA OIL & GAS LIMITED 5,400 5,780 -380 MURPHY PETROLEUM LIMITED 4,999 -4,999 MOL OPERATIONS UK LIMITED 164963 164,963 PARKMEAD (E&P) LIMITED 48116 48,116 GDF SUEZ E&P UK LTD 2,942 62,409 -59,467 IRANIAN OIL COMPANY (U.K.) LIMITED 1,625 0 1,625 UKOG (GB) LIMITED 744 0 744 DART ENERGY LIMITED 726 0 726 ECORP OIL & GAS UK LIMITED 560 0 560 BLACKLAND PARK EXPLORATION LIMITED 2,910 -2,910 NORTH SEA ENERGY (UK) LIMITED 2,677 -2,677 EGDON RESOURCES 2,849 2,246 603 BRIDGE ENERGY 1,135 1,819 -684 ANGUS ENERGY 1,065 1,445 -380 CIRQUE ENERGY (UK) LIMITED 1,880 1,600 280 Northern Petroleum plc 155 845 -690 TERRAIN ENERGY LIMITED 572 490 82 AURORA EXPLORATION 304 295 9 DORIEMUS PLC 215 0 215 BROCKHAM CAPITAL LIMITED 170 0 170 NIPPON OIL 139 0 139 CAIRN ENERGY plc 60 0 60 UK OIL & GAS INVESTMENTS plc 40 0 40 DORSET EXPLORATION 25 0 25 ALBA RESOURCES LIMITED 148 164 -16 IS E&P Limited 310 177 133 IS NV Limited 177 -177
  25. 25. 25 ONSHORE PRODUCTION SERVICES LIMITED 420 90 330 ORANJE-NASSAU ENERGIE HANZE (UK) LIMITED 0 61 -61 FINA EXPLORATION LIMITED 0 64 -64 37,378,031 37,875,513 -497,482
  26. 26. 26 647,485 519,884 497,968 362,974 164,963 120,625 104,059 64,872 61,862 53,487 -104,435 -114,272 -157,754 -163,789 -188,288 -206,458 -211,760 -380,751 -384,513 -560,952 ENI MAERSKOIL CONOCOPHILLIPS(U.K.)LIMITED TAQABRATANI MOLOPERATIONSUKLIMITED BGGroup ESSOE&PUKLIMITED E.ONE&P TOTALE&PUKLIMITED FAIRFIELD SUMMITPETROLEUM BHPBILLITON TALISMANSINOPECENERGYUKLTD APACHENORTHSEALIMITED MARATHONOIL DANAPETROLEUM CENTRICARESOURCESLIMITED SUNCORENERGYUKLIMITED CHEVRONNORTHSEALIMITED NEXEN UKCS Oil Output by Company Production Change in Tonnes 2014v2013 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June 2014 https://www.og.decc.gov.uk/pprs/full_production.htm and Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2015 https://itportal.decc.gov.uk/pprs/full_production.htm
  27. 27. 27 4) Gas Production Gas Production by Field 2014 (000’s Cubic Meters) Field CuM 000's MM BTUs Value $ ROUGH STORAGE 2,388,126 84,335,874 $ 693,240,884 JASMINE 2,040,057 72,043,933 $ 592,201,129 BRITANNIA 1,618,209 57,146,511 $ 469,744,320 MORECAMBE SOUTH 1,403,603 49,567,772 $ 407,447,086 FRANKLIN 1,261,215 44,539,387 $ 366,113,761 BREAGH 1,073,796 37,920,748 $ 311,708,549 SEAN 1,026,774 36,260,182 $ 298,058,696 LENNOX 924,130 32,635,343 $ 268,262,519 JURA 880,337 31,088,808 $ 255,550,002 LEMAN {SHELL} 795,660 28,098,468 $ 230,969,407 STARLING 778,246 27,483,498 $ 225,914,354 BRUCE 699,443 24,700,596 $ 203,038,899 JADE 698,155 24,655,111 $ 202,665,012 EVEREST 644,005 22,742,822 $ 186,945,997 BERYL 640,555 22,620,986 $ 185,944,505 WINGATE 614,736 21,709,197 $ 178,449,599 CHISWICK 604,030 21,331,118 $ 175,341,790 CLIPPER SOUTH 586,699 20,719,080 $ 170,310,838 BARQUE 536,924 18,961,292 $ 155,861,820 BABBAGE 526,863 18,605,991 $ 152,941,246 DEVENICK 522,970 18,468,511 $ 151,811,160 ALWYN NORTH 496,236 17,524,409 $ 144,050,642 JUDY 480,574 16,971,311 $ 139,504,176 JULIET 456,570 16,123,617 $ 132,536,132 ROCHELLE 441,757 15,600,501 $ 128,236,118 CARRACK 431,983 15,255,336 $ 125,398,862 GALLEON 427,469 15,095,925 $ 124,088,504 BRAE EAST 408,151 14,413,717 $ 118,480,754 WEST SOLE 401,220 14,168,951 $ 116,468,777 ERIS 380,293 13,429,921 $ 110,393,951 MERGANSER 376,864 13,308,827 $ 109,398,558 STATFJORD 371,824 13,130,834 $ 107,935,455 CARAVEL 368,202 13,002,931 $ 106,884,093 LEMAN PERENCO 360,040 12,714,693 $ 104,514,776 DUNBAR 344,852 12,178,333 $ 100,105,897 INDE PERENCO 336,535 11,884,621 $ 97,691,585 SATURN ATLAS HYPERION RHEA 322,335 11,383,153 $ 93,569,518 SCOTER 322,019 11,371,994 $ 93,477,791 NEVIS 318,962 11,264,037 $ 92,590,384 BUZZARD 318,208 11,237,409 $ 92,371,502 TELFORD 301,735 10,655,671 $ 87,589,616 RAVENSPURN SOUTH 301,155 10,635,188 $ 87,421,245 ELGIN 290,695 10,265,797 $ 84,384,851 FLEMING 288,460 10,186,869 $ 83,736,063 RHYL 283,067 9,996,417 $ 82,170,548
  28. 28. 28 RAVENSPURN NORTH 283,047 9,995,710 $ 82,164,736 YORK 269,641 9,522,282 $ 78,273,158 CALDER 267,370 9,442,082 $ 77,613,914 BRENT 267,253 9,437,951 $ 77,579,957 CURLEW 261,374 9,230,336 $ 75,873,362 GRANT 247,685 8,746,913 $ 71,899,625 BOULTON 244,563 8,636,661 $ 70,993,353 JOANNE 240,807 8,504,019 $ 69,903,036 MINERVA 239,371 8,453,307 $ 69,486,184 HUMBLY GROVE 235,428 8,314,061 $ 68,341,581 ISLAY 231,063 8,159,913 $ 67,074,485 BANFF 226,575 8,001,421 $ 65,771,681 BRAEMAR 223,409 7,889,614 $ 64,852,627 HEWETT 218,521 7,716,996 $ 63,433,707 CLIPPER 217,636 7,685,743 $ 63,176,807 BRODGAR 208,377 7,358,764 $ 60,489,040 MAGNUS 207,780 7,337,681 $ 60,315,738 KETCH 206,629 7,297,034 $ 59,981,619 MURDOCHK 201,376 7,111,526 $ 58,456,744 SKENE 199,123 7,031,962 $ 57,802,728 LOMOND 198,586 7,012,998 $ 57,646,844 LEMAN SOUTH 192,763 6,807,361 $ 55,956,507 PENGUIN EAST 192,639 6,802,982 $ 55,920,512 MORECAMBE NORTH 183,026 6,463,502 $ 53,129,986 CERES 181,721 6,417,417 $ 52,751,168 KEW 175,431 6,195,287 $ 50,925,259 RITA 169,840 5,997,843 $ 49,302,269 GROVE 164,401 5,805,767 $ 47,723,405 JOHNSTON 161,555 5,705,261 $ 46,897,245 MACHAR 157,844 5,574,208 $ 45,819,990 ERSKINE 157,604 5,565,733 $ 45,750,325 CUTTER 157,416 5,559,094 $ 45,695,753 FORVIE 156,436 5,524,485 $ 45,411,267 VICTOR 153,941 5,436,375 $ 44,687,003 FOINAVEN 152,277 5,377,612 $ 44,203,971 MURDOCH 146,050 5,157,707 $ 42,396,352 ELLON 139,052 4,910,575 $ 40,364,927 KATY 138,544 4,892,635 $ 40,217,460 AMETHYST E 138,051 4,875,225 $ 40,074,350 WHITTLE 137,363 4,850,929 $ 39,874,636 APOLLO 135,651 4,790,470 $ 39,377,663 SKIFF 131,700 4,650,942 $ 38,230,743 ORCA 128,715 4,545,527 $ 37,364,232 KINGFISHER 127,892 4,516,463 $ 37,125,326 SCHOONER 126,591 4,470,519 $ 36,747,666 NEPTUNE 124,647 4,401,867 $ 36,183,347 KILMAR 119,384 4,216,006 $ 34,655,569 FORTIES 119,134 4,207,178 $ 34,583,003 VULCAN 117,213 4,139,338 $ 34,025,358 MILLOM 116,819 4,125,424 $ 33,910,985 BRAE NORTH 112,633 3,977,597 $ 32,695,847 CAVENDISH 106,526 3,761,930 $ 30,923,065
  29. 29. 29 ENSIGN 105,398 3,722,095 $ 30,595,621 HUNTINGTON 103,562 3,657,258 $ 30,062,661 VIKINGB 100,761 3,558,341 $ 29,249,563 HAMILTON 99,102 3,499,754 $ 28,767,978 MUNGO 96,217 3,397,871 $ 27,930,500 RHUM 92,194 3,255,800 $ 26,762,676 STRATHSPEY 87,744 3,098,650 $ 25,470,903 SCOTT 84,327 2,977,980 $ 24,478,996 CAISTER CARBONIFEROUS 81,710 2,885,561 $ 23,719,311 MALORY 79,872 2,820,653 $ 23,185,768 NINIAN 77,290 2,729,471 $ 22,436,252 HOTON 74,341 2,625,328 $ 21,580,196 SEVEN SEAS 73,651 2,600,961 $ 21,379,899 SALTFLEETBY 71,947 2,540,784 $ 20,885,244 VALIANT NORTH 69,915 2,469,025 $ 20,295,386 HYDE 69,234 2,444,976 $ 20,097,703 BRAE SOUTH 68,476 2,418,207 $ 19,877,662 LANCELOT 67,987 2,400,938 $ 19,735,710 ANNABEL 66,492 2,348,143 $ 19,301,735 ALBA 65,278 2,305,271 $ 18,949,328 GRYPHON 65,124 2,299,832 $ 18,904,619 COOK 64,241 2,268,650 $ 18,648,303 HARDING 61,985 2,188,980 $ 17,993,416 TRENT 59,253 2,092,500 $ 17,200,350 PICKERILL 58,840 2,077,915 $ 17,080,461 EXCALIBUR 58,721 2,073,713 $ 17,045,921 MACLURE 57,304 2,023,672 $ 16,634,584 CLAIR 54,933 1,939,941 $ 15,946,315 MARIA 54,655 1,930,123 $ 15,865,611 CAPTAIN 53,453 1,887,675 $ 15,516,689 CALLANISH 53,292 1,881,989 $ 15,469,950 DRAKE 53,274 1,881,354 $ 15,464,730 NUGGETS 53,109 1,875,527 $ 15,416,832 MCADAM 52,994 1,871,465 $ 15,383,442 VALIANT SOUTH 51,712 1,826,192 $ 15,011,298 MIRREN 51,678 1,824,991 $ 15,001,426 INDE SOUTH WEST 50,393 1,779,612 $ 14,628,411 MIMAS 50,136 1,770,536 $ 14,553,806 SEYMOUR 48,937 1,728,194 $ 14,205,755 BELL 47,257 1,668,865 $ 13,718,070 BAIRD 46,523 1,642,944 $ 13,505,000 VICTORIA 46,166 1,630,337 $ 13,401,370 BALLOCH 45,787 1,616,953 $ 13,291,354 MADOES 45,254 1,598,130 $ 13,136,629 HUNTER 44,458 1,570,019 $ 12,905,556 WENLOCK 43,134 1,523,263 $ 12,521,222 MARNOCK 43,109 1,522,380 $ 12,513,964 MUNRO 42,844 1,513,022 $ 12,437,041 CORMORANT SOUTH 41,741 1,474,070 $ 12,116,855 DOUGLAS 41,656 1,471,068 $ 12,092,179 BLAKE 41,257 1,456,977 $ 11,976,351 NEWSHAM 40,313 1,423,640 $ 11,702,321
  30. 30. 30 CHESTNUT 40,004 1,412,728 $ 11,612,624 ETTRICK 38,339 1,353,929 $ 11,129,296 PENGUIN WEST 37,568 1,326,701 $ 10,905,482 NELSON 35,996 1,271,187 $ 10,449,157 AFFLECK 35,965 1,270,092 $ 10,440,156 THISTLE 34,499 1,218,304 $ 10,014,459 GANNET A 34,370 1,213,765 $ 9,977,148 PIPER 34,105 1,204,407 $ 9,900,226 HOWE 31,254 1,103,725 $ 9,072,620 AMETHYST W 30,924 1,092,071 $ 8,976,824 HERON 29,909 1,056,226 $ 8,682,178 SEAN EAST 29,869 1,054,814 $ 8,670,571 HAMILTON NORTH 28,553 1,008,340 $ 8,288,555 WYTCH FARM 27,876 984,432 $ 8,092,031 THELMA 27,833 982,913 $ 8,079,545 TERN 27,311 964,479 $ 7,928,017 CORMORANT NORTH 27,190 960,206 $ 7,892,893 BRAE CENTRAL 24,216 855,180 $ 7,029,580 BITTERN 23,941 845,468 $ 6,949,747 FULMAR 23,710 837,311 $ 6,882,696 SHAMROCK 23,580 832,720 $ 6,844,958 MERCURY 23,083 815,168 $ 6,700,681 ANGLIA 22,522 795,357 $ 6,537,835 VIXEN 22,319 788,188 $ 6,478,905 OTTER 22,143 781,973 $ 6,427,818 TWEEDSMUIR SOUTH 21,629 763,821 $ 6,278,609 WEST BRAE 20,722 731,791 $ 6,015,322 BACCHUS 20,681 730,343 $ 6,003,419 JANICE 20,391 720,101 $ 5,919,230 VANGUARD 20,339 718,265 $ 5,904,138 MARKHAM 20,132 710,952 $ 5,844,025 GALAHAD 19,410 685,458 $ 5,634,465 DON SOUTH WEST 19,046 672,603 $ 5,528,797 GARROW 18,981 670,308 $ 5,509,932 ORION 18,908 667,730 $ 5,488,741 DAVY 18,077 638,383 $ 5,247,508 ANDREW 17,725 625,952 $ 5,145,325 BROOM 17,652 623,374 $ 5,124,134 MACCULLOCH 16,630 587,283 $ 4,827,466 CLEETON 16,302 575,700 $ 4,732,254 LOCHRANZA 15,986 564,540 $ 4,640,519 BOA 15,549 549,108 $ 4,513,668 BEINN 15,293 540,067 $ 4,439,351 ATHENA 14,723 519,938 $ 4,273,890 HEATHER {AND EXT} 13,744 485,365 $ 3,989,700 BRENDA 13,684 483,246 $ 3,972,282 BLACKBIRD 13,437 474,523 $ 3,900,579 KYLE 13,372 472,228 $ 3,881,714 MORDRED 12,692 448,214 $ 3,684,319 GUILLEMOT NW 12,686 448,002 $ 3,682,576 GUILLEMOT A 12,477 440,621 $ 3,621,905 BUCKLAND 11,449 404,318 $ 3,323,494
  31. 31. 31 TETHYS 10,502 370,875 $ 3,048,593 DUNLIN 10,179 359,468 $ 2,954,827 TYNE NORTH 9,773 345,130 $ 2,836,969 AUDREY 9,644 340,575 $ 2,799,527 DAVY EAST 9,399 331,923 $ 2,728,407 KEITH 9,381 331,287 $ 2,723,179 BLANE 9,349 330,150 $ 2,713,833 WEST DON 9,341 329,874 $ 2,711,564 WINDERMERE 9,280 327,720 $ 2,693,858 WAVENEY 9,270 327,367 $ 2,690,957 BOYLE 9,116 321,929 $ 2,646,256 CLAYMORE 8,135 287,285 $ 2,361,483 TULLICH 8,077 285,237 $ 2,344,648 DALTON 7,883 278,386 $ 2,288,333 WOOD 7,444 262,882 $ 2,160,890 GUILLEMOT W 7,364 260,057 $ 2,137,669 AUK NORTH 7,059 249,286 $ 2,049,131 BUCHAN 6,954 245,578 $ 2,018,651 HUDSON 6,709 236,926 $ 1,947,532 CLYDE 6,512 229,969 $ 1,890,345 GROUSE 6,486 229,051 $ 1,882,799 SINGLETON 6,460 228,133 $ 1,875,253 BOULTONH 6,261 221,105 $ 1,817,483 LYBSTER 6,181 218,280 $ 1,794,262 MALLARD 5,847 206,485 $ 1,697,307 EIDER 5,759 203,377 $ 1,671,759 HAWKINS 5,519 194,902 $ 1,602,094 TWEEDSMUIR 5,361 189,322 $ 1,556,227 NICOL 5,020 177,280 $ 1,457,242 GANNET F 4,944 174,596 $ 1,435,179 DONAN {MAERSK} 4,940 174,454 $ 1,434,012 PICT 4,890 172,689 $ 1,419,504 PICKERING 4,813 169,969 $ 1,397,145 LYELL 4,533 160,081 $ 1,315,866 DELILAH 4,387 154,925 $ 1,273,484 TIFFANY 4,277 151,041 $ 1,241,557 BARDOLINO 4,033 142,424 $ 1,170,725 GUINEVERE 3,944 139,281 $ 1,144,890 AUK 3,927 138,681 $ 1,139,958 CORMORANT EAST 3,821 134,937 $ 1,109,182 TYNE SOUTH 3,755 132,607 $ 1,090,030 OSPREY 3,722 131,441 $ 1,080,445 SALTIRE 3,718 131,300 $ 1,079,286 YARE 3,571 126,109 $ 1,036,616 GOLDEN EAGLE 3,473 122,648 $ 1,008,167 MAULE 3,465 122,365 $ 1,005,840 BARQUE SOUTH 3,443 121,588 $ 999,453 MURCHISON 3,343 118,059 $ 970,445 BROWN 3,050 107,710 $ 885,376 COLUMBA BD 2,859 100,965 $ 829,932 CAUSEWAY 2,580 91,112 $ 748,941 KIRBY MISPERTON 2,543 89,805 $ 738,197
  32. 32. 32 FALCON 2,518 88,922 $ 730,939 BURE WEST 2,512 88,710 $ 729,196 GANNET D 2,441 86,203 $ 708,589 DEVERON 2,430 85,831 $ 705,531 SAXON 2,367 83,590 $ 687,110 TONTO 2,207 77,939 $ 640,659 BEATRICE 2,187 77,233 $ 634,855 VISCOUNT 2,146 75,785 $ 622,953 GOOSANDER 2,070 73,101 $ 600,890 BIRCH 2,034 71,830 $ 590,443 BURGHLEY 1,734 61,236 $ 503,360 NESS 1,475 52,089 $ 428,172 PIERCE 1,452 51,277 $ 421,497 COLUMBA E 1,445 51,030 $ 419,467 CLAPHAM 1,324 46,757 $ 384,343 TEAL 1,316 46,474 $ 382,016 WELTON 1,214 42,872 $ 352,408 SYCAMORE 1,151 40,647 $ 334,118 FIONN 1,024 36,162 $ 297,252 BALMORAL 950 33,549 $ 275,773 BLETCHINGLEY 944 33,337 $ 274,030 JAMES 936 33,055 $ 271,712 ROSS 782 27,616 $ 227,004 BURE 750 26,486 $ 217,715 VALKYRIE 685 24,191 $ 198,850 GANYMEDE 659 23,272 $ 191,296 MERLIN 624 22,036 $ 181,136 DUNLIN SOUTH WEST 621 21,930 $ 180,265 CONRIE 573 20,235 $ 166,332 DOUGLAS WEST 563 19,882 $ 163,430 PELICAN 535 18,893 $ 155,300 KEDDINGTON 516 18,222 $ 149,785 THAMES 409 14,444 $ 118,730 WENSUM 368 12,996 $ 106,827 NETHAN 363 12,819 $ 105,372 LEVEN 340 12,007 $ 98,698 MEDWIN 326 11,513 $ 94,637 STORRINGTON 315 11,124 $ 91,439 LARCH 298 10,524 $ 86,507 MONTROSE 274 9,676 $ 79,537 KINNOULL 273 9,641 $ 79,249 MARISHES 266 9,394 $ 77,219 HORNDEAN 249 8,793 $ 72,278 STIRLING 237 8,370 $ 68,801 GAINSBOROUGH 233 8,228 $ 67,634 PALMERS WOOD 231 8,158 $ 67,059 PLAYFAIR 222 7,840 $ 64,445 JACKY 196 6,922 $ 56,899 COLD HANWORTH 169 5,968 $ 49,057 SCAMPTON NORTH 153 5,403 $ 44,413 CROSBY WARREN 150 5,297 $ 43,541 REMPSTONE 137 4,838 $ 39,768
  33. 33. 33 CHANTER 128 4,520 $ 37,154 EUROPA 127 4,485 $ 36,867 STOCKBRIDGE 98 3,461 $ 28,449 CURLEW C 89 3,143 $ 25,835 BECKINGHAM 71 2,507 $ 20,608 LONG CLAWSON 62 2,190 $ 18,002 DOE GREEN 58 2,048 $ 16,835 GLENTWORTH 37 1,307 $ 10,744 EAST GLENTWORTH 34 1,201 $ 9,872 KITTIWAKE 31 1,095 $ 9,001 CORRINGHAM 25 883 $ 7,258 BOTHAMSALL 17 600 $ 4,932 AVINGTON 13 459 $ 3,773 CAISTER BUNTER 13 459 $ 3,773 WEST BECKINGHAM 11 388 $ 3,189 GAWAIN 5 177 $ 1,455 SCAPA 5 177 $ 1,455 TOPAZ 4 141 $ 1,159 HELVELLYN 3 106 $ 871 SOUTH LEVERTON 3 106 $ 871 SCAMPTON 2 71 $ 584 STAINTON 2 71 $ 584 KESTREL 1 35 $ 288 WADDOCK CROSS 1 35 $ 288 43,322,569 1,529,922,075 $12,575,959,464
  34. 34. 34 2,388 2,040 1,618 1,404 1,261 1,074 1,027 924 880 796 778 699 698 644 641 615 604 587 537 527 UKCS Gas Output by Field Top 20 Annual Total (MMCuM) 2014 Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
  35. 35. 35 3,147 1,872 1,622 1,211 1,085 998 984 925 883 841 773 722 711 644 623 623 606 604 572 514 UKCS Gas Output by Field Top 20 Annual Total (MMCuM) 2013 Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://www.og.decc.gov.uk/pprs/full_production.htm
  36. 36. 36 3,074 2,713 2,088 2,007 1,722 1,566 1,495 1,461 1,382 1,206 1,092 1,074 961 960 941 830 806 806 792 739 UKCS Gas Output by Field Top 20 Annual Total (MMCuM) 2009
  37. 37. 37 Gas Production by Company (Million Cubic Metres) Equity Holder Total MMm3 MM BTUs Value $ CENTRICA 6,859 242,223,299 $ 1,991,075,518 TOTAL E&P UK LTD 3,576 126,285,248 $ 1,038,064,739 CONOCOPHILLIPS 3,328 117,527,211 $ 966,073,674 ESSO E & P UK LIMITED 3,308 116,820,917 $ 960,267,938 SHELL U.K. LIMITED 2,997 105,838,056 $ 869,988,820 PERENCO UK LIMITED 2,900 102,412,533 $ 841,831,021 BG INTERNATIONAL LIMITED 2,603 91,924,077 $ 755,615,913 ENI UK LIMITED 2,095 73,984,227 $ 608,150,346 RWE DEA UK SNS LIMITED 1,378 48,663,611 $ 400,014,882 BP EXPLORATION 1,231 43,472,355 $ 357,342,758 TAQA BRATANI LIMITED 1,060 37,433,547 $ 307,703,756 SSE E&P UK LIMITED 1,008 35,597,184 $ 292,608,852 CHEVRON NORTH SEA LIMITED 939 33,160,472 $ 272,579,080 APACHE 865 30,547,187 $ 251,097,877 E.ON E&P UK LIMITED 833 29,417,117 $ 241,808,702 NEXEN PETROLEUM U.K. LIMITED 641 22,636,701 $ 186,073,682 GDF SUEZ E&P UK LTD 601 21,224,115 $ 174,462,225 LIVERPOOL BAY LIMITED 504 17,798,592 $ 146,304,426 DANA PETROLEUM (E&P) LIMITED 479 16,915,725 $ 139,047,260 ENTERPRISE OIL LIMITED 446 15,750,341 $ 129,467,803 BURLINGTON RESOURCES (IRISH SEA) LIMITED 392 13,843,349 $ 113,792,329 CNR INTERNATIONAL (U.K.) LIMITED 381 13,454,888 $ 110,599,179 MARATHON OIL U.K. LLC 345 12,183,560 $ 100,148,863 STERLING RESOURCES LTD 322 11,371,323 $ 93,472,275 Wintershall Noordzee 304 10,735,659 $ 88,247,117 MAERSK OIL UK LIMITED 247 8,722,723 $ 71,700,783 TULLOW OIL SK LIMITED 245 8,652,093 $ 71,120,204 HUMBLY GROVE ENERGY LIMITED 235 8,298,947 $ 68,217,344 ENDEAVOUR ENERGY UK LIMITED 218 7,698,597 $ 63,282,467 BAYERNGAS EUROPE LIMITED 215 7,592,653 $ 62,411,608 FAROE PETROLEUM (U.K.) LIMITED 210 7,416,080 $ 60,960,178 FIRST OIL EXPRO LIMITED 168 5,932,864 $ 48,768,142 TALISMAN SINOPEC N SEA LIMITED 168 5,932,864 $ 48,768,142 FAIRFIELD ACER LIMITED 157 5,544,403 $ 45,574,993 MITSUI E&P UK LIMITED 154 5,438,459 $ 44,704,133 PREMIER OIL UK LIMITED 130 4,590,907 $ 37,737,256 EDISON E&P UK LTD 129 4,555,592 $ 37,446,966 Gazprom Germania 123 4,343,704 $ 35,705,247 BOWLAND RESOURCES LIMITED 121 4,273,075 $ 35,124,677 BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED 115 4,061,187 $ 33,382,957 HANSA HYDROCARBONS LIMITED 108 3,813,984 $ 31,350,948 JX NIPPON E & P (U.K.) LIMITED 98 3,460,837 $ 28,448,080 SUNCOR ENERGY UK LIMITED 96 3,390,208 $ 27,867,510 MOL OPERATIONS UK LTD 95 3,354,893 $ 27,577,220 Gas-Union 92 3,248,949 $ 26,706,361 ENQUEST HEATHER LIMITED 82 2,895,803 $ 23,803,501 NSGP (ENSIGN) LIMITED 79 2,789,859 $ 22,932,641 WINGAS STORAGE UK LIMITED 72 2,542,656 $ 20,900,632
  38. 38. 38 ITHACA ENERGY (UK) LIMITED 64 2,260,139 $ 18,578,343 SOJITZ ENERGY PROJECT LIMITED 62 2,189,509 $ 17,997,764 OMV (U.K.) LIMITED 47 1,659,789 $ 13,643,466 IRANIAN OIL COMPANY (U.K.) LIMITED 46 1,624,475 $ 13,353,185 MARUBENI OIL & GAS (U.K.) LIMITED 39 1,377,272 $ 11,321,176 DYAS UK LIMITED 37 1,306,643 $ 10,740,605 VERUS PETROLEUM (SNS) LIMITED 35 1,236,013 $ 10,160,027 SUMMIT EXPLORATION AND PRODUCTION LIMITED 34 1,200,699 $ 9,869,746 ALPHA PETROLEUM RESOURCES LIMITED 32 1,130,069 $ 9,289,167 IONA ENERGY COMPANY (UK) PLC 30 1,059,440 $ 8,708,597 NORECO OIL (UK) LIMITED 21 741,608 $ 6,096,018 TRANSWORLD PETROLEUM (U.K.) LIMITED 18 635,664 $ 5,225,158 EDINBURGH OIL & GAS LIMITED 17 600,349 $ 4,934,869 IGAS ENERGY plc 16 565,035 $ 4,644,588 IDEMITSU PETROLEUM UK LTD. 12 423,776 $ 3,483,439 STATOIL (U.K.) LIMITED 11 388,461 $ 3,193,149 ATLANTIC PETROLEUM NORTH SEA LIMITED 10 353,147 $ 2,902,868 CALENERGY GAS LIMITED 8 282,517 $ 2,322,290 THIRD ENERGY UK GAS LIMITED 8 282,517 $ 2,322,290 MCX DUNLIN (UK) LIMITED 5 176,573 $ 1,451,430 NOBLE ENERGY (OILEX) LIMITED 4 141,259 $ 1,161,149 PARKMEAD (E&P) LIMITED 3 105,944 $ 870,860 SPIKE EXPLORATION UK LTD 2 70,629 $ 580,570 TRAP OIL LTD 2 70,629 $ 580,570 CIECO E&P (UK) LIMITED 2 70,629 $ 580,570 Valiant Causeway Limited 2 70,629 $ 580,570 EUROIL EXPLORATION LIMITED 2 70,629 $ 580,570 ZEUS PETROLEUM LIMITED 1 35,315 $ 290,289 ROC OIL (GB) LIMITED 1 35,315 $ 290,289 RIGEL PETROLEUM (NI) LIMITED 1 35,315 $ 290,289 Antrim Resources Limited 1 35,315 $ 290,289 EQ PETROLEUM SABAH LTD 1 35,315 $ 290,289 43,326 1,530,043,249 12,576,955,504
  39. 39. 39 6,859 3,576 3,328 3,308 2,997 2,900 2,603 2,095 1,378 1,231 1,060 1,008 939 865 833 641 601 504 479 446 UKCS Gas Output by Company Top 20 Annual Total (MMCuM) 2014 Source: Adapted from DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
  40. 40. 40 8,410 4,357 3,274 3,370 3,096 2,876 2,522 1,421 1,250 1,167 1,167 980 813 672 554 546 529 475 439 UKCS Gas Output by Company Top 20 Annual Total (MMCuM) 2013 Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://www.og.decc.gov.uk/pprs/full_production.htm
  41. 41. 41 6,689 6,275 5,822 5,359 5,203 4,766 4,007 2,845 2,051 1,908 1,374 1,118 999 883 833 822 784 741 UKCS Gas Output by Company Top 20 Annual Total (MMCuM) 2009
  42. 42. 42 Change in Annual UK Gas Production (MMCuM) Co Total Equity Holder (2014v2013) RWE DEA UK SNS LIMITED 831 ENI UK LIMITED 674 LIVERPOOL BAY LIMITED 504 CONOCOPHILLIPS 452 STERLING RESOURCES LTD 310 E.ON E&P UK LIMITED 305 GDF SUEZ E&P UK LTD 241 FAROE PETROLEUM (U.K.) LIMITED 201 BURLINGTON RESOURCES (IRISH SEA) LIMITED 199 NEXEN PETROLEUM U.K. LIMITED 165 ENDEAVOUR ENERGY UK LIMITED 154 CNR INTERNATIONAL (U.K.) LIMITED 153 HUMBLY GROVE ENERGY LIMITED 144 EDISON E&P UK LTD 129 FIRST OIL EXPRO LIMITED 123 BAYERNGAS EUROPE LIMITED 110 WINTERSHALL NOORDZEE 100 MOL OPERATIONS UK LTD 95 DANA PETROLEUM (E&P) LIMITED 93 HANSA HYDROCARBONS LIMITED 84 BG INTERNATIONAL LIMITED 81 FAIRFIELD ACER LIMITED 80 MAERSK OIL UK LIMITED 65 APACHE 52 IRANIAN OIL COMPANY (U.K.) LIMITED 46 GAZPROM GERMANIA 43 PREMIER OIL UK LIMITED 42 VERUS PETROLEUM (SNS) LIMITED 35 ALPHA PETROLEUM RESOURCES LIMITED 32 Gas-Union 32 WINGAS STORAGE UK LIMITED 13 ENQUEST HEATHER LIMITED 11 IGAS ENERGY plc 9 THIRD ENERGY UK GAS LIMITED 8 ENTERPRISE OIL LIMITED 7 NORECO OIL (UK) LIMITED 7 DYAS UK LIMITED 6 PARKMEAD (E&P) LIMITED 3 ITHACA ENERGY (UK) LIMITED 3 NOBLE ENERGY (OILEX) LIMITED 2 MCX DUNLIN (UK) LIMITED 1 RIGEL PETROLEUM (NI) LIMITED 1 EQ PETROLEUM SABAH LTD 1
  43. 43. 43 Valiant Causeway Limited 0 Antrim Resources Limited 0 CIECO EXPLORATION AND PRODUCTION (UK) LIMITED 0 ECORP OIL & GAS UK LIMITED 0 EUROPA OIL & GAS LIMITED 0 UKOG (GB) LIMITED 0 NIPPON OIL 0 ROC OIL (GB) LIMITED 0 ANGUS ENERGY WEALD BASIN NO.3 LIMITED 0 AURORA EXPLORATION 0 BLACKLAND PARK EXPLORATION LIMITED 0 BRITANNIA OPERATOR LIMITED 0 BROCKHAM CAPITAL LIMITED 0 CAIRN ENERGY plc 0 CAYTHORPE GAS STORAGE LIMITED 0 CIRQUE ENERGY (UK) LIMITED 0 CUADRILLA ELSWICK LIMITED 0 DONG E&P Norge AS 0 DORIEMUS PLC 0 DORSET EXPLORATION 0 ELSWICK ENERGY LIMITED 0 IS E&P Limited 0 MONTROSE INDUSTRIES LIMITED 0 MOSAIC (TRISTAN) LIMITED 0 NAUTICAL PETROLEUM AG 0 NOIL Energy ASA 0 ONSHORE PRODUCTION SERVICES LIMITED 0 SCOTTISHPOWER GENERATION LIMITED 0 SEVEN STAR NATURAL GAS LIMITED 0 UK OIL & GAS INVESTMENTS plc 0 WARWICK ENERGY LIMITED 0 YORKSHIRE EXPLORATION LIMITED 0 ORANJE-NASSAU ENERGIE HANZE (UK) LIMITED 0 ALTWOOD PETROLEUM LIMITED 0 NORTHERN PETROLEUM (UK) LIMITED 0 ELSWICK POWER LIMITED 0 ALBA RESOURCES LIMITED 0 TERRAIN ENERGY LIMITED 0 DART ENERGY LIMITED 0 MITSUI E&P UK LIMITED 0 ZEUS PETROLEUM LIMITED 0 EUROIL EXPLORATION LIMITED 0 SPIKE EXPLORATION UK LTD 0 TRAP OIL LTD 0 EGDON RESOURCES U.K. LIMITED -1 TRANSWORLD PETROLEUM (U.K.) LIMITED -1 CALENERGY GAS LIMITED -2 STAR ENERGY OIL & GAS LIMITED -2
  44. 44. 44 OMV (U.K.) LIMITED -3 IDEMITSU PETROLEUM UK LTD. -4 EDINBURGH OIL & GAS LIMITED -4 EOG RESOURCES UNITED KINGDOM LIMITED -7 ATLANTIC PETROLEUM NORTH SEA LIMITED -9 SUMMIT EXPLORATION AND PRODUCTION LIMITED -10 IONA ENERGY COMPANY (UK) PLC -13 SOJITZ ENERGY PROJECT LIMITED -14 BP EXPLORATION -19 JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LIMITED -22 MARUBENI OIL & GAS (U.K.) LIMITED -23 SUNCOR ENERGY UK LIMITED -23 BRIDGE ENERGY (SNS) LIMITED -25 NSGP (ENSIGN) LIMITED -33 STATOIL (U.K.) LIMITED -35 CHEVRON NORTH SEA LIMITED -41 BOWLAND RESOURCES LIMITED -47 ESSO E & P UK LIMITED -62 TALISMAN SINOPEC N SEA LIMITED -68 MARATHON OIL U.K. LLC -69 SHELL U.K. LIMITED -99 TAQA BRATANI LIMITED -107 SSE E&P UK LIMITED -159 TULLOW OIL SK LIMITED -310 PERENCO UK LIMITED -374 BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED -557 TOTAL E&P UK LTD -781 CENTRICA -1,551
  45. 45. 45 831 674 504 452 310 305 241 201 199 165 154 153 144 129 123 110 100 95 93 84 81 80 65 52 46 43 42 -23 -23 -25 -33 -35 -41 -47 -62 -68 -69 -99 -107 -159 -310 -374 -557 -781 -1551 RWEDEAUKSNSLIMITED ENIUKLIMITED LIVERPOOLBAYLIMITED CONOCOPHILLIPS STERLINGRESOURCESLTD E.ONE&PUKLIMITED GDFSUEZE&PUKLTD FAROEPETROLEUM(U.K.)LIMITED BURLINGTONRESOURCES(IRISHSEA)LIMITED NEXENPETROLEUMU.K.LIMITED ENDEAVOURENERGYUKLIMITED CNRINTERNATIONAL(U.K.)LIMITED HUMBLYGROVEENERGYLIMITED EDISONE&PUKLTD FIRSTOILEXPROLIMITED BAYERNGASEUROPELIMITED WINTERSHALLNOORDZEE MOLOPERATIONSUKLTD DANAPETROLEUM(E&P)LIMITED HANSAHYDROCARBONSLIMITED BGINTERNATIONALLIMITED FAIRFIELDACERLIMITED MAERSKOILUKLIMITED APACHE IRANIANOILCOMPANY(U.K.)LIMITED GAZPROMGERMANIA PREMIEROILUKLIMITED MARUBENIOIL&GAS(U.K.)LIMITED SUNCORENERGYUKLIMITED BRIDGEENERGY(SNS)LIMITED NSGP(ENSIGN)LIMITED STATOIL(U.K.)LIMITED CHEVRONNORTHSEALIMITED BOWLANDRESOURCESLIMITED ESSOE&PUKLIMITED TALISMANSINOPECNSEALIMITED MARATHONOILU.K.LLC SHELLU.K.LIMITED TAQABRATANILIMITED SSEE&PUKLIMITED TULLOWOILSKLIMITED PERENCOUKLIMITED BHPBILLITONPETROLEUMGREATBRITAINLIMITED TOTALE&PUKLTD CENTRICA UKCS Gas Output by Company Production Change in MMCuM 2014v2013 Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
  46. 46. 46
  47. 47. 47 5) New Fields 2014 The following fields were brought into production in 2014:  GOLDEN EAGLE (Nexen)  KINNOULL (BP)  JULIET (GDF Suez)  KEW (Centrica) 6) Field Development Pipeline The following fields (both new and existing) are being worked on at present to commence or extend their field life. An estimated production level is given for each field when production (re)commences Field Operator Start Date Production Level Oil Production Level Gas Tonnes/Yr MMCuM/Yr Enochdhu ConocoPhillips 2015 496,400 Alma EnQuest 2015 827,333 Galia EnQuest 2015 165,467 Conwy EOG Resources 2015 992,800 Peregrine Nexen 2015 Solan Premier Oil 2015 1,191,360 Godwin Talisman Sinopec 2015 372,300 Morrone Taqa Global 2015 148,920 West Franklin Total 2015 1,985,600 Cygnus GDF Suez E&P 2015 2,555 Solitaire Nexen 2015 Cladhan Taqa Global 2015 843,880 Schiehallion BP 2016 6,453,200 913 Loyal BP 2016 Stella Ithaca 2016 1,489,200 Harrier Ithaca 2016 1,489,200 Clair BP 2016 2,978,400 Clair Ridge BP 2016 5,956,800 441 Flyndre Maersk Group 2016 496,400 Platypus Dana Petroleum 2016 276 Cayley Talisman Sinopec 2016 1,045 Shaw Talisman Sinopec 2016 893,520 Orlando Iona Energy 2016 546,040 Alder Chevron 2016 694,960 1,124 Catcher Premier Oil 2017 2,482,000
  48. 48. 48 Kraken EnQuest 2017 853,188 Kraken North EnQuest 2017 853,188 Cawdor Maersk Group 2017 248,200 Mariner Statoil 2017 2,730,200 Barra Dana Petroleum 2017 992,800 Harris Dana Petroleum 2017 992,800 Arran Dana Petroleum 2018 912 Mariner East Statoil 2019 1,042,440 Culzean Maersk 2019 2,555 Darwin Taqa Global 2020 Fyne Antrim Resources ? 198,560 Cheviot ATP Oil & Gas ? 1,241,000 511 Ptarmigan Premier Oil ? Deborah ENI UK Limited ? Vulcan East Verus Petroleum ? Bentley Xcite Energy ? Phoenix Chrysaor Holdings ? Caledonia Premier Oil ? Columbus Serica Energy ? Lancaster Hurricane Energy ? 496,400 Rosebank Chevron ? Bressay Statoil N/A Fram Shell E&P N/A 39,159,756 8,846 Enochdhu has been developed by ConocoPhillips (Operator) and Chevron and is expected to produce at an initial (peak) rate of 10,000boe per day. Production commenced in July 2015: http://www.conocophillips.com/investor- relations/Investor%20Presentation%20Documents/2Q15%20Earnings%20Call_FINAL_07-30- 2015.pdf EnQuest is developing the Alma and Galia Fields. EnQuest expects initial gross peak production from the Alma-Galia project of about 20,000 boe/d. The FPSO is on location & riser pull-in underway: http://www.enquest.com/media-centre/press-releases/2015/15-05-2015-ims.aspx EOG’s Conwy field is situated in the Liverpool Bay area and will tie back to the Douglas platform. First production is anticipated in third quarter 2015. Info from 2014 Annual Report p12. http://www.eogresources.com/home/index.html Nexen has two Golden Eagle wells in production. Further wells, including Peregrine which is expected to come onstream in 2015 will take production to a peak of 70,000 barrels per day: http://www.maerskoil.com/media/newsroom/pages/goldeneaglefirstoil.aspx Premier Oil has developed the Solan Field and will commence at 24,000boe p/d output. Premier has bought out co-venturer Chrysaor’s 40% with payment to be made from future production: http://www.premier-oil.com/premieroil/AR2013/project_studies/solan.html http://www.heraldscotland.com/business/company-news/premier-oil-increases-exposure-to-giant- field-west-of-shetland.127851542 http://www.premier-oil.com/premieroil/media/press/solan-update
  49. 49. 49 Talisman Sinopec has developed the Godwin Field output (2Q 2015) is expected to be 7,500bpd: http://articles.chicagotribune.com/2013-04-04/news/sns-rt-factboxn-sea-outputl5n0cq1at- 20130404_1_boe-barrels-gas-energy http://www.talisman- energy.com/upload/media_element/20141210204256/December%20Corporate%20presentation_exter nal_.pdf Taqa Global has developed the Morrone field, expected to produce 3,000 boepd with first oil expected in the 3rd quarter of 2014 – there’s no sign of it yet on DECC’s list of producing fields. http://www.taqaglobal.com/media-centre/press-releases/2013/16-12-2013?sc_lang=en Total has developed the West Franklin Phase 2 project which will add 40,000 boe per day. Production commenced in Jan 2015: http://www.total.com/en/media/news/press-releases/uk-west-franklin-phase-2-brought-stream-north- sea?%FFbw=kludge1%FF The Cheviot Field developer ATP Oil & Gas (UK) Limited was acquired by Petroleum Equity from its US parent when this was forced into Chapter 11 Bankruptcy. Moss Maritime's Octobuoy concept was dropped when late and over budget, a second plan to replace this concept with an FPSO shows no sign of progression. http://www.subseaiq.com/data/Project.aspx?project_id=1128 http://www.petroleumequity.com/news.html GDF Suez has developed the Cygnus Field which will come onstream in 2015 and produce 5% of the UK’s gas at peak production of 250MM Cu ft per day. http://www.gdfsuezep.co.uk/our-operations/cygnus.aspx http://www.ogj.com/articles/2015/07/last-key-structure-sails-for-cygnus-off-uk.html Nexen are developing the Solitaire Field which should commence production in 2015. I’ve assumed that output for the Golden Eagle field includes Solitaire which is a satellite development. http://www.nexencnoocltd.com/en/SearchResults.aspx?q=Solitaire%20Field%20Development Taqa Global’s Cladhan Field will be tied back to Tern. Initial production is estimated at 17,000 bpd: http://www.offshore-technology.com/news/newstaqa-uk-approval-cladhan-field-development http://www.offshore-mag.com/articles/2014/05/cladhan-installations-under-way-in-north-sea.html BP are engaged in the re-development of the Schiehallion Field West of Shetland. The field is due to re-start production in 2016. The new KBR-designed Glen Lyon FPSO has a 21,000-ton topsides providing production capacity for 320,000 b/d of liquids and 220 MMcf/d of gas and 380,000 b/d of produced water and seawater injection. All the pre-existing wells were suspended and will all be re- opened for production. In addition 25 new wells (17 producers and 8 water injectors) will be drilled to significantly increase output. http://www.bp.com/en/global/corporate/press/press-releases/bp-and-co-venturers-approve-3-billion- re-development-of-schiehallion-and-loyal-fields.html http://www.offshore-mag.com/articles/print/volume-73/issue-8/north-sea/bp-looking-to-maximize- production-from-shetland-area-fields.html Ithaca is developing the Harrier and Stella fields as part of its Greater Stella Area project. Production will be at an average annual rate of 30,000 boe/d. First oil will be in Q2 2016. http://www.ogj.com/articles/2012/04/ithaca-to-develop-two-uk-north-sea-fields.html http://www.ithacaenergy.com/investor-relations/results-reports http://www.ithacaenergy.com/media/news/q2-2015-operations-update BP are also undertaking the re-development of the Clair Field with the next phase of field life focused on Clair Ridge. The Clair Ridge development will have the capability to produce an estimated 640
  50. 50. 50 million barrels of oil over a 40 year period, with peak production expected to be up to 120,000 barrels of oil per day. 36 new wells will be drilled, 26 production wells and 10 water injection wells to maintain reservoir pressure. http://www.offshore-mag.com/articles/print/volume-73/issue-8/north-sea/bp-looking-to-maximize- production-from-shetland-area-fields.html Maersk Group are developing the Flyndre Field which will commence production in 2016 with an anticipated peak output of 10,000bpd with production tied back to the Clyde platform via Cawdor. http://www.maerskoil.com/media/newsroom/pages/flyndreandcawdorfielddevelopmentapprovalsuppo rtsmaerskoiluk%E2%80%99sgrowthambitions.aspx http://www.offshore-technology.com/projects/flyndrecawdor-oil-fields-development-north-sea/ http://www.offshore-mag.com/articles/2014/05/clyde-platform-to-host-north-sea-flyndre-cawdor- development.html Dana’s Platypus Field hoped for a 2016 start. It now looks like 2018 at the earliest, perhaps later if a deal can’t be done to tie in to local infrastructure. Dana’s Possum Field development is also affected. An appraisal well was drilled in April 2012, with the well flowing at a rate of 27 mmscf/d http://www.firstoilexpro.com/assets/platypus-possum http://www.dana-petroleum.com/Media-centre/Reports-presentations/ Talisman Sinopec are bringing the Cayley (gas) and Shaw (oil) fields into production in 2016 at an anticipated rate of 18,000 boepd for each part of the field. The jacket is complete and in situ: http://www.talisman-sinopec.com/en/news/talisman-energy-uk-limited-sanctions-16-billion-project- to-sustain-investm http://www.thejournal.co.uk/news/north-east-news/oil-gas-platform-jacket-starts-7267449 Iona Energy will bring the Orlando Field onstream in Q4 2016 with an output of 11,000 bpd tied back to Ninian. http://www.ionaenergy.com/operations/orlando http://www.ionaenergy.com/investor-relations/presentations/ Chevron’s Alder development is due to come onstream in 2016 tied back to the Britannia Bridge Linked Platform (BLP). Expected output is 110,000 cfpd gas & 14,000 barrels of condensate per day. http://www.chevron.com/chevron/pressreleases/article/01132014_chevronmakesfinalinvestmentdecisi ononalderfieldintheunitedkingdom.news http://www.chevronunitedkingdom.com/news/latest/2015-07-07-alder-topsides-sail.aspx Premier Oil will bring its Catcher development online in 2017. As well as adding 50,000 barrels per day to UKCS output it will provide a new hub for future developments in the Central North Sea. http://www.premier-oil.com/premieroil/AR2013/pdfs/PO_AR2013.pdf EnQuest has brought forward the Kraken and Kraken North developments both of which are scheduled to begin production in 2017. There will be 14 horizontal production wells and 11 water injection wells producing a peak output of 55,000bpd. http://www.enquest.com/~/media/Files/E/Enquest/2014FYR_docs/14FullYear150318Final.pdf Maersk Group is developing the Cawdor Field which will commence production in 2017 with an anticipated peak output of 5,000bpd with production tied back to the Clyde platform. http://www.maerskoil.com/media/newsroom/pages/flyndreandcawdorfielddevelopmentapprovalsuppo rtsmaerskoiluk%E2%80%99sgrowthambitions.aspx http://www.offshore-technology.com/projects/flyndrecawdor-oil-fields-development-north-sea/ http://www.offshore-mag.com/articles/2014/05/clyde-platform-to-host-north-sea-flyndre-cawdor- development.html
  51. 51. 51 Statoil will bring the Mariner Field online in 2017. It will eventually comprise 80 production wells and 64 produced water re-injectors with a plateau output of 55,000 bpd. http://www.statoil.com/en/about/worldwide/unitedkingdom/pages/mariner.aspx http://www.statoil.com/en/EnvironmentSociety/Environment/impactassessments/international/Pages/ MarinerAreaImpactasmt.aspx http://www.rigzone.com/news/oil_gas/a/140060/Mariner_A_Steel_Jacket_On_its_Way_to_the_North _Sea?utm_source=DailyNewsletter&utm_medium=email&utm_term=2015-08- 12&utm_content=&utm_campaign=Production_1 Dana Petroleum is developing the Western Isles fields (Barra and Harris) with peak production estimated at 40,000 boe per day. The project is running 2 yrs late and at least $400m over budget: http://www.ogj.com/content/ogj/en/articles/2012/12/western-isles-project-offshore-uk- approved.html https://www.oilandgaspeople.com/news/3749/dana-petroleum-western-isles-project-two- years-late-and-massively-over-budget/ Dana Petroleum has developed the Arran Field. Tieback was to be to BG’s Lomond platform until BG announced the cancellation of their proposed Bridge Linked Platform (BLP) Project. This has delayed Arran by up to four years: https://itportal.decc.gov.uk/eng/fox/path/PATH_REPORTS/current- projects?PATH_OPERATOR_ID=109 Statoil’s Mariner East Field will come online in 2019. It will eventually comprise 4 wells with a peak output of 22,000 bpd when Mariner is producing below its 76,000 bpd target flow. http://www.statoil.com/en/about/worldwide/unitedkingdom/pages/mariner.aspx http://www.statoil.com/en/EnvironmentSociety/Environment/impactassessments/international/Pages/ MarinerAreaImpactasmt.aspx Maersk has just announced the development of the Culzean Gas Field which will produce 5% of the UK’s demand at peak production. I’ve estimated this at 250MM Cu ft day. http://www.rigzone.com/news/oil_gas/a/140362/GoAhead_Given_for_Biggest_UK_Field_Found_in _a_Decade/?all=HG2 Taqa Global’s Darwin Field is due to enter production in 2020. Fairfield Energy has 50% of Darwin. http://www.fairfield-energy.com/pages/view/darwin Antrim Resources is developing the Fyne Field which was estimated as likely to produce 14,000 bpd oil at peak production. Antrim is looking to relinquish and re-apply for the license. http://www.antrimenergy.com/files/Antrim_2014_Annual_Report_-_Final.pdf Premier Oil’s Ptarmigan field – a single well development - appears to be on the back burner. No mention of it can be found in any recent Premier Oil publication which focuses on other developments http://www.premier-oil.com/premieroil/operations/global-licence-interests ENI’s Deborah Field is a gas storage conversion of a depleted gas producing field. It is reckoned the facility will be able to store 4.6 BnCuM when full. http://abarrelfull.wikidot.com/deborah-gas-field Verus Petroleum’s Vulcan East gas prospect seems to have dropped out of contention for quick development following the re-structuring of the old Bridge Energy A/S. Verus is looking more to acquisitions to boost production rather than developments of existing assets. https://www.energyvoice.com/oilandgas/66058/north-sea-new-wave-player-verus-makes-debut/
  52. 52. 52 Xcite Energy’s Bentley Field Development continues to inch forward at a time of huge pressure due to the oil price. The collaborative approach adopted seems to offer the best prospect for eventual delivery. Securing investor cash flow in this environment will be key to getting there. http://www.xcite-energy.com/assets/bentley http://www.xcite-energy.com/investors/presentations-and-documents/agm-2015-presentation Chrysaor Holdings holds the rights to develop the Phoenix prospect. Chrysaor has sold an interest in the Solan Field over the last year and has also sold interests in Ireland. Whether these adjustments are positive or negative for Phoenix remains to be seen. http://www.bnri.com/documents/Chrysaor_press%20release_2.pdf http://www.oilandgastechnology.net/upstream-news/providence-announces-chrysaor-acquisition Premier Oil’s Caledonia field is a watered-out asset the re-development plan is still awaited. http://www.premier-oil.com/premieroil/media/press/trading-and-operations-update-4 Serica Energy is seeking to develop the Columbus Field. It suffered a major setback when BG cancelled its plan for a Bridge Linked Platform (BLP) for the neighbouring Lomond Field. The Field Development Plan for Columbus will now be re-written by Serica and its partners. http://www.serica-energy.com/columbus-3.php Hurricane Energy’s Lancaster Field is one of the most promising West of Shetland developments of recent years. The development of a low capital cost Early Production System (EPS) shows commercial awareness at a difficult time for financing big developments. The need to get cash flow positive as early as possible is a very real one to prevent loss of commercial control to speculators. https://www.hurricaneenergy.com/assets/Documents/ConceptualisingnewInfrastructureHubWoSPDF. pdf?1432150035 http://www.edisoninvestmentresearch.com/downloadpdf/14493/702 Chevron’s Rosebank Field was kicked into the long grass due to the very high cost of the development at a time, prior to the collapse in oil price, when contractors could name their price. It appears to be reviving with a lower cost plan. Chevron's Rosebank gets rethink http://www.oedigital.com/component/k2/item/9969-rosebank-re-emerges Statoil’s Bressay development is in the process of being re-engineered in an effort to reduce the capital cost. Concept review is planned for 2015 with a final investment decision in 2016. http://www.statoil.com/en/About/Worldwide/UnitedKingdom/UKUpstream/Pages/Bressay.aspx Shell Exploration & Production have postponed development of their Fram prospect following disappointing initial drilling results in 2013. The FPSO was cancelled & a revised plan called for. http://www.shell.co.uk/media/2013-media-releases/reassess-development-of-fram-field-in-north- sea.html
  53. 53. 53 DECC Contacts Digest of United Kingdom Energy Statistics Table F.2: Gas production, Gross gas production since 1991 and Digest of United Kingdom Energy Statistics Table F.1: Crude oil and natural gas liquids production Clive Evans Telephone: +44 (0) 300 068 5040 Petroleum Licensing Tracy Selby 0300 068 6050 or Mike Hawkins 0300 068 6038 Field List Derek Woolley Telephone: +44 (0) 300 068 5751 DECC field partners and the percentage of their holding Marcelle Wynter Telephone: +44 (0) 300 068 66057 Well Operations & Notifications System (WONS) - UK production data, Oil production since 1975 and Gas flaring at oil terminals and producing offshore oilfields. Petroleum Production Reporting System (PPRS) Phil Harrison Telephone: +44 (0) 300 068 6036 wons@decc.gsi.gov.uk Oil discharged with produced water Jason Lomas Telephone +44 (0) 1224 254110 UKCS income and expenditure, Production projections and Production (and demand) projections Mike Earp tel: 0300 068 5784 UK oil and gas reserves John Webber Telephone: +44 (0) 1224 254069 or Joy Gray Telephone: +44 (0) 300 068 6034 Field Approvals and Field Start-ups John Webber Telephone: +44 (0) 1224 254069 Field and Pipeline Decommissioning julie.benstead@decc.gsi.gov.uk on 01224 254034 Environmental Direction and Chemical Permits emt@decc.gsi.gov.uk or Derek Saward on 01224 254037 or Julie Duguid on 01224 254045
  54. 54. 54 7) Declining Output and De-commissioning Oil Output in the UKCS has been declining since 1999. Until 2014 gas output had also dropped since it peaked in the year 2000. Oil output will not sink further it is about to take off again. A report that Scotland was facing a boom in output was met with a storm of protest from the Glasgow-based Centre for Public Policy in the Regions (CPPR) who’s eminence gris John McLaren, a former Labour Party researcher, was quick to damn any such foolish notion: http://newsnetscotland.com/index.php/scottish-economy/7560-cpprs-mclaren-pours-cold-water- on-scottish-economic-recovery-claims http://www.bbc.co.uk/news/uk-scotland-scotland-politics-21936723 The Office of Budget Responsibility (OBR) accepted the Department of Energy and Climate Change (DECC) projections of future oil & gas output. We might sensibly start by looking at recent trends and how these are helping to shape projections of future output. On the chart above can be seen the pattern of change in annual output over the period from 1980 to 2014. The addition of a trend line helps to give some perspective. Apart from a small blip in 2007 we have seen twelve years of declining output to a greater or lesser extent. In 2014 the decline slowed dramatically and output has risen so far Year-to-Date in 2015. The position for the following few years looks likely to show the significant increases in output we have been predicting. DECC show no positive increment in output from the record levels of capital spend seen on the UKCS over the last few years. They are predicting that the decline in underlying output will continue at an increased and increasing rate rather than showing the anticipated decline. They also appear to suggest that the output from new fields and from major re-developments will be negligible rather than transformational. It is not clear what underlying basis there is for these assumptions. We’re told basically that “we’ve been right in the past, so trust us, we’ll be right in the future”. For me, what we have to look at is whether the decline in recent years has been part of the long- term natural rate of decline or if the industry has suffered from events which have exaggerated the decline in output. -25% -20% -15% -10% -5% 0% 5% 10% 15% 20% 25% 30% 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 North Sea Oil Change in Output Annual Percentage Change 1980 - 2014 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June 2015 https://itportal.decc.gov.uk/pprs/full_production.htm
  55. 55. 55 What we can see for oil is that most of the post-peak years have registered a decline in output of between 5% and 10% with three of the last four years showing figures in excess of this. There have been: 2011 Calendar Year Some excessive rates of depletion in certain fields such as Callanish, Clair and Schiehallion plus a major production problem in the Buzzard Field costing 2,000,000 Tonnes of lost production. 2012 Calendar Year Further excessive depletion from Callanish and Clair with the Elgin/Franklin debacle costing 2,000,000 Tonnes of lost production. A leak in a pipeline also caused the shut-in of the Foinaven field. 2013 Calendar Year The suspension of Schiehallion on its own accounted for almost half of the total reduction in the whole year (45.6%). Clair, Claymore, Magnus, Pierce and Don SW also contributed markedly to the decline in output. 2014 Calendar Year The arrival of Kinnoull and Golden Eagle during the course of the year helped the decline in production fall to the lowest seen since 2007. Peak production for a full year plus the addition of further fields will see output rise in 2015 for the first time since 1999. What has been the position with gas output? 2011 Calendar Year This year saw a big drop in output from the Rough Storage Facility which can skew the gas output number considerably on its own. Morecambe South, Goldeneye, Rhum, Brodger and Brent were all major movers over the period with Bruce, Andrew and Britannia all adding to the decline. Rhum’s output fell for political reasons. It was shut-in because it was half-owned by the national Iranian Oil Corporation. Morecambe South output fell as Centrica felt the price earned was not high enough. Goldeneye shut down with a view to a future role as a CCS site. Brent also fell due to depletion as did Andrew which is being re-developed. 2012 Calendar Year -30% -25% -20% -15% -10% -5% 0% 5% 10% 15% 20% 25% 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 North Sea Gas Change in Output Annual Percentage Change 1996 - 2014 Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
  56. 56. 56 The big story, as for oil, was the outage at Elgin/Franklin. This accounted for almost half the total decline in gas from the UKCS in the year. 2013 Calendar Year This year problems at Sean and Pierce accounted for over 70% of the drop. 2014 Calendar Year This year has seen a small rise in output for the first time in a number of years. Output from Breagh, Franklin, Juliet and Jasmine helped in a big way to achieve this. Conclusions The situation for oil output seems to be more to do with unplanned outages than with declines in production due to reservoir depletion. Output has been falling but the root cause for many of these drops has been work to restore and indeed to improve levels of output. Restoration of output from Schiehallion, Clair, Elgin & Franklin in the coming years will paint a very different picture. Output from Buzzard seems impossible to predict and this remains a significant cause for concern. Gas output is more of a mixed bag. There will be big increases in output from Elgin, Franklin and Rhum but the output from Rough Storage is very difficult to predict and indeed it might be better to factor this out of the equation. Predicting Future Oil Output Our analysis 2015 2016 2017 2018 2019 2020 2021 Oil Output k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes Baseline 37,378 42,384 43,523 53,809 57,788 50,514 46,330 Depletion 3,738 4,238 4,352 5,381 5,779 5,051 4,633 33,640 38,146 39,171 48,428 52,009 45,463 41,697 New Fields 8,744 6,689 15,641 11,706 261 906 732 Depletion 1,312 1,003 2,346 1,756 39 136 Prediction 42,384 43,523 53,809 57,788 50,514 46,330 42,293 Source: Author’s own calculations adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June 2015 https://www.og.decc.gov.uk/pprs/full_production.htm If we start off from the 2014 level of oil output and subtract an annualised rate of decline of 10% per field (slightly higher than the actual rate excluding shut-downs for planned and unplanned outages) and we then add the predicted levels of additional output from new fields (factoring in a higher average rate of decline of 15% for these fields) then we can see that output in 2018 will be over 50% higher than it was in 2014. OGUK 2015 2016 2017 2018 2019 2020 2021 Oil Output k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes Baseline 37,378 38,685 39,990 42,601 41,334 40,064 38,795 Depletion 7,437 4,072 12,027 10,627 - 2,136 1,862 29,941 34,613 27,963 31,974 41,334 37,928 36,933 New Fields 8,744 6,689 15,641 11,706 261 906 732 Depletion 1,312 1,003 2,346 1,531 39 136 Prediction 38,685 39,990 42,601 41,334 40,064 38,795 37,529 Source: Author’s own interpretation of Oil & Gas UK’s “Economic Report 2014” p33 http://www.oilandgasuk.co.uk/2014- economic-report.cfm?frmAlias=/economicreport/&_cldee=YWRtaW5AYmllZS5vcmc%3d
  57. 57. 57 Oil & Gas UK’s 2014 Economic Report predicts a rise of over 27% in output by 2017. They looked at oil & gas together & gave figures of approx 1.4MM boepd in 2013 rising to 1.7MM Boepd in 2017 in their “Central Case” scenario. Under their “Worst Case” output would fall from 1.4MM Boepd to 1.3MM Boepd, a decrease of 7.14%. To get to this position the decline rate from existing fields has to be much higher than it has been historically. As output from new fields is added between 2015 and 2017 the factor for declining production in existing fields has to climb from 10% to nearly 30% by 2017 – the figure of 12,027 shown in the table. This seems very unlikely to me but it reflects the considerable caution shown by Oil & Gas UK in forecasting future output. In comparison to DECC however their prediction is positively sunny. 2015 2016 2017 2018 2019 2020 2021 DECC k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes Baseline 37,378 38,122 36,230 35,502 32,062 30,000 28,268 Depletion 8,000 7,269 15,366 12,800 1,123 2,599 2,100 29,378 30,853 20,864 22,702 30,939 27,401 26,168 New Fields 8,744 6,689 15,641 11,706 261 906 732 Depletion 1,312 1,003 2,346 1,200 39 136 Prediction 38,122 36,230 35,502 32,062 30,000 28,268 26,764 Source: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/287001/production_projections.pdf Note: excludes NGL output added to Oil production figures manually by DECC. DECC predicted a flat line in their “UKCS Oil and Gas Production Projections” March 2014 page 1. This was ludicrous but it has now been made even more farcical by the assertion that output will fall in their “UKCS Oil and Gas Production Projections” March 2015 page 1. This requires the decline in output from existing fields to increase from a normal rate of perhaps 10% to as high as 21.44% in 2015 and to over 42% in 2017. This isn’t conceivable or possible. In later years the opposite is the case. The natural rate of depletion has to fall in 2019 to 3.50% per cent for the DECC decline to be validated, this is far too low a rate. This prediction cannot be based on the projects coming into production over the next few years. It is not possible that all these fields can start producing and for oil output not to increase. Prediction for Gas Production 2015 2016 2017 2018 2019 2020 2021 k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes Baseline 43,322,569 40,989,861 38,920,328 34,477,889 30,340,542 26,827,427 23,991,386 Depletion 5,198,708 4,918,783 4,670,439 4,137,347 3,640,865 3,219,291 2,878,966 38,123,861 36,071,078 34,249,889 30,340,542 26,699,677 23,608,136 21,112,420 New Fields 2,866,000 2,849,250 228,000 - 127,750 383,250 - Depletion 429,900 427,388 34,200 - 19,163 57,488 Prediction 40,989,861 38,920,328 34,477,889 30,340,542 26,827,427 23,991,386 21,112,420 Source: Author’s own calculations adapted from Company websites and industry reports. Predictions for oil are easily found on company websites and from industry sources. For gas the picture is much less clear. Many new fields give no figure for likely gas production. An accurate forecast therefore isn’t really possible for gas from public information sources.
  58. 58. 58 Overall Conclusion Let’s start with what we don’t know. Oil prices have fallen significantly over the last eighteen months. We can’t predict if prices will recover to the levels seen before the slump. We certainly can’t tell when this might happen. Geopolitics prevents the swing producers the USA, Russia and Saudi Arabia from reaching an agreement to control output. The arrival of Iran on global markets over the next year will exert further downward pressure on prices. We cannot accurately predict UKCS gas output as few companies issue associated gas production projections. Available figures are therefore likely to understate future gas output. With regard to oil output the position is much clearer. What isn’t clear is how DECC have alighted on their current declining production forecast which seems to be totally at odds with the predictions of the companies completing the investments. The companies’ collective - Oil & Gas UK -expects oil output to rise by at least 27% and possibly by as much as 42% see fig 11 p 33, Oil & Gas UK “Economic Report 2014”. DECC is predicting a decline over the same period. The OBR has based its forecast on the DECC numbers which seem detached from reality. The figures for 2015-17 are particularly misleading. The massive rise in oil output which will take place has been reduced to less than zero by DECC. This requires a drop in 2017 output from existing fields of over 42% in that one year. How DECC’s model has fabricated this result must be examined without delay. The “discount factor” they have applied to company output predictions must have been dramatically increased for the next few years to give this result. Why has this been done? For DECC, time is running out. By 2017 the extent of their miscalculation will become apparent. Recent years have seen a decline in refinery capacity in the UK. This was permitted, at least in part, by the belief that oil output could only go down. The value added by refining crude oil could have significantly boosted UK plc’s GDP. That can’t happen now. Another nation’s economy will be boosted by this rise in GDP. We’ll re-import the final products from them.
  59. 59. 59 8) Company Turnover & Taxation Company Turnover 2013 2012 2011 2010 2009 £m £m £m £m £m NEXEN PETROLEUM U.K. LIMITED 2,658,644,046 2,210,583,348 2,089,841,229 1,735,083,441 1,338,579,409 APACHE NORTH SEA LIMITED 1,265,883,634 1,166,932,014 1,288,369,585 985,872,022 878,616,728 BP EXPLORATION OPERATING COMPANY LIMITED 1,524,598,621 1,964,198,657 2,442,769,733 2,611,805,229 2,420,753,579 AMOCO (FIDDICH) LIMITED 28,257,589 22,650,757 48,971,857 29,235,115 25,441,837 ARCO BRITISH LIMITED, LLC 51,183,519 290,954,893 362,685,517 295,088,405 BRITOIL 526,708,939 1,038,064,247 756,434,950 702,124,590 639,098,228 BG INTERNATIONAL LTD 762,000,000 815,000,000 1,101,000,000 1,170,000,000 1,233,000,000 SUNCOR ENERGY UK LIMITED 1,339,988,000 1,177,936,000 1,236,947,000 1,260,924,000 984,219,000 TAQA BRATANI 1,085,306,739 1,093,195,424 1,083,629,708 740,979,930 539,276,710 CHEVRON NORTH SEA LIMITED 1,169,800,000 1,467,300,000 1,735,600,000 1,474,700,000 1,242,600,000 TALISMAN SINOPEC ENERGY UK LIMITED 830,791,952 1,254,921,331 1,848,000,642 565,523,000 552,475,000 MAERSK OIL NORTH SEA UK LIMITED 555,209,531 369,727,343 481,603,598 701,827,923 433,723,632 MAERSK OIL UK LIMITED 146,971,727 216,737,597 237,358,818 180,432,426 93,975,252 ENQUEST HEATHER LIMITED 563,046,663 89,158,459 127,887,795 86,110,595 89,279,362 DANA PETROLEUM (E&P) LIMITED 502,767,000 592,820,000 504,816,000 293,133,000 233,589,000 CONOCOPHILLIPS (U.K.) LIMITED 8,205,300,000 15,939,000,000 35,878,700,000 28,742,400,000 22,821,800,000 CNR INTERNATIONAL (U.K.) LIMITED 430,746,000 525,117,000 720,046,000 626,408,000 510,091,000 CENTRICA RESOURCES LIMITED 695,573,000 482,601,000 500,565,000 435,824,000 368,852,000 CENTRICA NORTH SEA OIL LIMITED 193,535,000 282,861,000 253,999,000 273,303,000 258,047,000 SHELL U.K. LIMITED 7,905,000,000 9,070,000,000 11,811,000,000 10,328,000,000 7,969,000,000 SHELL EP OFFSHORE VENTURES LIMITED 150,900,000 201,400,000 277,100,000 168,000,000 152,000,000 TOTAL E&P UK LIMITED 1,460,536,000 1,313,704,000 1,548,789,000 1,519,595,000 1,207,696,000 ESSO E & P UK LIMITED 1,413,000,000 1,329,000,000 1,837,000,000 1,976,000,000 1,709,000,000 ENTERPRISE OIL LIMITED 366,900,000 497,000,000 617,700,000 445,200,000 433,900,000
  60. 60. 60 MARATHON OIL U.K. LLC 296,800,700 430,234,130 533,278,906 366,023,448 378,398,360 MARATHON OIL NORTH SEA (G.B.) LIMITED PREMIER OIL UK LIMITED 338,716,140 276,456,039 163,705,017 274,350,574 176,036,728 ITHACA CAUSEWAY LIMITED 143,017,114 589,141 ITHACA ENERGY (UK) LIMITED 139,312,361 97,283,305 77,592,581 83,889,613 70,903,139 ITHACA MINERALS (NORTH SEA) LIMITED 7,278,380 7,664,368 11,645,819 7,250,264 9,367,709 ENI AEP LIMITED 51,359,000 62,854,000 82,182,000 95,387,000 97,175,000 ENI ELGIN/FRANKLIN LIMITED 178,177,000 142,821,000 117,613,000 500,865,000 386,571,000 ENI UK LIMITED 663,733,000 403,950,000 463,490,000 605,621,000 535,967,000 ENI ULX LIMITED 106,213,349 115,437,834 133,313,592 207,649,559 153,500,000 PERENCO UK LIMITED 702,564,000 1,051,227,000 585,499,000 348,791,000 245,967,000 EDINBURGH OIL & GAS LIMITED 236,781,000 207,137,000 183,496,000 164,764,000 130,599,000 ENDEAVOUR ENERGY UK LIMITED 196,248,461 126,298,326 25,427,938 28,601,152 62,869,247 E. F. OIL AND GAS LIMITED 262,058,000 366,013,000 1,058,751,000 857,470,000 788,699,000 FIRST OIL AND GAS LIMITED 275,000 FIRST OIL EXPRO LIMITED 93,756,000 53,223,000 72,142,000 60,860,000 56,427,000 JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LIMITED 108,571,000 138,006,000 209,784,000 177,295,000 143,412,000 FAIRFIELD BETULA LIMITED 78,619,085 46,681,984 62,662,950 96,882,497 52,745,492 STATOIL (U.K.) LIMITED 755,214,000 813,505,000 774,389,000 551,283,000 476,917,000 DYAS EXPLORATION UK LIMITED 2,134,000 DYAS UK LIMITED 93,473,000 110,607,000 95,359,000 133,488,000 96,224,000 MITSUI E&P UK LIMITED 75,499,970 35,533,921 BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED 105,518,877 154,555,000 205,234,000 200,885,000 206,857,000 TRANSWORLD PETROLEUM (U.K.) LIMITED 58,218,986 131,729,543 156,355,927 159,160,000 139,903,000 SUMMIT PETROLEUM DORSET LIMITED 27,021,617 26,210,838 22,244,137 19,220,614 SUMMIT EXPLORATION & PRODUCTION LIMITED 3,189,695 40,497,483 37,114,007 129,660,693 78,477,581 E.ON E&P UK LIMITED 204,090,000 166,379,000 94,398,000 214,783,000 231,231,000
  61. 61. 61 IDEMITSU PETROLEUM UK LTD. 67,222,072 78,024,118 84,477,862 75,803,723 56,363,090 ATLANTIC PETROLEUM UK LIMITED 47,529,368 64,921,188 50,606,444 48,628,408 26,218,316 MARUBENI OIL & GAS (NORTH SEA) LIMITED 23,672,404 26,618,586 112,499,194 96,309,004 82,207,099 MARUBENI OIL & GAS (U.K.) LIMITED 33,560,003 50,990,060 EWE VERTRIEB GMBH MCX DUNLIN (UK) LIMITED 32,364,043 14,445,334 20,403,382 26,343,517 10,576,045 MCX OSPREY (UK) LIMITED 8,511,212 4,903,349 16,966,568 19,010,141 18,405,815 SPIKE EXPLORATION UK LTD 11,600,379 TRAP OIL LTD 30,309,304 1,674,698 804,166 795,834 1,064,263 NORECO OIL (UK) LIMITED 39,452,489 WINTERSHALL (E&P) LIMITED WINTERSHALL (UK NORTH SEA) LIMITED ISLAND GAS (SINGLETON) LIMITED 13,999,000 10,432,000 9,786,000 6,861,000 5,758,000 ISLAND GAS LIMITED 52,413,000 58,482,000 19,894,000 535,000 702,000 STAR ENERGY WEALD BASIN LIMITED 26,336,000 30,226,000 14,121,000 11,834,000 3,483,000 IONA UK HUNTINGTON LIMITED 34,246,627 Valiant Causeway Limited Valiant Gamma Limited ZEUS PETROLEUM LIMITED 21,789,000 1,147,000 OMV (U.K.) LIMITED 34,599,016 149,800,835 125,475,747 107,966,102 62,538,674 SOJITZ ENERGY PROJECT LIMITED 43,180,772 11,967,766 19,413,912 47,445,683 34,428,189 CIECO EXPLORATION AND PRODUCTION (UK) LIMITED 23,850,000 25,899,000 28,326,000 25,185,000 £20,408,000 FAROE PETROLEUM (U.K.) LIMITED 16,384,000 29,841,000 60,066,000 5,873,000 6,992,000 Antrim Resources (N.I.) Limited 15,741,504 ROC OIL (GB) LIMITED 11,707,360 15,484,256 45,287,142 32,462,455 28,884,526 NOBLE ENERGY (OILEX) LIMITED 14,473,497 69,074,205 130,366,849 114,085,746 40,143,858 DEA UK SNS LIMITED / LETTER ONE 232,891,000 145,455,000 109,047,000 112,035,000 121,660,000 Igas Energy plc 75,917,000 68,304,000 22,120,000 656,000 828,000
  62. 62. 62 SCHIEHALLION OIL & GAS LIMITED 47,000 RIGEL PETROLEUM (NI) LIMITED 7,082,529 13,391,823 21,583,681 15,230,563 12,369,000 HUMBLY GROVE ENERGY LIMITED 14,101,000 15,500,000 10,865,000 15,366,000 15,394,000 NIO PETROLEUM (SABAH) LIMITED Paladin Resources Limited 374,000 EUROPA OIL & GAS (WEST FIRSBY) LIMITED EUROPA OIL & GAS LIMITED 3,878,000 4,503,000 5,080,000 3,766,000 3,091,000 MURPHY PETROLEUM LIMITED 3,894,120,000 4,173,345,000 3,960,875,000 2,135,734,000 1,849,532,000 GDF SUEZ E&P UK LTD 78,568,000 70,257,000 83,416,000 102,530,000 144,415,000 BLACKLAND PARK EXPLORATION LIMITED NORTH SEA ENERGY (UK) LIMITED 1,275,278 2,500,458 4,958,811 13,595,327 8,448,096 Egdon Resources Avington Limited 99,274 116,971 93,985 181,622 196,222 EGDON RESOURCES U.K. LIMITED 1,892,877 2,266,952 2,356,256 2,138,852 1,055,454 BRIDGE ENERGY (SNS) LIMITED 16,640,491 25,531,816 10,643,834 10,569,172 ANGUS ENERGY WEALD BASIN NO.3 LIMITED 911,554 1,166,350 402,732 968,235 CIRQUE ENERGY (UK) LIMITED NORTHERN PETROLEUM (GB) LIMITED 269,000 249,000 226,000 185,000 NORTHERN PETROLEUM (UK) LIMITED 89,879 97,974 84,746 70,922 54,286 TERRAIN ENERGY LIMITED 237,374 245,931 308,072 271,257 Aurora Energy Resources Limited ALBA RESOURCES LIMITED 170,000 223,000 177,000 68,000 25,000 IS E&P Limited IS NV Limited ONSHORE PRODUCTION SERVICES LIMITED ORANJE-NASSAU ENERGIE HANZE (UK) LIMITED 58,199,519 99,407,234 80,752,621 57,010,110 PARKMEAD GROUP plc MOLGROWEST (I) LIMITED 24,372,017 26,250,564 35,189,640 28,484,545 Dorset Exploration Limited 7,927 12,153
  63. 63. 63 Ecorp Oil & Gas UK Limited 140,181 EQ Petroleum Sabah Limited Iranian Oil Company (U.K.) Limited 0 0 792,628 44,106,267 54,483,031 UK Oil & Gas Investments plc Euroil Exploration Limited 1,116,397 1,047,462 1,431,628 1,538,512 SSE E&P UK Limited 118,100,000 102,300,000 15,800,000 Liverpool Bay Limited Burlington Resources (Irish Sea) Limited 34,371,000 124,386,000 138,241,000 102,273,000 91,015,000 Sterling Resources Limited 1,848,000 42,000 796,000 Tullow Oil SK Limited 149,152,396 140,244,873 169,469,155 140,393,451 130,489,238 Bayerngas Europe Limited 21,034,121 6,829,491 Edison E&P UK Limited 58,023,139 40,470,591 83,340,312 107,266,982 Bowland Resources Limited 3,592,000 Hansa Hydrocarbons Limited 580,034 Gas-Union Gmbh Wingas Storage UK Limited 856,756 30,645 32,220 2,191,641 Verus Petroleum (SNS) Limited 19,956,134 16,616,855 25,531,816 10,643,834 10,569,172 Alpha Petroleum Resources Limited 9,142,000 16,499,000 13,359,000 8,390,000 Calenergy Gas Limited 1,977,000 2,971,000 3,860,000 2,405,000 Third Energy UK Gas Limited 506,075 826,624 1,315,129 3,962,794 2,570,427 FINA EXPLORATION LIMITED 118,953,000 139,371,000 104,732,000 44,091,356,408 54,111,296,861 79,654,538,086 66,338,981,982 53,690,313,925 Turnover has fallen significantly due primarily to the fall in the oil price over the last two years. Output will now start to rise but a recovery in price will be needed before these developments start to feed through to an improved out-turn for the Chancellor.
  64. 64. 64 Company Taxation 2013 2012 2011 2010 2009 £m £m £m £m £m NEXEN PETROLEUM U.K. LIMITED -£917,998,290 -£912,648,245 -£1,006,841,358 -£512,455,816 -£471,566,555 APACHE NORTH SEA LIMITED -£12,558,631 -£338,773,042 -£450,573,664 -£172,896,708 -£169,182,874 BP EXPLORATION COMPANY LIMITED -£344,581,384 -£113,902,274 -£1,062,287,880 -£575,753,934 -£604,099,108 AMOCO (FIDDICH) LIMITED £0 £0 -£24,189,566 -£10,054,014 -£8,745,632 ARCO BRITISH LIMITED, LLC £33,482,635 -£90,930,591 -£141,508,695 -£81,888,533 BRITOIL -£4,342,526 -£378,334,083 -£251,949,888 -£133,618,181 -£125,363,205 BG INTERNATIONAL LTD £17,000,000 -£83,000,000 -£17,000,000 -£65,000,000 -£108,000,000 SUNCOR ENERGY UK LIMITED -£753,513,000 -£594,168,000 -£589,339,000 -£501,723,000 -£292,126,000 TAQA BRATANI LIMITED -£177,417,462 -£342,707,605 -£400,189,961 -£93,800,573 -£1,399,151 CHEVRON NORTH SEA LIMITED -£404,000,000 -£622,100,000 -£739,600,000 -£464,600,000 -£264,800,000 TALISMAN SINOPEC ENERGY UK LIMITED £632,852,547 -£78,379,833 -£466,020,559 -£58,084,000 -£51,812,000 MAERSK OIL NORTH SEA UK LIMITED -£74,361,923 -£87,405,015 -£150,385,480 -£116,861,407 -£43,350,854 MAERSK OIL UK LIMITED -£10,970,304 £18,671,685 £27,421,780 £41,491,167 £29,094,185 ENQUEST HEATHER LIMITED -£86,414,676 £94,764,221 -£31,080,562 £8,412,905 -£11,153,752 DANA PETROLEUM (E&P) LIMITED -£130,798,000 -£145,590,000 -£148,264,000 -£46,949,000 -£35,468,000 CONOCOPHILLIPS (U.K.) LIMITED -£226,600,000 -£564,600,000 -£920,800,000 -£790,800,000 -£602,700,000 CNR INTERNATIONAL (U.K.) LIMITED £107,172,000 -£72,841,000 -£238,942,000 -£109,959,000 -£104,090,000 CENTRICA RESOURCES LIMITED £46,877,000 -£195,126,000 -£125,225,000 -£77,242,000 -£30,931,000 CENTRICA NORTH SEA OIL LIMITED -£26,382,000 £7,081,000 -£52,896,000 £21,212,000 £37,398,000 SHELL U.K. LIMITED £73,000,000 -£266,000,000 -£57,000,000 -£145,000,000 £283,000,000 SHELL EP OFFSHORE VENTURES LIMITED -£24,600,000 -£97,700,000 -£101,500,000 -£37,100,000 £7,400,000 TOTAL E&P UK LIMITED -£322,735,000 -£405,726,000 -£515,168,000 -£275,990,000 -£234,692,000 ESSO EXPLORATION AND PRODUCTION UK LIMITED £17,000,000 -£228,000,000 -£474,000,000 -£140,000,000 -£152,000,000 ENTERPRISE OIL LIMITED -£115,200,000 -£219,000,000 -£261,800,000 -£127,100,000 -£88,400,000
  65. 65. 65 MARATHON OIL U.K. LLC -£63,536,546 -£109,787,802 -£148,757,467 -£67,941,572 -£95,686,463 MARATHON OIL NORTH SEA (G.B.) LIMITED PREMIER OIL UK LIMITED £82,752,060 £31,048,743 £81,109,248 £32,115,310 £40,134,504 ITHACA CAUSEWAY LIMITED -£19,215,710 £19,163,383 ITHACA ENERGY (UK) LIMITED £10,526,348 £27,110,318 £1,954,526 £2,249,953 -£51,993 ITHACA MINERALS (NORTH SEA) LIMITED £667,323 £12,389,805 £1,850,391 £2,687,651 £2,633,632 ENI AEP LIMITED -£5,301,000 -£1,039,000 -£22,823,000 -£31,696,000 -£27,237,000 ENI ELGIN/FRANKLIN LIMITED -£37,047,000 -£41,659,000 -£66,302,000 -£241,402,000 -£132,393,000 ENI UK LIMITED -£87,964,000 -£88,765,000 -£171,964,000 -£283,038,000 -£69,555,000 ENI ULX LIMITED -£8,697,371 £14,495,618 £27,657,684 -£59,627,329 -£35,100,000 PERENCO UK LIMITED -£619,000 -£254,259,000 -£128,862,000 -£54,979,000 -£49,030,000 EDINBURGH OIL & GAS LIMITED -£124,628,000 -£110,624,000 -£105,679,000 -£74,446,000 -£53,223,000 ENDEAVOUR ENERGY UK LIMITED £1,281,088 -£8,629,648 -£11,568,797 -£75,546 -£2,412,222 E. F. OIL AND GAS LIMITED -£71,645,000 £102,464,000 -£604,459,000 -£355,736,000 -£315,814,000 FIRST OIL AND GAS LIMITED £17,456,000 £15,626,000 FIRST OIL EXPRO LIMITED -£20,350,000 £1,967,000 -£16,048,000 -£4,294,000 -£12,239,000 JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LIMITED £53,616,000 -£34,384,000 -£73,019,000 -£30,907,000 -£8,712,000 FAIRFIELD BETULA LIMITED 0 -£7,288,894 £4,242,002 £1,336,902 £19,549,220 STATOIL (U.K.) LIMITED -£79,103,000 £20,552,000 -£33,390,000 -£6,449,000 £31,623,000 DYAS EXPLORATION UK LIMITED £10,961,000 -£1,403,061 DYAS UK LIMITED £34,768,000 £69,029,000 -£36,805,000 -£29,396,000 -£14,262,000 MITSUI E&P UK LIMITED £615,850 -£631,585 BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED -£6,197,536 -£41,181,000 -£63,889,000 -£11,482,000 -£118,517,000 TRANSWORLD PETROLEUM (U.K.) LIMITED £57,022,285 -£22,171,726 -£45,750,723 -£32,508,000 -£13,716,000 SUMMIT PETROLEUM DORSET LIMITED -£17,204,027 -£12,080,545 -£10,395,117 -£12,445,309 SUMMIT EXPLORATION & PRODUCTION LIMITED -£1,644,594 -£8,636,660 -£2,339,354 -£49,625,614 -£39,255,055 E.ON E&P UK LIMITED £24,331,000 £1,925,000 £40,200,000 -£120,771,000 -£36,331,000 IDEMITSU PETROLEUM UK LTD. £19,240,173 £6,126,620 -£8,314,186 -£4,799,774 -£6,140,768
  66. 66. 66 ATLANTIC PETROLEUM UK LIMITED -£6,266,003 -£18,974,233 -£8,862,003 -£3,701,866 -£787,251 MARUBENI OIL & GAS (NORTH SEA) LIMITED -£343,666 -£7,932,839 -£18,155,368 -£2,930,387 £1,830,278 MARUBENI OIL & GAS (U.K.) LIMITED £30,291,806 £3,062,526 EWE VERTRIEB GMBH MCX DUNLIN (UK) LIMITED -£7,491,287 £13,898,670 £16,732,283 £4,858,090 £15,208,433 MCX OSPREY (UK) LIMITED £8,367,857 -£16,899,163 £14,082,225 £5,367,689 £6,396,564 SPIKE EXPLORATION UK LTD £862,427 TRAP OIL LTD 0 0 0 0 0 NORECO OIL (UK) LIMITED -£2,961,236 £8,976,436 £8,349,774 -£96,833 £401,462 WINTERSHALL (E&P) LIMITED WINTERSHALL (UK NORTH SEA) LIMITED ISLAND GAS (SINGLETON) LIMITED -£3,392,000 £13,511,000 -£2,680,000 -£1,957,000 -£1,491,000 ISLAND GAS LIMITED -£13,495,000 -£716,000 STAR ENERGY WEALD BASIN LIMITED £105,000 £14,633,000 £406,000 -£2,949,000 -£4,216,000 IONA UK HUNTINGTON LIMITED -£7,822,964 £3,219,640 £1,818,516 Valiant Causeway Limited Valiant Gamma Limited ZEUS PETROLEUM LIMITED 0 0 OMV (U.K.) LIMITED £23,925,671 -£78,111,789 -£23,658,208 £5,883,506 £3,152,320 SOJITZ ENERGY PROJECT LIMITED £38,999,803 £11,801,599 -£4,044,869 -£6,130,615 £5,698,811 CIECO EXPLORATION AND PRODUCTION (UK) LIMITED -£2,637,000 -£4,988,000 -£11,683,000 -£4,643,000 -£5,343,000 FAROE PETROLEUM (U.K.) LIMITED 0 0 £4,531,000 -£4,531,000 Antrim Resources (N.I.) Limited ROC OIL (GB) LIMITED -£314,227 -£5,065,450 -£19,211,699 -£9,175,975 -£9,029,988 NOBLE ENERGY (OILEX) LIMITED -£5,033,331 £7,110,183 -£52,929,650 -£33,725,662 -£8,031,649 DEA UK SNS LIMITED / LETTER ONE £35,481,000 £22,003,000 -£151,000 -£24,659,000 -£1,785,000 Igas Energy plc -£10,277,000 -£12,356,000 £5,773,000

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