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UKCS Upstream Oil & Gas Report 2016 Edition

The document provides a summary of oil and gas production from the UK Continental Shelf in 2015. It notes that oil production increased for the first time since 2007, rising 18.6% from 2014, while gas production also increased slightly. It lists the top oil and gas producing companies in 2015. Finally, it provides an overview of new fields that began production in 2015 and projected future increases in production from developments in the pipeline.

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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 August 2016 ISBN 978-0-9928748-2-7 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 Acknowledgment My father Billy Louden passed away on 10th May 2016 following a 15-month struggle with Pancreatic Cancer. Anyone overcome with a sudden urge to thank the author for this report could make a donation to: www.macmillan.org.uk or www.highlandhospice.org or www.mariecurie.org.uk all of whom helped to look after my father during his struggle. Rest In Peace dad.
3 Contents 1) Executive Summary 2) Operators in 2016 3) Oil Production in 2015 4) Gas Production in 2015 5) New Fields 2015 6) Field Development Pipeline 7) Declining Output & De-commissioning 8) Company Turnover & Taxation 9) Company Profiles & Contact Details 10) Company Debt 11) About the Author Page 4 Page 7 Page 9 Page 29 Page 52 Page 52 Page 62 Page 68 Page 78 Page 97 Page 102 Note: Cover photo of EnQuest Producer (Alma/Galia) courtesy of EnQuest http://www.enquest.com/media-centre/multimedia/photo-gallery.aspx
4 1) Executive Summary  Oil production on the UK Continental Shelf increased in the latest year for the first time since 2007. Gas output was also slightly up compared with 2014.  Oil production excluding NGLs totalled 44.3 Million Tonnes in 2015, an increase from 37.4 in 2014. Output rose 18.6% in one year with more field start-ups to come.  Gas production rose from 43,322 MMCuM in 2014 to 46,533 MMCuM in 2015 an increase of 7.4% with Laggan/Tormore’s start-up to come in 2016.  Nexen tops the list of Oil producers in 2015 with output of 5.12 million Tonnes.  Centrica heads up the gas list with 6.678Bn Cubic Metres produced in 2015 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 42,504 38,537 37,367 44,314 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 UKCS Oil Output (Thousand Tonnes) 1975-2015 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2016 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 46,533 - 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 2014 2015 UKCS Gas Output (MMCuM) 1995-2015 Source: Adapted from DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
5  The following new fields were brought on stream in 2015: o PEREGRINE (Nexen) o YTHAN (Enquest) o ENOCHDHU (Conoco Phillips) o GODWIN (Talisman) o ALMA (Enquest) o GALIA (Enquest) o CLADHAN (Taqa) o SOLITAIRE (Nexen) Source: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492019/Fi eld_Start-Ups_in_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 44.3 Million Tonnes in 2015. The additions under way target additional production of 47.9 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 from 2014’s low point to be 50% higher by 2018. This is hidden from the public as both DECC/OGA and the OBR are forecasting a decrease in output over the period. This isn’t credible. Output rose in 2015 but OGA & the OBR predicted it would fall. DECC predicts it’ll fall again from 2016 onwards.  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 produced a similar projection to the one above. The OGA’s shows a flatline in output over the same period. This seems impossibly negative. The impossibly negative OGA projection is the one the OBR use when attacking Scottish Government projections. The OBR analysis is partial, it doesn’t reflect reality – it’s wrong. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/503852/OGA_production_projections_- _February_2016.pdf 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 2022 2023 ThousandTonnes UK Crude Oil Production by start-up year of field (1975-2015 Actual & 2016-2023 Projected) Source: DECC Annual Oil Prodn 1975-2015,Company Data 2016-2023
6  The chart below presents an attempt to represent gas production over the same period as oil, from 1975 onwards. The attempt is somewhat fraught since much of the DECC information starts in 1995 (the big green slice) when actual production started much earlier but wasn’t recorded. Reality would be more bell-shaped than what’s here.  Gas is in for an interesting time following the completion of Laggan/Tormore. The Rough Storage facility is what keeps the lights on in the winter. Centrica has stated that its use will be curtailed this winter. It isn’t clear what steps are being taken to fill this gap.  The price of Brent Crude fell 47.1% in 2015. By contrast the Heren Energy gas price fell by 20.8% in 2015. 0 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000 120,000,000 140,000,000 160,000,000 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 2022 2023 ThousandCubicMetres UK Gas Production by start-up year of field (1975-2015 Actual & 2016-2023 Projected) Source: DECC Annual Oil Prodn 1975-2015,Company Data 2016-2023
7 2) Operators in 2015 The following Companies operated oilfields on the UKCS in 2015. Click on the links to find further details regarding which fields they control:  4 GEN ENERGY  A J LUCAS GROUP LTD  ALKANE ENERGY PLC  ALPHA PETROLEUM UK HOLDINGS  ALTWOOD PETROLEUM  ANGUS ENERGY LIMITED  ANTRIM ENERGY INC.  APACHE CORPORATION  ARDENT OIL  ARENITE PETROLEUM 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)  CARSTONE EXPLORATION  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  CORFE ENERGY  CUADRILLA RESOURCES  DANSK OLIE OG NATURGAS A/S  DORIEMUS PLC  DYAS B.V.  ECORP INTERNATIONAL  EDEN ENERGY LIMITED  EDISON SPA  EGDON RESOURCES  EGERTON ENERGY VENTURES  ENCOUNTER OIL  ENDEAVOUR ENERGY  ENEGI OIL PLC  ENERGY RESOURCE TECHNOLOGY  ENGIE E&P  ENI UK LIMITED  ENQUEST PLC  EOG RESOURCES INC.  EUROPA OIL AND GAS  EXXONMOBIL INTERNATIONAL  FAROE PETROLEUM PLC  FIRST OIL EXPRO  FREQUENT OIL  FYRD ENERGY LIMITED  GAS-UNION GMBH  GAZPROM INTERNATIONAL  GROLIFFE  GTO LIMITED  HANSA HYDROCARBONS  HESS LIMITED  HIBISCUS PETROLEUM  HIGHLAND PETROLEUM LIMITED  HOLYWELL RESOURCES  HORIZON ENERGY PARTNERS  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.
8  JERSEY OIL AND GAS PLC  JAPAN PETROLEUM EXPLORATION CO.  JX NIPPON OIL & GAS  KIMMERIDGE ENERGY MANAGEMENT LTD  KOREA NATIONAL OIL CORPORATION  KUWAIT PETROLEUM CORPORATION  MAERSK GROUP  MAGELLAN PETROLEUM CORPORATION  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  MURPHY PETROLEUM  NATIONAL IRANIAN OIL CO.  NOBLE ENERGY  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  PARKMEAD GROUP PLC  PERENCO OIL & GAS  PETROFAC  PETROGAS INTERNATIONAL  PETRONAS ENERGY TRADING  PING PETROLEUM LIMITED  PREMIER OIL PLC  REACH ENERGY LIMITED  REACH OIL & GAS  REPSOL SINOPEC RESOURCES  ROYAL DUTCH SHELL  SCOTTISH AND SOUTHERN ENERGY PLC  SCOTTISH POWER PLC  SERICA ENERGY  SOJITZ UK PLC  SONOREX OIL AND GAS  SPIKE EXPLORATION  STATOIL ASA  STEAM OIL PRODUCTION COMPANY LTD  STELINMATVIC INDUSTRIES  STERLING RESOURCES  SUMITOMO CORPORATION  SUNCOR ENERGY INC.  SWIFT EXPLORATION  TAQA EUROPA B.V.  TERRAIN ENERGY  TGS GEOPHYSICAL COMPANY (UK) LIMITED  THE CHATSWORTH ESTATES COMPANY  THIRD ENERGY  THIRD ENERGY OFFSHORE LIMITED  TOTAL UPSTREAM UK LIMITED  TULLOW UK  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 LIMITED  ZENNOR PETROLE Source: https://itportal.decc.gov.uk/information/licence_reports/databycompanyandblock.html
9 3) Oil Production Oil Production by Field: Field Name 2015 Production (Tonnes) 2015 Production (Barrels) Value $ 2015 Production (Barrels/day) BUZZARD 8,151,738 59,752,240 $ 3,130,419,854 163,705 GOLDEN EAGLE 2,196,393 16,099,561 $ 843,456,001 44,108 FORTIES 2,057,166 15,079,027 $ 789,990,225 41,312 FRANKLIN 1,436,871 10,532,264 $ 551,785,311 28,856 CAPTAIN 1,402,852 10,282,905 $ 538,721,393 28,172 KINNOULL 1,288,250 9,442,873 $ 494,712,116 25,871 FOINAVEN 1,163,192 8,526,197 $ 446,687,461 23,359 BALLOCH 969,913 7,109,462 $ 372,464,714 19,478 JASMINE 905,453 6,636,970 $ 347,710,858 18,183 CLAIR 883,957 6,479,405 $ 339,456,028 17,752 WYTCH FARM 778,510 5,706,478 $ 298,962,382 15,634 ALBA 667,605 4,893,545 $ 256,372,823 13,407 HUNTINGTON 588,051 4,310,414 $ 225,822,589 11,809 HARDING 570,585 4,182,388 $ 219,115,307 11,459 MAGNUS 547,642 4,014,216 $ 210,304,776 10,998 NINIAN 488,630 3,581,658 $ 187,643,063 9,813 GRYPHON 469,715 3,443,011 $ 180,379,346 9,433 BERYL 452,831 3,319,251 $ 173,895,560 9,094 GANNET F 447,225 3,278,159 $ 171,742,750 8,981 SHEARWATER 440,810 3,231,137 $ 169,279,267 8,852 CLAYMORE 436,434 3,199,061 $ 167,598,806 8,765 WEST BRAE 434,070 3,181,733 $ 166,690,992 8,717 SCOTT 434,000 3,181,220 $ 166,664,116 8,716 MACLURE 431,810 3,165,167 $ 165,823,099 8,672 BLAKE 410,576 3,009,522 $ 157,668,858 8,245 NELSON 402,550 2,950,692 $ 154,586,754 8,084 PEREGRINE 399,640 2,929,361 $ 153,469,223 8,026 GANNET A 382,796 2,805,895 $ 147,000,839 7,687 PIERCE 382,310 2,802,332 $ 146,814,173 7,678 THISTLE 367,870 2,696,487 $ 141,268,954 7,388 MACHAR 365,458 2,678,807 $ 140,342,699 7,339 CORMORANT SOUTH 313,892 2,300,828 $ 120,540,379 6,304 BITTERN 295,997 2,169,658 $ 113,668,383 5,944 CORMORANT NORTH 292,300 2,142,559 $ 112,248,666 5,870 NEVIS 285,320 2,091,396 $ 109,568,236 5,730 CHESTNUT 271,743 1,991,876 $ 104,354,384 5,457
10 MUNGO 264,910 1,941,790 $ 101,730,378 5,320 DON SOUTH WEST 259,724 1,903,777 $ 99,738,877 5,216 TULLICH 251,450 1,843,129 $ 96,561,528 5,050 TERN 246,920 1,809,924 $ 94,821,918 4,959 BACCHUS 245,188 1,797,228 $ 94,156,775 4,924 PELICAN 239,520 1,755,682 $ 91,980,180 4,810 CALLANISH 239,016 1,751,987 $ 91,786,599 4,800 ALWYN NORTH 235,353 1,725,137 $ 90,379,927 4,726 DOUGLAS 223,424 1,637,698 $ 85,798,998 4,487 BRAE SOUTH 221,651 1,624,702 $ 85,118,138 4,451 Enochdhu 220,691 1,617,665 $ 84,749,469 4,432 PIPER 219,680 1,610,254 $ 84,361,207 4,412 BANFF 218,430 1,601,092 $ 83,881,210 4,387 TELFORD 214,630 1,573,238 $ 82,421,939 4,310 ERSKINE 210,297 1,541,477 $ 80,757,980 4,223 ATHENA 207,148 1,518,395 $ 79,548,714 4,160 ETTRICK 206,504 1,513,674 $ 79,301,381 4,147 ELGIN 200,330 1,468,419 $ 76,930,471 4,023 KYLE 195,516 1,433,132 $ 75,081,785 3,926 STATFJORD 193,310 1,416,962 $ 74,234,639 3,882 WEST DON 192,960 1,414,397 $ 74,100,259 3,875 BRODGAR 192,507 1,411,076 $ 73,926,272 3,866 PENGUIN EAST 192,070 1,407,873 $ 73,758,466 3,857 GUILLEMOT A 185,764 1,361,650 $ 71,336,844 3,731 DUNBAR 181,178 1,328,035 $ 69,575,754 3,638 COOK 180,352 1,321,980 $ 69,258,532 3,622 JADE 171,889 1,259,946 $ 66,008,571 3,452 JANICE 169,832 1,244,869 $ 65,218,687 3,411 DONAN {MAERSK} 168,700 1,236,571 $ 64,783,955 3,388 MADOES 162,306 1,189,703 $ 62,328,540 3,259 STARLING 160,040 1,173,093 $ 61,458,342 3,214 HEATHER {AND EXT} 140,274 1,028,208 $ 53,867,817 2,817 BUCHAN 137,384 1,007,025 $ 52,758,040 2,759 Ythan 136,650 1,001,645 $ 52,476,182 2,744 JUDY 123,075 902,140 $ 47,263,115 2,472 GUILLEMOT NW 118,453 868,260 $ 45,488,141 2,379 DEVENICK 115,129 843,896 $ 44,211,711 2,312 BRITANNIA 112,895 827,520 $ 43,353,773 2,267 HOWE 112,395 823,855 $ 43,161,763 2,257 BROOM 108,373 794,374 $ 41,617,254 2,176 BLANE 108,165 792,849 $ 41,537,359 2,172 ANDREW 108,088 792,285 $ 41,507,811 2,171
11 TWEEDSMUIR SOUTH 107,030 784,530 $ 41,101,527 2,149 JOANNE 106,977 784,141 $ 41,081,147 2,148 ROCHELLE 104,000 762,320 $ 39,937,945 2,089 BRUCE 102,782 753,392 $ 39,470,207 2,064 THELMA 102,180 748,979 $ 39,239,010 2,052 TIFFANY 100,630 737,618 $ 38,643,807 2,021 BRENDA 97,056 711,420 $ 37,271,294 1,949 MACCULLOCH 96,488 707,257 $ 37,053,194 1,938 GROUSE 93,645 686,418 $ 35,961,439 1,881 BLACKBIRD 93,528 685,560 $ 35,916,488 1,878 HIGHLANDER 92,261 676,273 $ 35,429,942 1,853 FULMAR 91,563 671,157 $ 35,161,915 1,839 CLAPHAM 87,298 639,894 $ 33,524,047 1,753 LOCHRANZA 85,192 624,457 $ 32,715,302 1,711 DUNLIN 84,618 620,250 $ 32,494,898 1,699 GUILLEMOT W 83,569 612,561 $ 32,092,071 1,678 CAUSEWAY 79,897 585,645 $ 30,681,942 1,605 CORMORANT EAST 78,386 574,569 $ 30,101,670 1,574 BURGHLEY 74,937 549,288 $ 28,777,198 1,505 BRAE CENTRAL 72,003 527,782 $ 27,650,499 1,446 Godwin 70,440 516,325 $ 27,050,267 1,415 DUART 69,378 508,541 $ 26,642,463 1,393 PENGUIN WEST 68,980 505,623 $ 26,489,589 1,385 DEVERON 68,277 500,470 $ 26,219,623 1,371 EVEREST 67,492 494,716 $ 25,918,171 1,355 MERGANSER 66,659 488,610 $ 25,598,278 1,339 LYELL 65,555 480,518 $ 25,174,338 1,316 GOOSANDER 65,260 478,356 $ 25,061,071 1,311 AFFLECK 64,898 475,702 $ 24,922,028 1,303 MALLARD 64,733 474,493 $ 24,858,688 1,300 MAULE 63,461 465,169 $ 24,370,204 1,274 EIDER 63,222 463,417 $ 24,278,417 1,270 BOA 63,064 462,259 $ 24,217,749 1,266 AUK NORTH 62,175 455,743 $ 23,876,376 1,249 TEAL 59,690 437,528 $ 22,922,092 1,199 WOOD 57,920 424,554 $ 22,242,384 1,163 TONTO 53,260 390,396 $ 20,452,846 1,070 SCAPA 52,110 381,966 $ 20,011,199 1,046 SAXON 52,010 381,233 $ 19,972,797 1,044 FIONN 50,212 368,054 $ 19,282,349 1,008 ELLON 49,718 364,433 $ 19,092,645 998 HUDSON 49,177 360,467 $ 18,884,866 988
12 SEYMOUR 48,650 356,605 $ 18,682,536 977 MONAN 45,900 336,447 $ 17,626,458 922 AUK 43,407 318,173 $ 16,669,083 872 CURLEW C 43,178 316,495 $ 16,581,173 867 KINGFISHER 42,476 311,349 $ 16,311,574 853 Galia 42,431 311,019 $ 16,294,285 852 BRAEMAR 42,073 308,395 $ 16,156,814 845 OSPREY 41,570 304,708 $ 15,963,652 835 CLYDE 41,448 303,814 $ 15,916,815 832 ARBROATH 41,371 303,249 $ 15,887,215 831 ORION 40,990 300,457 $ 15,740,942 823 Alma 39,429 289,015 $ 15,141,496 792 COLUMBA BD 35,505 260,252 $ 13,634,602 713 JAMES 34,398 252,137 $ 13,209,457 691 BALMORAL 31,907 233,878 $ 12,252,868 641 RHUM 31,290 229,356 $ 12,015,961 628 WELTON 31,280 229,282 $ 12,012,084 628 SCOTER 31,220 228,843 $ 11,989,085 627 GRANT 30,694 224,987 $ 11,787,069 616 JURA 29,895 219,130 $ 11,480,221 600 GANNET D 28,777 210,935 $ 11,050,885 578 NICOL 28,430 208,392 $ 10,917,657 571 BUCKLAND 28,406 208,216 $ 10,908,436 570 FALCON 28,041 205,541 $ 10,768,293 563 FLEMING 26,609 195,044 $ 10,218,355 534 Cladhan 25,575 187,465 $ 9,821,291 514 PICT 24,640 180,611 $ 9,462,210 495 BRAE NORTH 24,450 179,219 $ 9,389,283 491 BIRCH 24,337 178,390 $ 9,345,852 489 HERON 23,917 175,312 $ 9,184,596 480 TARTAN 23,810 174,527 $ 9,143,470 478 TWEEDSMUIR 23,490 172,182 $ 9,020,615 472 SINGLETON 23,350 171,156 $ 8,966,863 469 CURLEW 22,218 162,858 $ 8,532,131 446 DOUGLAS WEST 21,388 156,774 $ 8,213,390 430 MARNOCK 20,636 151,262 $ 7,924,616 414 LOMOND 18,787 137,709 $ 7,214,575 377 BRAE EAST 18,511 135,686 $ 7,108,590 372 BRENT 16,884 123,760 $ 6,483,786 339 STRATHSPEY 16,720 122,558 $ 6,420,814 336 STOCKBRIDGE 16,700 122,411 $ 6,413,112 335 KEITH 16,582 121,546 $ 6,367,795 333
13 SKENE 14,970 109,730 $ 5,748,755 301 STIRLING 14,350 105,186 $ 5,510,695 288 SYCAMORE 13,100 96,023 $ 5,030,645 263 HUMBLY GROVE 12,966 95,041 $ 4,979,198 260 MERLIN 11,168 81,861 $ 4,288,698 224 COLUMBA E 10,210 74,839 $ 3,920,815 205 LARCH 9,811 71,915 $ 3,767,627 197 ROSS 9,410 68,975 $ 3,613,600 189 CONRIE 8,680 63,624 $ 3,333,261 174 MARIA 8,278 60,678 $ 3,178,920 166 Solitaire 8,230 60,326 $ 3,160,479 165 HORNDEAN 7,135 52,300 $ 2,739,997 143 MONTROSE 6,940 50,870 $ 2,665,079 139 DRAKE 6,851 50,218 $ 2,630,921 138 DUNLIN SOUTH WEST 6,512 47,733 $ 2,500,732 131 BEAULY 6,160 45,153 $ 2,365,566 124 GLENTWORTH 5,770 42,294 $ 2,215,783 116 SCAMPTON NORTH 5,380 39,435 $ 2,066,000 108 WAREHAM 4,890 35,844 $ 1,877,867 98 ISLAY 4,748 34,803 $ 1,823,329 95 BECKINGHAM 4,719 34,590 $ 1,812,170 95 BEINN 4,609 33,784 $ 1,769,944 93 BLETCHINGLEY 4,403 32,274 $ 1,690,835 88 BARDOLINO 4,335 31,776 $ 1,664,745 87 LENNOX 4,291 31,453 $ 1,647,823 86 GAINSBOROUGH 4,213 30,881 $ 1,617,856 85 COLD HANWORTH 4,113 30,148 $ 1,579,454 83 MEDWIN 4,052 29,701 $ 1,556,035 81 NESS 3,440 25,215 $ 1,321,014 69 LONG CLAWSON 3,338 24,468 $ 1,281,879 67 AVINGTON 3,089 22,642 $ 1,186,214 62 GANNET C 3,056 22,400 $ 1,173,536 61 WEST FIRSBY 3,040 22,283 $ 1,167,406 61 PALMERS WOOD 2,800 20,524 $ 1,075,252 56 ENOCH 2,783 20,399 $ 1,068,704 56 KIMMERIDGE 2,217 16,251 $ 851,390 45 STORRINGTON 1,920 14,074 $ 737,337 39 BOTHAMSALL 1,704 12,490 $ 654,351 34 LEVEN 1,689 12,380 $ 648,588 34 EAST GLENTWORTH 1,534 11,244 $ 589,073 31 CROSBY WARREN 1,395 10,225 $ 535,688 28 KEDDINGTON 1,284 9,412 $ 493,095 26
14 CORRINGHAM 1,276 9,353 $ 490,004 26 GOODWORTH 1,157 8,481 $ 444,320 23 BROCKHAM 970 7,110 $ 372,493 19 CARNOUSTIE 918 6,729 $ 352,532 18 FISKERTON AIRFIELD 692 5,072 $ 265,722 14 ARKWRIGHT 691 5,065 $ 265,355 14 LIDSEY 671 4,918 $ 257,654 13 WEST BECKINGHAM 670 4,911 $ 257,287 13 NETHAN 650 4,765 $ 249,638 13 BEATRICE 639 4,684 $ 245,395 13 REMPSTONE 540 3,958 $ 207,360 11 FARLEYS WOOD 535 3,922 $ 205,474 11 EGMANTON 522 3,826 $ 200,444 10 WHISBY 450 $ - NETTLEHAM 210 1,539 $ 80,628 4 STAINTON 210 1,539 $ 80,628 4 MIRREN 180 1,319 $ 69,102 4 HAWKINS 160 1,173 $ 61,453 3 SOUTH LEVERTON 140 1,026 $ 53,752 3 BRECHIN 131 960 $ 50,294 3 NEWTON ON TRENT 60 440 $ 23,052 1 Note: Oil price per barrel $52.39 is taken from BP Statistical Review of World Energy 2016 page 14. 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 for Brent Crude in 2015.
15 8,151,738 2,196,393 2,057,166 1,436,871 1,402,852 1,288,250 1,163,192 969,913 905,453 883,957 778,510 667,605 588,051 570,585 547,642 488,630 469,715 452,831 447,225 440,810 North Sea Oil Output by Field Top 20 Annual Total (Tonnes) 2015 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2016 https://itportal.decc.gov.uk/pprs/full_production.htm
16 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
17 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
18 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
19 Oil Production by Company: Equity Holder Tonnes 2015 Production (Barrels) Value $ 2015 Production (Barrels/day) NEXEN PETROLEUM U.K. LIMITED 5,120,578 37,533,837 $ 1,966,397,720 102,832 BP 3,671,052 26,908,811 $ 1,409,752,608 73,723 MAERSK OIL NORTH SEA UK LIMITED 3,434,771 25,176,871 $ 1,319,016,272 68,978 SUNCOR ENERGY UK LIMITED 3,131,732 22,955,596 $ 1,202,643,674 62,892 BG INTERNATIONAL LIMITED 2,843,606 20,843,632 $ 1,091,997,880 57,106 APACHE 2,816,108 20,642,072 $ 1,081,438,152 56,554 SHELL U.K. LIMITED 2,456,285 18,004,569 $ 943,259,370 49,328 TAQA BRATANI LIMITED 2,215,098 16,236,668 $ 850,639,037 44,484 CHEVRON NORTH SEA LIMITED 2,001,666 14,672,212 $ 768,677,187 40,198 TALISMAN SINOPEC ENERGY UK LTD 1,655,171 12,132,403 $ 635,616,593 33,239 ESSO E&P UK LIMITED 1,465,033 10,738,692 $ 562,600,074 29,421 CONOCOPHILLIPS (U.K.) LIMITED 1,246,726 9,138,502 $ 478,766,120 25,037 TOTAL E&P UK LIMITED 1,167,692 8,559,182 $ 448,415,545 23,450 ENQUEST 1,128,552 8,272,286 $ 433,385,064 22,664 DANA PETROLEUM (E&P) LIMITED 1,049,427 7,692,300 $ 402,999,597 21,075 ENI 1,032,360 7,567,199 $ 396,445,556 20,732 CNR 1,029,931 7,549,394 $ 395,512,752 20,683 PREMIER OIL UK LIMITED 707,634 5,186,957 $ 271,744,677 14,211 MARATHON OIL U.K. LLC 640,181 4,692,527 $ 245,841,490 12,856 CENTRICA 627,493 4,599,524 $ 240,969,062 12,601 DYAS EOG LIMITED 578,193 4,238,155 $ 222,036,940 11,611 ITHACA ENERGY (UK) LIMITED 549,827 4,030,232 $ 211,143,854 11,042 JX NIPPON E & P (U.K.) LIMITED 514,979 3,774,796 $ 197,761,562 10,342 PERENCO UK LIMITED 394,626 2,892,609 $ 151,543,786 7,925 ENDEAVOUR ENERGY UK LIMITED 298,221 2,185,960 $ 114,522,444 5,989 E.ON E&P UK LIMITED 241,171 1,767,783 $ 92,614,151 4,843 TRANSWORLD PETROLEUM (U.K.) LTD 177,008 1,297,469 $ 67,974,401 3,555 GDF SUEZ E&P UK LTD 176,439 1,293,298 $ 67,755,882 3,543 FIRST OIL 158,567 1,162,296 $ 60,892,687 3,184 MOL OPERATIONS UK LTD 153,764 1,127,090 $ 59,048,245 3,088 IGAS ENERGY plc 120,314 881,902 $ 46,202,846 2,416 NORECO OIL (UK) LIMITED 117,610 862,081 $ 45,164,424 2,362 STATOIL (U.K.) LIMITED 113,493 831,904 $ 43,583,451 2,279 IDEMITSU PETROLEUM UK LTD. 105,579 773,894 $ 40,544,307 2,120 FAIRFIELD 100,708 738,190 $ 38,673,774 2,022 MITSUI E&P UK LIMITED 98,918 725,069 $ 37,986,365 1,986 IONA UK HUNTINGTON LIMITED 88,208 646,565 $ 33,873,540 1,771 MARUBENI OIL & GAS (U.K.) LIMITED 80,999 593,723 $ 31,105,148 1,627 EDISON E&P UK LTD 79,039 579,356 $ 30,352,461 1,587 ATLANTIC PETROLEUM NORTH SEA LTD 66,621 488,332 $ 25,583,713 1,338 SOJITZ ENERGY PROJECT LIMITED 63,412 464,810 $ 24,351,396 1,273
20 ORANJE-NASSAU ENERGIE HANZE 50,053 366,888 $ 19,221,262 1,005 MCX 43,160 316,363 $ 16,574,258 867 PARKMEAD (E&P) LIMITED 41,430 303,682 $ 15,909,900 832 FAROE PETROLEUM (U.K.) LIMITED 40,654 297,994 $ 15,611,906 816 SERICA ENERGY (UK) LIMITED 37,853 277,462 $ 14,536,234 760 VERUS PETROLEUM (PRODUCTION) LTD 37,824 277,250 $ 14,525,128 760 SUMMIT E&P LIMITED 35,854 262,810 $ 13,768,616 720 Antrim Resources Limited 34,947 256,162 $ 13,420,327 702 OMV (U.K.) LIMITED 33,700 247,021 $ 12,941,430 677 SPIKE EXPLORATION UK LTD 31,072 227,758 $ 11,932,242 624 TRAP OIL LTD 31,072 227,758 $ 11,932,242 624 Kuwait Foreign Petroleum Explorn Coy 28,651 210,012 $ 11,002,529 575 BHP BILLITON PETROLEUM GB LTD 21,723 159,230 $ 8,342,060 436 ZEUS PETROLEUM LIMITED 20,715 151,841 $ 7,954,950 416 RIGEL PETROLEUM (NI) LIMITED 15,980 117,133 $ 6,136,598 321 IRANIAN OIL COMPANY (U.K.) LIMITED 15,645 114,678 $ 6,007,980 314 NOBLE ENERGY (OILEX) LIMITED 13,508 99,014 $ 5,187,343 271 INEOS UK SNS LIMITED 13,010 95,363 $ 4,996,068 261 HUMBLY GROVE ENERGY LIMITED 12,966 95,041 $ 4,979,198 260 CIECO E&P (UK) LIMITED 12,673 92,893 $ 4,866,664 255 EQ PETROLEUM SABAH LTD 8,011 58,721 $ 3,076,393 161 EUROPA OIL & GAS LIMITED 4,435 32,509 $ 1,703,147 89 EGDON RESOURCES U.K. LIMITED 2,398 17,577 $ 920,859 48 BRIDGE ENERGY (SNS) LIMITED 977 7,161 $ 375,165 20 ANGUS ENERGY WEALD BASIN NO.3 LTD 918 6,729 $ 352,532 18 DART ENERGY LIMITED 737 5,402 $ 283,011 15 UKOG (GB) LIMITED 714 5,234 $ 274,209 14 CIRQUE ENERGY (UK) LIMITED 692 5,072 $ 265,722 14 ECORP OIL & GAS UK LIMITED 569 4,171 $ 218,519 11 ONSHORE PRODUCTION SERVICES LTD 535 3,922 $ 205,474 11 TERRAIN ENERGY LIMITED 521 3,819 $ 200,077 10 STERLING RESOURCES (UK) PLC 512 3,753 $ 196,620 10 BLACKLAND PARK EXPLORATION LTD 450 3,299 $ 172,835 9 EDINBURGH OIL & GAS LIMITED 429 3,145 $ 164,767 9 IS E&P Limited 308 2,258 $ 118,297 6 AURORA EXPLORATION 257 1,884 $ 98,703 5 DORIEMUS PLC 231 1,693 $ 88,696 5 BROCKHAM CAPITAL LIMITED 164 1,202 $ 62,973 3 Northern Petroleum 154 1,129 $ 59,148 3 NAUTICAL PETROLEUM LIMITED 128 938 $ 49,142 3 ALTAQUEST ENERGY CORP (UK) LTD 60 440 $ 23,052 1 44,314,482 324,825,159 17,017,590,083 889,928 Note: Oil price ($52.39) is taken from BP Statistical Review of World Energy 2016 page 14. 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 Brent price for 2015.
21 8,151,738 2,196,393 2,057,166 1,436,871 1,402,852 1,288,250 1,163,192 969,913 905,453 883,957 778,510 667,605 588,051 570,585 547,642 488,630 469,715 452,831 447,225 440,810 North Sea Oil Output by Field Top 20 Annual Total (Tonnes) 2015 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2016 https://itportal.decc.gov.uk/pprs/full_production.htm
22 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
23 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
24 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
25 Equity Holder Tonnes 2015 Tonnes 2014 Difference MAERSK OIL 3,434,771 1,992,321 1,442,450 BP 3,671,052 2,370,321 1,300,731 SHELL 2,456,285 1,615,464 840,821 SUNCOR ENERGY UK LIMITED 3,131,732 2,335,090 796,642 NEXEN 5,120,578 4,350,070 770,508 ESSO E & P UK LIMITED 1,465,033 922,963 542,070 DYAS UK LIMITED 578,193 64,417 513,776 CHEVRON NORTH SEA LIMITED 2,001,666 1,604,522 397,144 JX NIPPON E&P (U.K.) LIMITED 514,979 206,231 308,748 TOTAL E&P UK LIMITED 1,167,692 894,835 272,857 DANA PETROLEUM 1,049,427 806,071 243,356 TALISMAN SINOPEC ENERGY UK LTD 1,655,171 1,426,529 228,642 CNR INTERNATIONAL 1,029,931 840,078 189,853 MARATHON OIL 640,181 481,906 158,275 ITHACA 549,827 463,468 86,359 GDF SUEZ E&P UK LTD 176,439 94,850 81,589 EDISON E&P UK LTD 79,039 - 79,039 MARUBENI OIL & GAS 80,999 27,997 53,002 ORANJE-NASSAU ENERGIE HANZE (UK) LIMITED 50,053 - 50,053 E.ON E&P 241,171 200,350 40,821 SERICA ENERGY (UK) LIMITED 37,853 - 37,853 VERUS PETROLEUM (PRODUCTION) LTD 37,824 37,824 PREMIER OIL 707,634 674,090 33,544 Kuwait Foreign Petroleum Explorn Coy 28,651 - 28,651 TRANSWORLD PETROLEUM (U.K.) LIMITED 177,008 148,923 28,085 SUMMIT PETROLEUM 35,854 19,375 16,479 IRANIAN OIL COMPANY (U.K.) LIMITED 15,645 1,625 14,020 INEOS UK SNS LIMITED 13,010 13,010 IDEMITSU PETROLEUM UK LTD. 105,579 94,105 11,474 Antrim Resources Limited 34,947 27,488 7,459 FAROE PETROLEUM (U.K.) LIMITED 40,654 34,728 5,926 RIGEL PETROLEUM (NI) LIMITED 15,980 10,570 5,410 NORECO OIL (UK) LIMITED 117,610 113,736 3,874 IONA UK HUNTINGTON LIMITED 88,208 85,302 2,906 STERLING RESOURCES (UK) PLC 512 512 BLACKLAND PARK EXPLORATION LIMITED 450 - 450 NAUTICAL PETROLEUM LIMITED 128 128 ONSHORE PRODUCTION SERVICES LIMITED 535 420 115 ALTAQUEST ENERGY CORP (UK) LTD 60 60 DORIEMUS PLC 231 215 16 DART ENERGY LIMITED 737 726 11 ECORP OIL & GAS UK LIMITED 569 560 9
26 EWE VERTRIEB GMBH 0 - 0 WINTERSHALL 0 - 0 SCHIEHALLION OIL & GAS LIMITED 0 - 0 PALADIN RESOURCES 0 - 0 MURPHY PETROLEUM LIMITED 0 - 0 NORTH SEA ENERGY (UK) LIMITED 0 - 0 IS NV Limited 0 - 0 FINA EXPLORATION LIMITED 0 - 0 Northern Petroleum plc 154 155 -1 IS E&P Limited 308 310 -2 BROCKHAM CAPITAL LIMITED 164 170 -6 DORSET EXPLORATION 0 25 -25 UKOG (GB) LIMITED 714 744 -30 UK OIL & GAS INVESTMENTS plc 0 40 -40 AURORA EXPLORATION 257 304 -47 TERRAIN ENERGY LIMITED 521 572 -51 CAIRN ENERGY plc 0 60 -60 NIPPON OIL 0 139 -139 ANGUS ENERGY 918 1,065 -147 ALBA RESOURCES LIMITED 0 148 -148 BRIDGE ENERGY 977 1,135 -158 EGDON RESOURCES 2,398 2,849 -451 BHP BILLITON 21,723 22,588 -865 EUROPA OIL & GAS LIMITED 4,435 5,400 -965 CIRQUE ENERGY (UK) LIMITED 692 1,880 -1,188 OMV (U.K.) LIMITED 33,700 35,132 -1,432 EQ PETROLEUM SABAH LTD 8,011 10,566 -2,555 ZEUS PETROLEUM LIMITED 20,715 24,058 -3,343 SPIKE EXPLORATION UK LTD 31,072 36,087 -5,015 TRAP OIL LTD 31,072 36,087 -5,015 HUMBLY GROVE ENERGY LIMITED 12,966 18,740 -5,774 CENTRICA RESOURCES LIMITED 627,493 633,852 -6,359 PARKMEAD (E&P) LIMITED 41,430 48,116 -6,686 Igas Energy plc 120,314 128,363 -8,049 ATLANTIC PETROLEUM UK LIMITED 66,621 77,555 -10,934 NOBLE ENERGY (OILEX) LIMITED 13,508 24,535 -11,027 MOL OPERATIONS UK LIMITED 153,764 164,963 -11,199 RWE DEA UK SNS LIMITED 0 14,541 -14,541 CIECO EXPLORATION AND PRODUCTION (UK) LTD 12,673 29,654 -16,981 BG Group 2,843,606 2,861,971 -18,365 FIRST OIL AND GAS 158,567 178,849 -20,282 ENQUEST 1,128,552 1,150,097 -21,545 SOJITZ ENERGY PROJECT LIMITED 63,412 86,921 -23,509 ROC OIL (GB) LIMITED 0 24,101 -24,101
27 PERENCO 394,626 421,160 -26,534 MITSUI E&P UK LIMITED 98,918 127,140 -28,222 STATOIL (U.K.) LIMITED 113,493 149,688 -36,195 VALIANT EXPLORATION LIMITED 0 49,942 -49,942 MCX (MITSUBISHI) 43,160 99,843 -56,683 ENDEAVOUR ENERGY UK LIMITED 298,221 369,312 -71,091 APACHE NORTH SEA LIMITED 2,816,108 2,892,368 -76,260 FAIRFIELD 100,708 232,967 -132,259 ENI 1,032,360 1,173,543 -141,183 CONOCOPHILLIPS (U.K.) LIMITED 1,246,726 1,456,990 -210,264 TAQA BRATANI 2,215,098 2,470,360 -255,262 EDINBURGH OIL & GAS LIMITED 429 403,600 -403,171 44,314,482 37,378,031 6,936,451
28 1,442,450 1,300,731 840,821 796,642 770,508 542,070 513,776 397,144 308,748 272,857 -36,195 -49,942 -56,683 -71,091 -76,260 -132,259 -141,183 -210,264 -255,262 -403,171 MAERSKOIL BP SHELL SUNCORENERGYUKLIMITED NEXEN ESSOE&PUKLIMITED DYASUKLIMITED CHEVRONNORTHSEALIMITED JXNIPPONE&P(U.K.)LIMITED TOTALE&PUKLIMITED STATOIL(U.K.)LIMITED VALIANTEXPLORATIONLIMITED MCX(MITSUBISHI) ENDEAVOURENERGYUKLIMITED APACHENORTHSEALIMITED FAIRFIELD ENI CONOCOPHILLIPS(U.K.)LIMITED TAQABRATANI EDINBURGHOIL&GASLIMITED UKCS Oil Output by Company Production Change in Tonnes 2015v2014 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2015 https://www.og.decc.gov.uk/pprs/full_production.htm and Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June2016 https://itportal.decc.gov.uk/pprs/full_production.htm
29 4) Gas Production Gas Production by Field 2015 (000’s Cubic Meters) Field CuM 000's MM BTUs Value $ ROUGH STORAGE 2,811,737 99,295,555 $ 648,399,974 FRANKLIN 2,567,985 90,687,534 $ 592,189,597 BRITANNIA 1,768,825 62,465,465 $ 407,899,486 JASMINE 1,616,517 57,086,759 $ 372,776,536 LENNOX 1,139,368 40,236,401 $ 262,743,699 BREAGH 1,081,875 38,206,055 $ 249,485,539 MORECAMBE SOUTH 1,056,279 37,302,141 $ 243,582,981 RHUM 902,731 31,879,644 $ 208,174,075 SEAN 868,179 30,659,452 $ 200,206,222 LEMAN {SHELL} 866,038 30,583,843 $ 199,712,495 WINGATE 849,202 29,989,286 $ 195,830,038 JURA 835,791 29,515,681 $ 192,737,397 BRUCE 783,690 27,675,751 $ 180,722,654 CLIPPER SOUTH 766,604 27,072,365 $ 176,782,543 BRODGAR 714,465 25,231,093 $ 164,759,037 ROCHELLE 670,854 23,690,985 $ 154,702,132 NEVIS 632,726 22,344,508 $ 145,909,637 LEMAN PERENCO 626,805 22,135,410 $ 144,544,227 ALWYN NORTH 611,268 21,586,726 $ 140,961,321 JADE 596,396 21,061,526 $ 137,531,765 BERYL 581,997 20,553,030 $ 134,211,286 BANFF 541,501 19,122,927 $ 124,872,713 CHISWICK 518,999 18,328,277 $ 119,683,649 SHEARWATER 517,422 18,272,585 $ 119,319,980 DEVENICK 499,670 17,645,680 $ 115,226,290 STARLING 490,985 17,338,972 $ 113,223,487 CARRACK 486,370 17,175,994 $ 112,159,241 STATFJORD 472,674 16,692,325 $ 109,000,882 BABBAGE 454,389 16,046,596 $ 104,784,272 BARQUE 434,580 15,347,048 $ 100,216,223 GALLEON 422,124 14,907,168 $ 97,343,807 JUDY 413,092 14,588,206 $ 95,260,985 LEMAN SOUTH 411,799 14,542,544 $ 94,962,812 EVEREST 395,426 13,964,337 $ 91,187,121 BUZZARD 381,423 13,469,826 $ 87,957,964 WEST SOLE 378,351 13,361,339 $ 87,249,544 INDE PERENCO 361,702 12,773,386 $ 83,410,211 BRAE EAST 319,996 11,300,552 $ 73,792,605 GROVE 319,898 11,297,091 $ 73,770,004 ELGIN 318,265 11,239,422 $ 73,393,426 ERIS 303,781 10,727,925 $ 70,053,350 ERSKINE 300,034 10,595,601 $ 69,189,275 DUNBAR 299,936 10,592,140 $ 69,166,674 SATURN {ATLAS, HYPERION, RHEA} 298,306 10,534,577 $ 68,790,788 FLEMING 290,272 10,250,859 $ 66,938,109
30 ANDREW 286,251 10,108,859 $ 66,010,849 RHYL 263,321 9,299,093 $ 60,723,077 MAGNUS 258,650 9,134,139 $ 59,645,928 YORK 251,043 8,865,500 $ 57,891,715 GRANT 250,633 8,851,021 $ 57,797,167 LOMOND 249,581 8,813,870 $ 57,554,571 RAVENSPURN SOUTH 246,621 8,709,338 $ 56,871,977 PIERCE 240,919 8,507,974 $ 55,557,070 PENGUIN EAST 239,303 8,450,906 $ 55,184,416 MERGANSER 234,391 8,277,440 $ 54,051,683 BOULTON 223,127 7,879,656 $ 51,454,154 BRAEMAR 217,410 7,677,762 $ 50,135,786 RAVENSPURN NORTH 213,555 7,541,624 $ 49,246,805 MINERVA 206,615 7,296,540 $ 47,646,406 SCOTER 202,374 7,146,770 $ 46,668,408 CALDER 202,003 7,133,669 $ 46,582,859 HEWETT 198,593 7,013,246 $ 45,796,496 JOANNE 195,416 6,901,051 $ 45,063,863 FOINAVEN 191,189 6,751,776 $ 44,089,097 CLIPPER 174,840 6,174,416 $ 40,318,936 CARAVEL 166,224 5,870,145 $ 38,332,047 KEW 166,028 5,863,223 $ 38,286,846 SKENE 165,751 5,853,441 $ 38,222,970 KETCH 165,299 5,837,479 $ 38,118,738 GRYPHON 159,411 5,629,546 $ 36,760,935 JULIET 159,309 5,625,944 $ 36,737,414 MURDOCH 157,110 5,548,287 $ 36,230,314 HUMBLY GROVE 153,498 5,420,731 $ 35,397,373 VICTOR 152,503 5,385,593 $ 35,167,922 MURDOCHK 151,515 5,350,702 $ 34,940,084 BRIGANTINEA 148,759 5,253,375 $ 34,304,539 KILMAR 148,096 5,229,961 $ 34,151,645 MARNOCK 147,446 5,207,006 $ 34,001,749 ISLAY 146,703 5,180,768 $ 33,830,415 KINGFISHER 146,083 5,158,872 $ 33,687,434 FORVIE 145,084 5,123,593 $ 33,457,062 WHITTLE 143,966 5,084,111 $ 33,199,245 BRAE NORTH 133,467 4,713,343 $ 30,778,130 BRENT 132,972 4,695,862 $ 30,663,979 KINNOULL 131,916 4,658,570 $ 30,420,462 MACHAR 128,909 4,552,378 $ 29,727,028 CUTTER 127,520 4,503,326 $ 29,406,719 APOLLO 126,138 4,454,521 $ 29,088,022 STRATHSPEY 125,430 4,429,519 $ 28,924,759 FORTIES 117,330 4,143,470 $ 27,056,859 MORECAMBE NORTH 116,895 4,128,108 $ 26,956,545 NEPTUNE 116,590 4,117,337 $ 26,886,211 BALLOCH 113,573 4,010,793 $ 26,190,478 SKIFF 111,577 3,940,305 $ 25,730,192 SCHOONER 110,174 3,890,758 $ 25,406,650 MILLOM 107,954 3,812,360 $ 24,894,711 HUNTINGTON 105,821 3,737,033 $ 24,402,825
31 VULCAN 105,513 3,726,156 $ 24,331,799 AMETHYST E 101,549 3,586,169 $ 23,417,684 GOLDEN EAGLE 99,181 3,502,544 $ 22,871,612 CERES 97,730 3,451,302 $ 22,537,002 CURLEW 96,444 3,405,888 $ 22,240,449 BRIGANTINEB 94,414 3,334,199 $ 21,772,319 ELLON 92,541 3,268,055 $ 21,340,399 TELFORD 90,589 3,199,120 $ 20,890,254 HOTON 87,901 3,104,195 $ 20,270,393 BELL 87,746 3,098,721 $ 20,234,648 GANNET A 87,430 3,087,561 $ 20,161,773 MALORY 86,831 3,066,408 $ 20,023,644 JOHNSTON 86,802 3,065,384 $ 20,016,958 MUNGO 85,193 3,008,562 $ 19,645,910 HAMILTON 82,581 2,916,320 $ 19,043,570 DRAKE 80,174 2,831,318 $ 18,488,507 ENSIGN 79,357 2,802,466 $ 18,300,103 BRAE SOUTH 77,514 2,737,381 $ 17,875,098 SCOTT 74,936 2,646,340 $ 17,280,600 COOK 70,210 2,479,443 $ 16,190,763 TRENT 69,898 2,468,425 $ 16,118,815 CAVENDISH 67,542 2,385,223 $ 15,575,506 LANCELOT 65,138 2,300,327 $ 15,021,135 SEYMOUR 64,565 2,280,091 $ 14,888,994 VALIANT SOUTH 62,758 2,216,278 $ 14,472,295 HUNTER 62,185 2,196,043 $ 14,340,161 THELMA 62,036 2,190,781 $ 14,305,800 CLAYMORE 61,961 2,188,132 $ 14,288,502 BRIGANTINEC 61,397 2,168,215 $ 14,158,444 RITA 59,192 2,090,346 $ 13,649,959 ALBA 58,485 2,065,378 $ 13,486,918 CLAIR 57,933 2,045,885 $ 13,359,629 SHAMROCK 56,159 1,983,236 $ 12,950,531 GANNET F 55,324 1,953,749 $ 12,757,981 NINIAN 54,800 1,935,244 $ 12,637,143 EXCALIBUR 54,504 1,924,791 $ 12,568,885 HYDE 54,291 1,917,269 $ 12,519,767 BAIRD 54,063 1,909,217 $ 12,467,187 CORMORANT SOUTH 53,557 1,891,348 $ 12,350,502 AFFLECK 53,270 1,881,212 $ 12,284,314 ANNABEL 52,322 1,847,734 $ 12,065,703 VALIANT NORTH 51,802 1,829,370 $ 11,945,786 CALLANISH 51,395 1,814,997 $ 11,851,930 VIKINGB 51,189 1,807,722 $ 11,804,425 HARDING 51,107 1,804,827 $ 11,785,520 SALTFLEETBY 50,778 1,793,208 $ 11,709,648 DOUGLAS 50,686 1,789,959 $ 11,688,432 CAPTAIN 50,577 1,786,110 $ 11,663,298 BLAKE 49,628 1,752,596 $ 11,444,452 NUGGETS 49,300 1,741,013 $ 11,368,815 MADOES 48,461 1,711,384 $ 11,175,338 ORCA 48,099 1,698,600 $ 11,091,858
32 CAISTER CARBONIFEROUS 47,185 1,666,323 $ 10,881,089 PICKERILL 46,418 1,639,236 $ 10,704,211 BITTERN 46,080 1,627,300 $ 10,626,269 SEVEN SEAS 44,166 1,559,708 $ 10,184,893 NELSON 43,202 1,525,664 $ 9,962,586 PENGUIN WEST 40,788 1,440,415 $ 9,405,910 CHESTNUT 40,005 1,412,763 $ 9,225,342 HOWE 39,892 1,408,773 $ 9,199,288 WENLOCK 39,694 1,401,780 $ 9,153,623 MACLURE 38,594 1,362,934 $ 8,899,959 MCADAM 37,740 1,332,776 $ 8,703,027 PIPER 37,328 1,318,226 $ 8,608,016 AMETHYST W 36,682 1,295,413 $ 8,459,047 Enochdhu 35,616 1,257,767 $ 8,213,219 THISTLE 34,901 1,232,517 $ 8,048,336 MIMAS 34,294 1,211,081 $ 7,908,359 TWEEDSMUIR SOUTH 32,840 1,159,734 $ 7,573,063 CORVETTE 32,303 1,140,770 $ 7,449,228 VICTORIA 31,871 1,125,514 $ 7,349,606 CORMORANT NORTH 29,527 1,042,736 $ 6,809,066 GALAHAD 27,779 981,006 $ 6,405,969 DELILAH 27,770 980,688 $ 6,403,893 Peregrine 26,637 940,677 $ 6,142,621 NEWSHAM 25,615 904,585 $ 5,906,940 WYTCH FARM 25,381 896,322 $ 5,852,983 AUDREY 24,352 859,983 $ 5,615,689 ETTRICK 23,798 840,418 $ 5,487,930 ANGLIA 23,736 838,229 $ 5,473,635 GUILLEMOT NW 23,733 838,123 $ 5,472,943 WOOD 23,719 837,629 $ 5,469,717 BRAE CENTRAL 23,341 824,280 $ 5,382,548 GANYMEDE 22,559 796,664 $ 5,202,216 BEINN 22,320 788,223 $ 5,147,096 FULMAR 22,137 781,761 $ 5,104,899 MONAN 22,093 780,207 $ 5,094,752 TERN 21,679 765,587 $ 4,999,283 GADWALL 21,625 763,680 $ 4,986,830 INDE SOUTH WEST 21,407 755,981 $ 4,936,556 GUILLEMOT A 21,002 741,679 $ 4,843,164 OTTER 20,145 711,414 $ 4,645,533 HERON 19,822 700,007 $ 4,571,046 HELVELLYN 19,150 676,276 $ 4,416,082 HEATHER {AND EXT} 18,801 663,951 $ 4,335,600 DONAN {MAERSK} 18,796 663,774 $ 4,334,444 GUINEVERE 18,671 659,360 $ 4,305,621 GARROW 18,191 642,409 $ 4,194,931 JANICE 17,972 634,675 $ 4,144,428 DAVY EAST 16,793 593,039 $ 3,872,545 CLEETON 16,099 568,531 $ 3,712,507 KYLE 15,372 542,857 $ 3,544,856 DAVY 15,064 531,980 $ 3,473,829 BOA 14,967 528,555 $ 3,451,464
33 MARIA 14,962 528,378 $ 3,450,308 MUNRO 14,754 521,033 $ 3,402,345 BRENDA 14,313 505,459 $ 3,300,647 GANNET C 14,086 497,442 $ 3,248,296 MORDRED 14,003 494,511 $ 3,229,157 TIFFANY 13,895 490,697 $ 3,204,251 BACCHUS 13,794 487,131 $ 3,180,965 KEITH 13,750 485,577 $ 3,170,818 WEST BRAE 13,298 469,614 $ 3,066,579 BIRCH 12,853 453,899 $ 2,963,960 DON SOUTH WEST 12,369 436,807 $ 2,852,350 DALTON 12,274 433,452 $ 2,830,442 ORION 11,518 406,754 $ 2,656,104 MALLARD 11,407 402,834 $ 2,630,506 TEAL 11,043 389,980 $ 2,546,569 BLACKBIRD 10,808 381,681 $ 2,492,377 SEAN EAST 10,676 377,019 $ 2,461,934 TULLICH 10,121 357,420 $ 2,333,953 TARTAN 9,981 352,476 $ 2,301,668 BOYLE 9,723 343,365 $ 2,242,173 TWEEDSMUIR 9,505 335,666 $ 2,191,899 BUCKLAND 9,241 326,343 $ 2,131,020 Ythan 9,099 321,328 $ 2,098,272 BROOM 9,097 321,258 $ 2,097,815 Godwin 9,053 319,704 $ 2,087,667 MERCURY 8,931 315,395 $ 2,059,529 MACCULLOCH 8,692 306,955 $ 2,004,416 HAMILTON NORTH 8,467 299,009 $ 1,952,529 BLANE 8,335 294,348 $ 1,922,092 GUILLEMOT W 8,171 288,556 $ 1,884,271 LYELL 8,117 286,649 $ 1,871,818 WINDERMERE 7,923 279,798 $ 1,827,081 LOCHRANZA 7,569 267,297 $ 1,745,449 ATHENA 7,235 255,502 $ 1,668,428 SINGLETON 7,139 252,121 $ 1,646,350 GROUSE 6,950 245,437 $ 1,602,704 WEST DON 6,156 217,397 $ 1,419,602 VANGUARD 6,098 215,349 $ 1,406,229 MARKHAM 5,789 204,437 $ 1,334,974 CORMORANT EAST 5,626 198,680 $ 1,297,380 TOPAZ 5,512 194,654 $ 1,271,091 VIXEN 5,483 193,630 $ 1,264,404 BUCHAN 5,481 193,560 $ 1,263,947 EIDER 5,312 187,592 $ 1,224,976 HAWKINS 5,309 187,486 $ 1,224,284 DUNLIN 5,201 183,672 $ 1,199,378 BOULTONH 5,034 177,774 $ 1,160,864 GANNET D 4,794 169,299 $ 1,105,522 NICOL 4,783 168,910 $ 1,102,982 AUK NORTH 4,774 168,592 $ 1,100,906 ARBROATH 4,630 163,507 $ 1,067,701 GAINSBOROUGH 4,417 155,985 $ 1,018,582
34 Alma 4,005 141,435 $ 923,571 CLYDE 3,970 140,199 $ 915,499 SAXON 3,782 133,560 $ 872,147 HUDSON 3,684 130,099 $ 849,546 LARCH 3,684 130,099 $ 849,546 Galia 3,481 122,930 $ 802,733 COLUMBA BD 3,399 120,035 $ 783,829 MAULE 3,373 119,116 $ 777,827 SYCAMORE 3,296 116,397 $ 760,072 BROWN 3,270 115,479 $ 754,078 CAUSEWAY 3,256 114,985 $ 750,852 DEVERON 3,212 113,431 $ 740,704 TETHYS 3,210 113,360 $ 740,241 PICT 3,201 113,042 $ 738,164 TONTO 2,872 101,424 $ 662,299 FIONN 2,842 100,364 $ 655,377 AUK 2,787 98,422 $ 642,696 PICKERING 2,719 96,021 $ 627,017 BRIGANTINED 2,637 93,125 $ 608,106 VALKYRIE 2,607 92,065 $ 601,184 GOOSANDER 2,076 73,313 $ 478,734 CLAPHAM 2,013 71,088 $ 464,205 KIRBY MISPERTON 1,970 69,570 $ 454,292 TYNE NORTH 1,872 66,109 $ 431,692 OSPREY 1,837 64,873 $ 423,621 SCAPA 1,623 57,316 $ 374,273 WELTON 1,537 54,279 $ 354,442 NESS 1,355 47,851 $ 312,467 Cladhan 1,338 47,251 $ 308,549 ROSS 1,282 45,273 $ 295,633 VISCOUNT 1,206 42,589 $ 278,106 JAMES 1,094 38,634 $ 252,280 MONTROSE 1,031 36,409 $ 237,751 BURGHLEY 1,008 35,597 $ 232,448 BARDOLINO 977 34,502 $ 225,298 FALCON 949 33,514 $ 218,846 WAVENEY 934 32,984 $ 215,386 HIGHLANDER 920 32,489 $ 212,153 DUART 898 31,713 $ 207,086 BLETCHINGLEY 635 22,425 $ 146,435 BALMORAL 622 21,966 $ 143,438 CONRIE 502 17,728 $ 115,764 DOUGLAS WEST 497 17,551 $ 114,608 MERLIN 456 16,103 $ 105,153 MEDWIN 455 16,068 $ 104,924 EUROPA 446 15,750 $ 102,848 COLUMBA E 428 15,115 $ 98,701 DUNLIN SOUTH WEST 402 14,196 $ 92,700 Soliaire 369 13,031 $ 85,092 ENOCH 367 12,960 $ 84,629 CURLEW C 344 12,148 $ 79,326 PELICAN 334 11,795 $ 77,021
35 DOE GREEN 317 11,195 $ 73,103 KEDDINGTON 311 10,983 $ 71,719 BECKINGHAM 281 9,923 $ 64,797 STIRLING 272 9,606 $ 62,727 STORRINGTON 248 8,758 $ 57,190 MARISHES 233 8,228 $ 53,729 PALMERS WOOD 209 7,381 $ 48,198 MIRREN 183 6,463 $ 42,203 LEVEN 182 6,427 $ 41,968 SCAMPTON NORTH 159 5,615 $ 36,666 HORNDEAN 157 5,544 $ 36,202 KESTREL 151 5,333 $ 34,824 COLD HANWORTH 146 5,156 $ 33,669 CARNOUSTIE 145 5,121 $ 33,440 GLENTWORTH 136 4,803 $ 31,364 BEAULY 128 4,520 $ 29,516 CROSBY WARREN 127 4,485 $ 29,287 CORRINGHAM 108 3,814 $ 24,905 ARKWRIGHT 99 3,496 $ 22,829 MALTON 95 3,355 $ 21,908 NETHAN 72 2,543 $ 16,606 STOCKBRIDGE 67 2,366 $ 15,450 REMPSTONE 63 2,225 $ 14,529 BOTHAMSALL 59 2,084 $ 13,609 LONG CLAWSON 44 1,554 $ 10,148 EAST GLENTWORTH 42 1,483 $ 9,684 WEST BECKINGHAM 39 1,377 $ 8,992 BRECHIN 31 1,095 $ 7,150 AVINGTON 24 848 $ 5,537 BEATRICE 17 600 $ 3,918 SOUTH LEVERTON 11 388 $ 2,534 STAINTON 11 388 $ 2,534 EGMANTON 6 212 $ 1,384 WAREHAM 6 212 $ 1,384 GOODWORTH 2 71 $ 464 DURANGO 1 35 $ 229 HAMILTON EAST 1 35 $ 229 46,532,701 1,643,286,838 $10,730,663,041
36 2,812 2,568 1,769 1,617 1,139 1,082 1,056 903 868 866 849 836 784 767 714 671 633 627 611 596 UKCS Gas Output by Field Top 20 Annual Total (MMCuM) 2015 Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
37 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
38 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
39 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
40 Gas Production by Company 2015 (Million Cubic Metres) Equity Holder Total MMm3 MM BTUs Value $ CENTRICA 6,678 235,831,344 $ 1,539,978,676 TOTAL E&P UK LTD 4,109 145,107,965 $ 947,555,011 SHELL U.K. LIMITED 3,666 129,463,568 $ 845,397,099 CONOCOPHILLIPS 3,363 118,763,224 $ 775,523,853 PERENCO UK LIMITED 3,191 112,689,101 $ 735,859,830 ESSO E & P UK LIMITED 3,179 112,265,325 $ 733,092,572 ENI UK LIMITED 2,894 102,200,645 $ 667,370,212 BG INTERNATIONAL LIMITED 2,476 87,439,115 $ 570,977,421 BP EXPLORATION 2,134 75,361,499 $ 492,110,588 INEOS UK SNS LIMITED 1,591 56,185,635 $ 366,892,197 CHEVRON NORTH SEA LIMITED 1,233 43,542,984 $ 284,335,686 SSE E&P UK LIMITED 1,056 37,292,288 $ 243,518,641 TAQA BRATANI LIMITED 984 34,749,632 $ 226,915,097 APACHE NORTH SEA LIMITED 945 33,372,360 $ 217,921,511 PREMIER OIL UK LIMITED 745 26,309,427 $ 171,800,558 CNR INTERNATIONAL (U.K.) LIMITED 709 25,038,099 $ 163,498,786 NEXEN PETROLEUM U.K. LIMITED 619 21,859,779 $ 142,744,357 DANA PETROLEUM (E&P) LIMITED 463 16,350,691 $ 106,770,012 IRANIAN OIL COMPANY (U.K.) LIMITED 451 15,926,915 $ 104,002,755 MAERSK OIL UK LIMITED 435 15,361,880 $ 100,313,076 Wintershall Noordzee 420 14,832,160 $ 96,854,005 MARATHON OIL U.K. LLC 332 11,724,469 $ 76,560,783 GDF SUEZ E&P UK LTD 331 11,689,155 $ 76,330,182 STERLING RESOURCES LTD 325 11,477,267 $ 74,946,554 BURLINGTON RESOURCES (IRISH SEA) LIMITED 322 11,371,323 $ 74,254,739 ENDEAVOUR ENERGY UK LIMITED 315 11,124,120 $ 72,640,504 TALISMAN SINOPEC N SEA LTD 268 9,464,331 $ 61,802,081 BAYERNGAS EUROPE LIMITED 251 8,863,981 $ 57,881,796 JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LTD 183 6,462,584 $ 42,200,674 TULLOW OIL SK LIMITED 181 6,391,955 $ 41,739,466 FAROE PETROLEUM (U.K.) LIMITED 174 6,144,752 $ 40,125,231 Gazprom Germania 170 6,003,493 $ 39,202,809 MITSUI E&P UK LIMITED 166 5,862,235 $ 38,280,395 HUMBLY GROVE ENERGY LIMITED 153 5,403,144 $ 35,282,530 EDISON E&P UK LTD 153 5,403,144 $ 35,282,530 SUNCOR ENERGY UK LIMITED 148 5,226,571 $ 34,129,509 XTO UK, LTD 132 4,661,536 $ 30,439,830 BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED 130 4,590,907 $ 29,978,623 Gas-Union 127 4,484,963 $ 29,286,808 MOL OPERATIONS UK LTD 122 4,308,389 $ 28,133,780 BOWLAND RESOURCES LIMITED 104 3,672,725 $ 23,982,894 SOJITZ ENERGY PROJECT LIMITED 99 3,496,152 $ 22,829,873 ENQUEST HEATHER LIMITED 97 3,425,523 $ 22,368,665 DYAS UK LIMITED 91 3,213,635 $ 20,985,037 ITHACA ENERGY (UK) LIMITED 89 3,143,005 $ 20,523,823 FIRST OIL EXPRO LIMITED 79 2,789,859 $ 18,217,779 SUMMIT EXPLORATION AND PRODUCTION LIMITED 63 2,224,824 $ 14,528,101 NSGP (ENSIGN) LIMITED 60 2,118,880 $ 13,836,286
41 HANSA HYDROCARBONS LIMITED 57 2,012,936 $ 13,144,472 SERICA ENERGY (UK) LIMITED 54 1,906,992 $ 12,452,658 WINGAS STORAGE UK LIMITED 51 1,801,048 $ 11,760,843 MARUBENI OIL & GAS (U.K.) LIMITED 49 1,730,419 $ 11,299,636 ALPHA PETROLEUM RESOURCES LIMITED 46 1,624,475 $ 10,607,822 OMV (U.K.) LIMITED 42 1,483,216 $ 9,685,400 TRANSWORLD PETROLEUM (U.K.) LIMITED 30 1,059,440 $ 6,918,143 IONA ENERGY COMPANY (UK) PLC 30 1,059,440 $ 6,918,143 VERUS PETROLEUM (SNS) LIMITED 25 882,867 $ 5,765,122 NORECO OIL (UK) LIMITED 21 741,608 $ 4,842,700 ZENNOR CNS LIMITED 18 635,664 $ 4,150,886 STATOIL (U.K.) LIMITED 17 600,349 $ 3,920,279 IDEMITSU PETROLEUM UK LTD. 14 494,405 $ 3,228,465 EGDON RESOURCES U.K. LIMITED 11 388,461 $ 2,536,650 ATLANTIC PETROLEUM NORTH SEA LIMITED 9 317,832 $ 2,075,443 CALENERGY GAS LIMITED 8 282,517 $ 1,844,836 FAIRFIELD BETULA/FAGUS LIMITED 6 211,888 $ 1,383,629 IGAS ENERGY plc 12 423,776 $ 2,767,257 ORANJE-NASSAU ENERGIE UK LIMITED 5 176,573 $ 1,153,022 THIRD ENERGY UK GAS LIMITED 5 176,573 $ 1,153,022 NOBLE ENERGY (OILEX) LIMITED 3 105,944 $ 691,814 Kuwait Foreign Petroleum Explorn Coy 3 105,944 $ 691,814 MCX DUNLIN (UK) LIMITED 2 70,629 $ 461,207 PARKMEAD (E&P) LIMITED 1 35,315 $ 230,607 SPIKE EXPLORATION UK LTD 1 35,315 $ 230,607 TRAP OIL LTD 1 35,315 $ 230,607 CIECO EXPLORATION AND PRODUCTION (UK) LIMITED 1 35,315 $ 230,607 RIGEL PETROLEUM (NI) LIMITED 1 35,315 $ 230,607 DART ENERGY LIMITED 1 35,315 $ 230,607 ZEUS PETROLEUM LIMITED 1 35,315 $ 230,607 EQ PETROLEUM SABAH LTD 1 35,315 $ 230,607 EOG RESOURCES UNITED KINGDOM LIMITED 1 35,315 $ 230,607 ECORP OIL & GAS UK LIMITED 1 35,315 $ 230,607 46,534 1,643,332,704 10,730,962,558
42 6,678 4,109 3,666 3,363 3,191 3,179 2,894 2,476 2,134 1,591 1,233 1,056 984 945 745 709 619 463 451 435 UKCS Gas Output by Company Top 20 Annual Total (MMCuM) 2015 Source: Adapted from DECCAnnual Dry+AssociatedGas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
43 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
44 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
45 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
46 Change in Annual UK Gas Production (MMCuM) Co Total Equity Holder (2015v2014) BP EXPLORATION 904 TOTAL E&P UK LTD 533 IRANIAN OIL COMPANY (U.K.) LIMITED 405 CNR INTERNATIONAL (U.K.) LIMITED 328 ENI UK LIMITED 295 CHEVRON NORTH SEA LIMITED 294 PERENCO UK LIMITED 291 SHELL U.K. LIMITED 223 INEOS UK SNS LIMITED 213 MAERSK OIL UK LIMITED 188 WINTERSHALL NOORDZEE 116 TALISMAN SINOPEC N SEA LTD 100 ENDEAVOUR ENERGY UK LIMITED 98 JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LTD 85 APACHE NORTH SEA LIMITED 79 DYAS UK LIMITED 54 SUNCOR ENERGY UK LIMITED 52 SSE E&P UK LIMITED 48 GAZPROM GERMANIA 47 SOJITZ ENERGY PROJECT LIMITED 37 BAYERNGAS EUROPE LIMITED 36 CONOCOPHILLIPS 35 Gas-Union 35 SUMMIT EXPLORATION AND PRODUCTION LIMITED 29 MOL OPERATIONS UK LTD 27 ITHACA ENERGY (UK) LIMITED 26 EDISON E&P UK LTD 24 ENQUEST HEATHER LIMITED 15 BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED 15 ALPHA PETROLEUM RESOURCES LIMITED 14 TRANSWORLD PETROLEUM (U.K.) LIMITED 13 MITSUI E&P UK LIMITED 13 MARUBENI OIL & GAS (U.K.) LIMITED 10 EGDON RESOURCES U.K. LIMITED 10 STATOIL (U.K.) LIMITED 6 ORANJE-NASSAU ENERGIE UK LIMITED 5 STERLING RESOURCES LTD 2 IDEMITSU PETROLEUM UK LTD. 2 DART ENERGY LIMITED 1 ECORP OIL & GAS UK LIMITED 1 EOG RESOURCES UNITED KINGDOM LIMITED 0 NORECO OIL (UK) LIMITED 0 IONA ENERGY COMPANY (UK) PLC 0
47 NAUTICAL PETROLEUM LIMITED 0 AURORA EXPLORATION 0 LIVERPOOL BAY LIMITED 0 ENTERPRISE OIL LIMITED 0 IS E&P Limited 0 Northern Petroleum 0 ALTWOOD PETROLEUM LIMITED 0 ANGUS ENERGY WEALD BASIN NO.3 LIMITED 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 ELSWICK POWER LIMITED 0 MONTROSE INDUSTRIES LIMITED 0 MOSAIC (TRISTAN) LIMITED 0 NOIL Energy ASA 0 ONSHORE PRODUCTION SERVICES LIMITED 0 SCOTTISHPOWER GENERATION LIMITED 0 SEVEN STAR NATURAL GAS LIMITED 0 WARWICK ENERGY LIMITED 0 YORKSHIRE EXPLORATION LIMITED 0 E.ON E&P UK LIMITED 0 BRIDGE ENERGY (SNS) LIMITED 0 UK OIL & GAS INVESTMENTS plc 0 NIPPON OIL 0 STAR ENERGY OIL & GAS LIMITED 0 EUROPA OIL & GAS LIMITED 0 TERRAIN ENERGY LIMITED 0 ALBA RESOURCES LIMITED 0 CALENERGY GAS LIMITED 0 EQ PETROLEUM SABAH LTD 0 RIGEL PETROLEUM (NI) LIMITED 0 ZEUS PETROLEUM LIMITED -1 CIECO EXPLORATION AND PRODUCTION (UK) LIMITED -1 Antrim Resources Limited -1 EUROIL EXPLORATION LIMITED -1 SPIKE EXPLORATION UK LTD -1 TRAP OIL LTD -1 NOBLE ENERGY (OILEX) LIMITED -1 ROC OIL (GB) LIMITED -1 ATLANTIC PETROLEUM NORTH SEA LIMITED -1
48 PARKMEAD (E&P) LIMITED -1 Valiant Causeway Limited -2 MCX DUNLIN (UK) LIMITED -2 THIRD ENERGY UK GAS LIMITED -3 OMV (U.K.) LIMITED -5 VERUS PETROLEUM (SNS) LIMITED -10 IGAS ENERGY plc -4 MARATHON OIL U.K. LLC -12 DANA PETROLEUM (E&P) LIMITED -16 EDINBURGH OIL & GAS LIMITED -17 BOWLAND RESOURCES LIMITED -17 NSGP (ENSIGN) LIMITED -20 WINGAS STORAGE UK LIMITED -21 NEXEN PETROLEUM U.K. LIMITED -22 FAROE PETROLEUM (U.K.) LIMITED -36 HANSA HYDROCARBONS LIMITED -51 TULLOW OIL SK LIMITED -64 BURLINGTON RESOURCES (IRISH SEA) LIMITED -70 TAQA BRATANI LIMITED -76 HUMBLY GROVE ENERGY LIMITED -82 FIRST OIL EXPRO LIMITED -90 BG INTERNATIONAL LIMITED -127 ESSO E & P UK LIMITED -129 FAIRFIELD BETULA/FAGUS LIMITED -152 CENTRICA -181 PREMIER OIL UK LIMITED -218 GDF SUEZ E&P UK LTD -269
49 903,625 533,395 405,269 328,339 295,010 293,892 290,625 223,444 212,964 188,206 -69,841 -76,101 -81,930 -89,709 -126,908 -128,803 -151,750 -181,320 -218,176 -269,450 BPEXPLORATION TOTALE&PUKLTD IRANIANOILCOMPANY(U.K.)LIMITED CNRINTERNATIONAL(U.K.)LIMITED ENIUKLIMITED CHEVRONNORTHSEALIMITED PERENCOUKLIMITED SHELLU.K.LIMITED INEOSUKSNSLIMITED MAERSKOILUKLIMITED BURLINGTONRESOURCES(IRISHSEA)LIMITED TAQABRATANILIMITED HUMBLYGROVEENERGYLIMITED FIRSTOILEXPROLIMITED BGINTERNATIONALLIMITED ESSOE&PUKLIMITED FAIRFIELDBETULA/FAGUSLIMITED CENTRICA PREMIEROILUKLIMITED GDFSUEZE&PUKLTD UKCS Gas Output by Company Production Change in MMCuM 2015v2014 Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
50 831 674 504 452 310 305 241 201 199 165 154 153 144 129 123 110 100 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
51
52 5) New Fields 2015 The following fields were brought into production in 2015:  ALMA (EnQuest)  GALIA (EnQuest)  CLADHAN (Taqa Global)  ENOCHDHU(ConocoPhillips)  GODWIN (Talisman Sinopec)  PEREGRINE (Nexen)  SOLITAIRE (Nexen)  YTHAN (EnQuest) 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 Cygnus GDF Suez E&P 2016 2,555 Morrone Taqa Global 2016 148,920 Seymour BG Group 2016 Platypus Dana Petroleum 2016 276 Laggan/Tormore Total 2016 5,168 Alder Chevron 2016 372,300 1,124 Conwy EOG 2016 992,800 Stella Ithaca 2016 1,489,200 686 Aviat Apache 2016 0 95 Flyndre Maersk Group 2016 496,400 Solan Premier Oil 2016 1,191,360 Clair Ridge BP 2017 5,956,800 441 Barra Dana Petroleum 2017 992,800 Edradour Total 2017 0 36 Harris Dana Petroleum 2017 992,800 Crathes EnQuest 2017 248,200 Schiehallion BP 2017 6,453,200 913 Kraken EnQuest 2017 1,241,000 Kraken North EnQuest 2017 1,241,000 Scolty EnQuest 2017 248,200 Cawdor Maersk Group 2017 248,200 Orlando Verus Petroleum 2017 546,040 Catcher Premier Oil 2017 1,985,600 Burgman Premier Oil 2017 248,200
53 Varadero Premier Oil 2017 248,200 Cayley Talisman Sinopec 2017 0 1,045 Shaw Talisman Sinopec 2017 893,520 Callater Apache 2018 744,600 Mariner Statoil 2018 2,730,200 Blythe IOG 2018 0 153 Glenlivet Total 2018 0 44 Columbus Serica Energy 2019 52,600 181 Corona Apache 2019 248,200 Culzean Maersk Group 2019 2,555 Harrier Ithaca 2019 397,130 183 Mariner East Statoil 2019 1,042,440 Cheviot Alpha Petroleum 2020 1,241,000 511 Rosebank Chevron 2020 4,964,000 818 Lancaster Hurricane 2020 496,400 Bentley Xcite 2020 1,985,600 Utgard Statoil 2020 0 989 Perth Parkmead 2021 248,200 Dolphin Parkmead 2021 Lowlander Faroe 2021 Seagull Apache 2021 431,868 164 Vorlich BP 2021 212,459 62 Fyne Antrim Resources 2022 0 Erne Antrim Resources 2022 0 Fram Shell 2022 0 0 Athena Verus Petroleum 2022 0 0 Cairngorm Verus Petroleum 2022 0 Jackdaw BG Group 2022 0 2,555 Moth BG Group 2022 0 Arran Dana Petroleum 2022 361,876 912 Black Horse Nexen 2022 248,200 Cambo OMV 2022 248,200 Tornado OMV 2022 0 Courageous Maersk Group 2022 496,400 Brochel Maersk Group 2022 496,400 Crosgan Ineos 2022 0 0 Keplar Ineos 2022 0 0 Suilven BP 2022 496,400 Alligin BP 2022 248,200 Puffin Shell 2022 0 0 Whirlwind Hurricane 2022 248,200 Bressay Statoil 2022 1,985,600 Austen Ithaca 2022 194,092 227 Sillimanite Wintersall 2022 0 0 46,053,005 21,693
54 GDF Suez has developed the Cygnus Field which will come onstream in 2016 and produce 5% of the UK’s gas at peak production of 250MM Cu ft per day. N.B. Possibly delayed until 2017. 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 Taqa Global developed the Morrone field, expected to produce 3,000 Boepd with first oil expected in the 3rd quarter of 2014 – there’s still no sign of it yet on DECC’s list of field start-ups. http://www.taqaglobal.com/media-centre/press-releases/2013/16-12-2013?sc_lang=en 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/ Total’s Laggan-Tormore development entered production in 2016 following completion of a new gas processing plant in Shetland. The fields will produce a small amount of condensate along with a very large amount of gas to be exported via the SIRGE system. Laggan/Tormore adds 5,168MMCuM per year to UK production. Dong & SSE each hold 20% stakes in Laggan Tormore. http://www.total.uk/en/home/media/list-news/total-starts-production-laggan-tormore-west-shetland http://www.offshore-technology.com/projects/laggan-tormore/ http://www.total-icop.co.uk/laggan_tormore/ http://www.laggan-tormore.com/ 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 EOG’s Conwy field is situated in the Liverpool Bay area and is tied back to the Douglas platform. EOG state production commenced March 2016. Listed on DECC/OGA start-up spreadsheet 2016. http://investors.eogresources.com/Presentations-and-Events http://investors.eogresources.com/download/EOG_0516.pdf Ithaca’s Greater Stella Area Project has made progress with the Floating Production Facility FPF-1 leaving the Remontowa shipyard prior to installation. Production is scheduled to commence in September 2016. http://www.ithacaenergy.com/media/news/gsa-update-0 https://www.energyvoice.com/oilandgas/north-sea/115237/ithacas-fpf-1-gets-green-light-travel- greater-stella- development/?utm_source=Sailthru&utm_medium=email&utm_campaign=EV%20Daily%20Newslet ter%202016-07-22&utm_term=Energy%20Voice%20-%20Newsletter Apache commenced production from its Aviat gas field in June 2016. This development is to provide feed gas for Forties replacing diesel to extend field life whilst reducing cost. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/535620/Field_Start- Ups_in_2016_to_date__July_2016_.pdf Maersk Group is 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/
55 http://www.offshore-mag.com/articles/2014/05/clyde-platform-to-host-north-sea-flyndre-cawdor- development.html Premier Oil developed the Solan Field and commenced production in April 2016 aiming for 24,000 boe p/d output. Premier bought out co-venturer Chrysaor’s 40% with payment 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 BP is 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 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 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/ Total’s Edradour Field Development is proceeding West of Shetland with the aim being to tie in to the Laggan/Tormore infrastructure which is now in place and operational. Dong holds a 25% interest. http://www.heraldscotland.com/business/13168386.Total_to_proceed_with_the_Edradour_gas_fie ld/ EnQuest’s Scolty/Crathes Field Development proceeds apace with future production tied back to the Kittiwake infrastructure. The Crathes well exceeded projections and was on time and under budget. http://www.enquest.com/media-centre/press-releases/2016/19-05-2016.aspx BP’s Schiehallion Field West of Shetland will re-start production in 2017. The new KBR-designed Glen Lyon FPSO is in situ with 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 http://www.bp.com/en/global/corporate/press/press-releases/new-glen-lyon-fpso-sets-sail-for-west-of- shetland.html EnQuest’s Kraken and Kraken North developments are both 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 http://www.enquest.com/~/media/Files/E/Enquest/2015%20FYR_docs/FYR2015Final.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.
56 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 Verus Petroleum (100%) has taken over Spike, who’ve taken over Bridge who’ve taken over Iona Energy (75%) and Atlantic Energy’s (25%) Orlando Field following Iona’s collapse, targeting output of 11,000 bpd tied back to Ninian. No update on a 2017 start has been seen. Perhaps there’s no time with all the deal-making? http://www.ionaenergy.com/operations/orlando http://www.ionaenergy.com/investor-relations/presentations/ http://www.bbc.co.uk/news/uk-scotland-scotland-business-24109614 https://www.energyvoice.com/oilandgas/66058/north-sea-new-wave-player-verus-makes-debut/ https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=714832&lang=en http://www.petroleum.fo/Default.aspx?pageid=19987 http://www.energy-pedia.com/news/united-kingdom/atlantic-petroleum-sells-orlando-field-interest-to- bridge-petroleum-167693 Premier Oil will bring its Catcher development online in 2017. As well as adding 40,000 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 http://www.premier-oil.com/premieroil/operations/uk Premier Oil will bring its Burgman well online in 2017 adding 5,000 barrels per day to UKCS output. http://www.premier-oil.com/premieroil/operations/uk Premier Oil will bring its Varadero well online in 2017 adding 5,000 barrels per day to UKCS output. http://www.premier-oil.com/premieroil/operations/uk Repsol Sinopec is bringing the Cayley (gas) and Shaw (oil) fields into production in 2017 at an anticipated rate of 15,000 Boepd for each part of the field. The Montrose Area re-development jacket was installed in 2015 with the topsides leaving Heerema’s Zwinjdrecht yard in April 2016: http://www.talisman-sinopec.com/en/news/accommodation-vessel-arrives-at-mar/ http://www.ogj.com/articles/2016/04/new-montrose-platform-topsides-leaves-yard.html Apache’s Callater Field development is under way in the Beryl area targeting 15,000 bpd by 2018. http://www.apachecorp.com/Operations/UK_North_Sea/NewsAndArticles/Beryl_Field_celebrates_40 _years/index.aspx Statoil will bring the Mariner Field online in 2018. 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/NewsAndMedia/News/2012/Pages/21Dec_Mariner.aspx 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 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
57 IOG has purchased the half of the Blythe Field development block it didn’t own and is working on the production of a Field Development Plan in 2016 http://independentoilandgas.com/blythe.html http://independentoilandgas.com/news_detail.php?recordID=94 Total (80%) is developing the Glenlivet Field which will tie in to the Shetland processing plant developed for Laggan/Tormore. Dong holds the remaining 20%. Target is 21,000 boe per day. http://www.subseaiq.com/data/Project.aspx?project_id=516 http://www.ogj.com/articles/2014/10/total-to-develop-glenlivet-gas-field-off-uk.html http://www.total.uk/en/home/media/list-news/uk-government-approves-field-development-plans- totals-edradourglenlivet-project 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 http://www.serica-energy.com/columbus.php Apache is working on the Corona Field with an estimated start-up in 2019. The estimate is between 5,000 and 10,000 bpd. http://www.oedigital.com/technology/safety-security/item/12255-apache-moves-on-callater- investment Maersk is proceeding with 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 Ithaca is working on the Harrier development with a plan to enter production in 2016. I’ve stuck it in 2019. http://www.ithacaenergy.com/media/news/greater-stella-area-development-concept-select https://ca.finance.yahoo.com/news/Ithaca-Energy-Inc-Greater-marketwire-2019147670.html 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 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 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. Target is still to produce 100,000 barrels per day and to process 80MM Cuft/day. Exactly when, no-one knows. http://www.chevronunitedkingdom.com/our-businesses/operated-assets/rosebank/ Hurricane Energy’s Lancaster Field is one of the most promising West of Shetland developments of recent years. Hurricane suspended plans to farm out the development when it became clear they could
58 raise finance themselves through a share placement. Hurricane is one of few emerging firms able to access funds in volume at this time. https://www.hurricaneenergy.com/assets/Documents/ConceptualisingnewInfrastructureHubWoSPDF. pdf?1432150035 http://www.edisoninvestmentresearch.com/downloadpdf/14493/702 http://www.offshoreenergytoday.com/hurricane-energy-raises-cash-for-lancaster-drilling-first-oil-in- 2019/ Xcite Energy’s Bentley Field Development remains under huge pressure due to the oil price. Securing investor cash flow is key. Xcite needs to secure funding before their license expires. An investor with cash to farm-in is needed quickly. http://www.xcite-energy.com/assets/bentley http://www.xcite-energy.com/investors/presentations-and-documents/agm-2016-presentation http://www.xcite-energy.com/investors/presentations-and-documents/agm-2015-presentation Statoil has bought out its UK partners in the Utgard Field which lies across the UK/Norway border in the North Sea. This gas & condensate development will tie back to Sleipner in the Norwegian sector. A Final Investment Decision (FID) is expected before the end of 2016. Production will start in 2020. http://www.ogj.com/articles/2016/06/statoil-moves-toward-utgard-development.html http://www.statoil.com/en/NewsAndMedia/News/2016/Pages/03jun-utgard.aspx http://www.statoil.com/en/NewsAndMedia/News/2016/Pages/28Jun_utgardtransaction.aspx Parkmead is looking to develop the Perth oilfield by 2021. It will produce a Field Development Plan incorporating Perth and neighbouring Dolphin (Parkmead) and Lowlander (Faroe) prospects in one FDP for better economies of scale in line with Wood Review recommendations. http://www.parkmeadgroup.com/uploaded/financial/Interim_Results_for_the_six- month_period_ended_31_December_2015.pdf http://www.offshoreenergytoday.com/parkmead-faroe-in-talks-for-joint-fpso-use-in-north-sea/ BP is involved in some of the largest projects currently under development. Further out in the future is the Vorlich Field development. A test well flowed at 5,350 bpd in 2014. FDP by yr end 2016. http://www.bp.com/en/global/corporate/press/press-releases/gdf-suez-and-bp-discover-new-central- north-sea-field.html http://www.woodgroupfrontier.com/case-studies/field-development-options-study.pdf Antrim Resources has stopped developing the Fyne and Erne Fields where it hoped to produce 4,000 bpd. Wells have been plugged and abandoned. Antrim is looking to relinquish & perhaps to re-apply for the license. http://www.antrimenergy.com/files/Antrim_2014_Annual_Report_-_Final.pdf http://antrimenergy.com/files/Antrim_2015_Annual_Report_-_Final_220416.pdf Shell Exploration & Production have postponed development of their Fram prospect following disappointing initial drilling results in 2013. The FPSO was cancelled. There’s been no comment from Shell since 2013. Perhaps pressure in the well dissipated swiftly leaving no option but abandonment? http://www.shell.co.uk/media/2013-media-releases/reassess-development-of-fram-field-in-north- sea.html http://www.devex- conference.org/pdf/Presentations_2012/Fram_FDP_DEVEX2012FINAL9_5_12.pdf Verus Petroleum, EnQuest and KUFPEC from Kuwait are looking to bring forward the Cairngorm Field by 2022. With EnQuest tied up with Kraken following Alma/Galia progress has been slow. http://www.kufpec.com/Reports/KUFPEC%20Annual%20Reports/Annual%20Report%202014.pdf.p df http://www.kufpec.com/Operations/Pages/EMEA.aspx#myAnchor
59 BG group are looking to develop their Jackdaw prospect by 2022. A Final Investment Decision (FID) was expected to be made in 2017. What the impact of the Shell takeover will be remains to be seen. http://bg-group.com/343/where-we-work/uk/ http://files.the-group.net/library/bggroup/country_data/downloads/country_uk.pdf Dana Petroleum hoped to bring the Arran Field onstream by 2022. It suffered a major setback when BG cancelled its plan for a Bridge Linked Platform (BLP) for the neighbouring Lomond Field which Dana had hoped to tie in to. No mention of Arran remains on the Dana website. https://itportal.decc.gov.uk/eng/fox/path/PATH_REPORTS/current- projects?PATH_OPERATOR_ID=109 http://www.offshoreenergytoday.com/bg-wont-build-lomond-blp/ Nexen, the biggest oil producer on the UKCS was seeking to develop their Black Horse prospect by 2022. Seismic on the Black Horse extension was inconclusive and plans seem to have slowed. The 2008 appraisal well on Black Horse flowed through a restricted choke at 5,248 barrels per day. http://www.subseaiq.com/data/PrintProject.aspx?project_id=967 OMV has secured acreage West of Shetland including the Cambo oil & gas prospect from Hess. No details of a Field Development Plan or a start date could be found. https://itportal.decc.gov.uk/pathfinder/discoveriesindex.html http://www.offshore-mag.com/articles/2014/03/shetland-deal-increases-omv-s-stake-in-cambo.html OMV also purchased a stake in the Tornado gas prospect. Again no signs of progress were seen. https://itportal.decc.gov.uk/pathfinder/discoveriesindex.html http://www.offshore-mag.com/articles/2014/03/shetland-deal-increases-omv-s-stake-in-cambo.html Maersk has the Courageous Field down for future development along with a sister field Brochel. https://itportal.decc.gov.uk/pathfinder/discoveriesindex.html Crosgan is a project being developed by Ineos (75%) the operators of the Grangemouth Refinery in Scotland. Sterling Resources (25%) is their partner on this project. http://www.sterling-resources.com/ Keplar is also being developed in association with Sterling Resources. Sterling secured an adjoining block in the 26th Offshore Licensing Round. http://www.offshoreenergytoday.com/sterling-resources-successful-in-uk-26th-offshore-licensing- round-awards/ BP identified Suilven as a field for future development West of Shetland. There has been no update from BP on this project for several years possibly due to work at Clair and Schiehallion. http://www.subseaiq.com/data/Project.aspx?project_id=1829 BP still has Alligin as a major project on its Form 20-F in 2014 (Page 26). Now Clair and Schiehallion are reaching completion this may well gain more attention. http://www.bp.com/content/dam/bp/pdf/investors/bp-annual-report-and-form-20f-2014.pdf Shell has the Puffin Field down as a future development. The Fram Field Development Plan (FDP) shows various wells have been drilled in and around Puffin which seems to have a complex structure and is part oil, part gas and part condensate in a difficult to drill prospect. http://www.devex- conference.org/pdf/Presentations_2012/Fram_FDP_DEVEX2012FINAL9_5_12.pdf Hurricane Energy’s Whirlwind prospect will proceed to sanction after the completion of Lancaster. No flow rate has been reported from the test well drilled. A minimal 5,000 bpd is shown. https://www.hurricaneenergy.com/Operations/HurricaneAssets/WhirlwindBasementDiscovery/
60 Statoil’s Bressay development is in the process of being re-engineered in an effort to reduce the capital cost. Statoil don’t intend to proceed at present and a platform order was cancelled 31/7/16. http://www.statoil.com/en/About/Worldwide/UnitedKingdom/UKUpstream/Pages/Bressay.aspx Wintersall has the Sillimanite Field under development. Tie-back should be to Wintersall’s Wingate infrastructure which lies just to the South. https://itportal.decc.gov.uk/eng/fox/path/PATH_REPORTS/current-projects https://itportal.decc.gov.uk/web_files/ems/2012/Wintershall-ems.pdf Not Proceeding Taqa Global’s Darwin development appears to have been dropped following the drilling of a dry well 211/27e-13. Fairfield Energy had 50% of Darwin. Riverstone Holdings were big investors in Fairfield prior to the well being drilled. Two further wells didn’t result in a decision to proceed. http://www.fairfield-energy.com/pages/view/darwin http://www.dundasconsultants.com/files/docs/case-studies/Darwin_Development_Study.pdf Premier Oil’s Ptarmigan a single well development 15/29a-15 - appears to have been plugged and abandoned. Premier Oil publications focus on other developments. http://www.premier-oil.com/premieroil/operations/global-licence-interests http://www.seafish.org/media/1487961/issue_02_oil_gas_email.pdf ENI’s Deborah Field is a gas storage conversion of a depleted gas producing field. Consented in 2011, it is reckoned the facility would be able to store 4.6 BnCuM when full. ENI did not make a Final Investment Decision and never proceeded to develop the field. http://abarrelfull.wikidot.com/deborah-gas-field http://utilityweek.co.uk/news/why-do-consented-gas-storage-projects-still-struggle-to-get- financed/1140372#.V6CvuhKMVHs Independent Oil & Gas has acquired the Vulcan Satellite Fields from Verus Petroleum just as we were going to press. Vulcan East seemed to have dropped out of contention for development following the re-structuring of the old Bridge Energy A/S. IOG intends to produce a Field Development Plan and will seek to bring Vulcan East, North West and South forward. https://www.energyvoice.com/oilandgas/66058/north-sea-new-wave-player-verus-makes-debut/ http://www.oedigital.com/component/k2/item/12698-iog-acquires-vulcan-fields 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. There is no Field Development Plan in place. 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 https://itportal.decc.gov.uk/eng/fox/path/PATH_REPORTS/current- projects?PATH_OPERATOR_ID=94
61 DECC & OGA Contacts Digest of United Kingdom Energy Statistics DUKES contacts: Upstream Oil DUKES Shyam Lakhani Telephone: +44 (0) 300 068 6865 Energy Trends Oil natalie.cartwright@decc.gsi.gov.uk 0300 068 5260 Gas matthew.curds@decc.gsi.gov.uk 0300 068 8414 Petroleum Licensing Mike Hawkins tel: 0300 068 6038 mike.hawkins@oga.gsi.gov.uk Tracy Selby Telephone: 0300 068 6050 Email: tracy.selby@oga.gsi.gov.uk 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 Oil discharged with produced water Email: offshore.inspectorate@decc.gsi.gov.uk Telephone +44 (0) 1224 254138 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: 0300 020 1041 Joy Gray Telephone: 0300 067 1614 Field Approvals and Field Start-ups John Webber Telephone: 0300 020 1041 Field and Pipeline Decommissioning claire.grant@oga.gsi.gov.uk on 01224 254034 claire.thomson@decc.gsi.gov.uk Guidance on upstream oil and gas infrastructure access dispute resolution Robert White Email: robert.a.white@oga.gsi.gov.uk Telephone: 0300 068 6056 Environmental and Emissions Monitoring System (EEMS) The main EEMS help desk is maintained by Collabro: email: eems@collabro.co.uk tel: 01224 853453 fax: 01224 853429 Gwen Moran at gwen.moran@collabro.co.uk or 01224 853423
62 7) Declining Output and De-commissioning Until this year Oil Output on the UKCS had been declining since 1999. Gas output also dropped from its peak in the year 2000 until 2013, it increased in 2014 and is again up in 2015. Oil output is not expected to rise in 2016 but is about to take off again with the addition of Clair Ridge, Schiehallion (Quad 204) and Mariner in 2017. 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 rose in 2015. Whilst 2016 isn’t expected to show a big rise, the position for the following years looks likely to show the significant increment 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 increasing rate rather than slowing 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”. -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 2015 North Sea Oil Change in Output Annual Percentage Change 1980 - 2015 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June 2016 https://itportal.decc.gov.uk/pprs/full_production.htm
63 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. 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 five years showing figures in excess of this. There has been: 2012 Calendar Year 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 near the end of the year helped the decline in production fall to the lowest seen since 2007. Production was predicted to rise in 2015 for the first time since 1999. 2015 Calendar Year The prediction made last year that output would be up in 2015 was borne out. Golden Eagle and Kinnoull providing a full year’s output added over 3,000,000 Tonnes in the year. Boosts in output from Balloch and Buzzard also helped as did the Gannets, Pierce and Shearwater. New fields Peregrine, Ythan and Enochdhu also helped output to soar. On the downside, Jasmine saw a big drop in output in 2015. We won’t see as much progress in 2016 but output will soar again in 2017 & 2018. Restoration of output from Schiehallion, the arrival of Clair Ridge, Mariner and Kraken in the coming years will paint a very different picture. What has been the position with gas output? 2012 Calendar Year 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. -40% -20% 0% 20% 40% 60% 80% 100% 120% 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 North Sea Gas Change in Output Annual Percentage Change 1980 - 2015 Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://www.og.decc.gov.uk/pprs/full_production.htm
64 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. 2015 Calendar Year West Franklin, Rhum, Shearwater and Brodgar all added significantly to output in 2015. Jasmine and Morecambe South posted large declines. The gains outstripped the losses. In 2016 we’ll see the arrival of Laggan/Tormore providing a significant boost to gas supply, with Cygnus following in 2017. Conclusions The unplanned outages which have plagued the industry in recent times have started to reverse with West Franklin and Shearwater boosting output in 2015. Output has started to rise as work to restore and indeed to improve levels of production nears completion. Gas output improved in 2015. There will be an increase in output in 2016 from Laggan/Tormore coming onstream, but Engie’s Cygnus field is delayed and Centrica warns that the Rough Storage facility needs maintenance and will not be operating anywhere near the level seen in recent years. As Rough Storage keep the UK’s lights on in the winter this presents a significant risk for UK plc. Predicting Future Oil Output Our analysis 2016 2017 2018 2019 2020 2021 2022 Oil Output k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes Baseline 44,314 42,039 46,057 57,704 52,342 50,127 51,332 Depletion 4,431 4,204 4,606 5,770 5,234 5,013 5,133 39,883 37,835 41,451 51,934 47,108 45,114 46,199 New Fields 2,820 8,645 17,550 3,041 3,475 6,739 1,924 Depletion 664 423 1,297 2,633 456 521 1,011 Prediction 42,039 46,057 57,704 52,342 50,127 51,332 45,156 Source: Author’s own calculations adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June 2016 https://www.og.decc.gov.uk/pprs/full_production.htm If we start off from the 2015 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 output in 2018 will be over 50% higher than it was in 2014 (37,378k Tonnes). OGUK 2016 2017 2018 2019 2020 2021 2022 Oil Output k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes Baseline 44,314 45,333 47,146 50,222 47,146 44,314 39,883 Depletion 1,137 6,409 13,177 3,484 5,851 10,649 4,901 43,177 38,924 33,969 46,738 41,295 33,665 34,982 New Fields 2,820 8,645 17,969 3,041 3,475 6,739 1,924 Depletion 664 423 1,297 2,633 456 521 1,011 Prediction 45,333 47,146 50,222 47,146 44,314 39,883 35,895 Source: Author’s own interpretation of Oil & Gas UK’s “Activity Survey 2016” http://oilandgasuk.co.uk/activitysurvey.cfm
65 Oil & Gas UK’s 2016 Activity Survey predicts a rise of 13.3% in output by 2018. They looked at oil & gas together & gave figures of approx 1.5MM Boepd in 2014 rising to 1.7MM Boepd in 2018 in their “Central Case” scenario. Under their “Worst Case” output would rise from 1.5MM Boepd to 1.55MM Boepd, an increase of 3.33%. 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 2016 and 2018 the factor for declining production in existing fields has to climb from 10% to 27.9% by 2018 – the figure of 13,177 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 remains positively sunny. DECC’s projection from last year is shown below. It saw no upturn coming and predicted a much worse decline than it had suggested in 2014. I didn’t agree. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/287001/production_projections.pdf DECC has, reluctantly, had to accept that output rose in 2015. They predict a small fall in 2016 which I’d accept is possible and then a tiny rise in 2017 and 2018 which seems astonishingly pessimistic. DECC is saying that Schiehallion, Clair Ridge, Mariner, Kraken, Greater Stella Area, Cygnus and Catcher will add nothing to output. The truth will out. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/503852/OGA_production_projections_- _February_2016.pdf
66 2016 2017 2018 2019 2020 2021 2022 DECC k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes Baseline 44,314 42,314 42,814 43,314 41,314 38,314 36,268 Depletion 4,156 7,722 16,172 2,408 6,019 8,264 1,917 40,158 34,592 26,642 40,906 35,295 30,050 34,351 New Fields 2,820 8,645 17,969 3,041 3,475 6,739 1,924 Depletion 664 423 1,297 2,633 456 521 1,011 Prediction 42,314 42,814 43,314 41,314 38,314 36,268 35,264 Source: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/503852/OGA_production_projections_- _February_2016.pdf Note: excludes NGL output added to DECC Oil production charts & figures manually by DECC. DECC’s “UKCS Oil and Gas Production Projections” March 2015 page 1 made the farcical suggestion that output would fall in 2015. Oil rose by 19% and Gas by 7% according to DECC’s own numbers. DECC continues to look for a decline over the next few years oblivious to the fields about to come onstream. The decline in output from existing fields needs to increase from a normal rate of perhaps 10% to as high as 18.25% in 2017 and to over 37.8% in 2018. This isn’t conceivable or possible. In our final year the opposite is the case. The natural rate of depletion has to fall in 2022 to 5.29% 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 2016 2017 2018 2019 2020 2021 2022 k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes Baseline 46,532,701 42,965,796 45,475,512 40,688,569 36,402,650 34,671,311 31,874,764 Depletion 5,583,924 5,155,896 5,457,061 4,882,628 4,368,318 4,160,557 3,824,972 40,948,777 37,809,900 40,018,451 35,805,941 32,034,332 30,510,754 28,049,792 New Fields 2,476,094 8,037,026 1,875,672 878,060 2,768,688 1,779,313 989,750 Depletion 459,075 371,414 1,205,554 281,351 131,709 415,303 266,897 Prediction 42,965,796 45,475,512 40,688,569 36,402,650 34,671,311 31,874,764 28,772,645 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. An attempt is made above to put what information there is into a table. I’d expect a dip in 2016 due to delays in Cygnus. Laggan/Tormore will provide a bigger than anticipated boost so the decline may be smaller than shown. Centrica’s difficulties and potential outage at Rough Storage could in turn make it worse.
67 Overall Conclusions Let’s look at the positives first. Laggan/Tormore has come onstream and will give a significant boost to gas output. Aviat will help Apache maintain output at Forties. Solan and Conwy will lift oil production in 2016. But 2016 won’t be a year like 2015. On the downside, Cygnus has been delayed again and won’t now start production until 2017. Rough Storage appears to need major works which will start before Cygnus comes online posing a real threat to gas and electricity supplies were the winter to prove harsh. The following year 2017 will see a significant increase in output if we avoid unplanned outages. The arrival of Schiehallion, Clair Ridge, Kraken and Mariner will boost production and give a much needed boost to corporate cash flows which have been under strain since the oil price crashed. 2017 is the year when the repletion commences. In terms of the market, prices remain low, well below the boom times of recent years. The reasons for this are many but I’ll highlight a few: Firstly, there has been massive rightward shift in the supply curve as a result of fracking and enhanced oil recovery. Much more oil is available to meet demand than was expected. Historical patterns of decline have slowed and in Texas and elsewhere they have been reversed. You can increase production from old wells! Who’d have thought it? Secondly, the cost of production has fallen. Initially this was a gradual decline, but the collapse in prices speeded things up. Costs have been stripped out. In an industry heavily dependent on expensive people this cost reduction has been at the expense of the industry’s workforce. They are the real losers here. Thirdly, efficiency gains in engine technology often arising from the Directives those terrible Eurocrats we all-used-to-hate-but-now-are-starting-to-appreciate-a-bit-more did reduce the demand for fuel. Fourthly, demand hasn’t increased as expected, growth has slowed in China and India and Brazil. The world again hovers on the brink of recession and the Eurozone economies were forced by their lenders to go into recession and reverse the growth pattern they’d been on. What about the future? Endogenous Factors include the threats from a resumption of US drilling the minute oil hits $50 we’ll be back to “drill baby drill”, and hence to the Exploration side of the UK business. Wildcat wells will be few and far between. Development drilling on existing fields will be much more likely. Risk taking in a low price scenario won’t be the norm. OGA’s support for the seismic sector is good policy. Exogenous Factors are the problem. We can’t control idiocy in the IMF. We also have to recognise that the world is warming. Boosting carbon sinks through mass tree planting might be a way to burnish our green credentials and help limit the growth in temperature. Total under Patrick Pouyanné is seeking to diversify and prepare for the changes ahead. Perhaps more businesses need to follow their lead?
68 8) Company Turnover & Taxation Company Turnover 2014 2013 2012 2011 2010 £m £m £m £m £m SHELL U.K. LIMITED 6,713,000,000 7,905,000,000 9,070,000,000 11,811,000,000 10,328,000,000 CONOCOPHILLIPS (U.K.) LIMITED 4,822,100,000 8,205,300,000 15,939,000,000 35,878,700,000 28,742,400,000 NEXEN PETROLEUM U.K. LIMITED 2,562,301,265 2,658,644,046 2,210,583,348 2,089,841,229 1,735,083,441 Gas-Union Gmbh 2,043,351,629 1,984,899,505 1,449,372,987 MURPHY PETROLEUM LIMITED 1,865,149,000 3,894,120,000 4,173,345,000 3,960,875,000 2,135,734,000 TAQA BRATANI 1,355,060,233 1,173,280,149 1,093,195,424 1,083,629,708 740,979,930 BP EXPLORATION OPERATING COMPANY LIMITED 1,339,562,290 1,635,015,515 1,964,198,657 2,442,769,733 2,611,805,229 ESSO E & P UK LIMITED 1,192,000,000 1,413,000,000 1,329,000,000 1,837,000,000 1,976,000,000 BG INTERNATIONAL LTD 1,054,000,000 762,000,000 815,000,000 1,101,000,000 1,170,000,000 SUNCOR ENERGY UK LIMITED 1,028,630,000 1,339,988,000 1,177,936,000 1,236,947,000 1,260,924,000 APACHE NORTH SEA LIMITED 1,010,317,186 1,265,883,634 1,166,932,014 1,288,369,585 985,872,022 TOTAL E&P UK LIMITED 854,817,000 1,460,536,000 1,313,704,000 1,548,789,000 1,519,595,000 CHEVRON NORTH SEA LIMITED 824,900,000 1,169,800,000 1,467,300,000 1,735,600,000 1,474,700,000 REPSOL SINOPEC RESOURCES UK LIMITED 782,372,087 937,746,749 1,254,921,331 1,848,000,642 565,523,000 MAERSK OIL NORTH SEA UK LIMITED 754,803,309 610,065,130 369,727,343 481,603,598 701,827,923 PERENCO UK LIMITED 702,564,000 1,051,227,000 585,499,000 348,791,000 245,967,000 ENQUEST HEATHER LIMITED 609,530,600 603,824,520 89,158,459 127,887,795 86,110,595 STATOIL (U.K.) LIMITED 601,572,000 755,214,000 813,505,000 774,389,000 551,283,000 PREMIER OIL UK LIMITED 509,336,686 338,716,140 276,456,039 163,705,017 274,350,574 ENTERPRISE OIL LIMITED 430,400,000 366,900,000 497,000,000 617,700,000 445,200,000 CENTRICA RESOURCES LIMITED 424,873,000 695,573,000 482,601,000 500,565,000 435,824,000 E. F. OIL AND GAS LIMITED 379,050,000 262,058,000 366,013,000 1,058,751,000 857,470,000 CNR INTERNATIONAL (U.K.) LIMITED 371,850,000 430,746,000 525,117,000 720,046,000 626,408,000 DANA PETROLEUM (E&P) LIMITED 343,068,000 502,767,000 592,820,000 504,816,000 293,133,000 ENI UK LIMITED 280,712,000 663,733,000 403,950,000 463,490,000 605,621,000
69 SSE E&P UK Limited 263,500,000 118,100,000 102,300,000 15,800,000 MARATHON OIL U.K. LLC 240,861,536 296,800,700 430,234,130 533,278,906 366,023,448 INEOS UK SNS LIMITED 232,891,000 145,455,000 109,047,000 112,035,000 121,660,000 JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LTD 226,426,089 108,571,000 138,006,000 209,784,000 177,295,000 ENDEAVOUR ENERGY UK LIMITED 205,958,936 210,461,478 126,298,326 25,427,938 28,601,152 PREMIER OIL E&P UK LIMITED 204,090,000 166,379,000 94,398,000 214,783,000 231,231,000 BRITOIL 190,938,419 559,082,327 1,038,064,247 756,434,950 702,124,590 ENI ELGIN/FRANKLIN LIMITED 180,234,000 142,821,000 117,613,000 500,865,000 386,571,000 DYAS EOG LIMITED 176,913,000 236,781,000 207,137,000 183,496,000 164,764,000 MAERSK OIL UK LIMITED 166,949,329 161,492,771 216,737,597 237,358,818 180,432,426 ITHACA ENERGY (UK) LIMITED 154,418,697 149,401,862 97,283,305 77,592,581 83,889,613 ENGIE E&P UK LTD 153,287,000 78,568,000 70,257,000 83,416,000 102,530,000 CENTRICA NORTH SEA OIL LIMITED 151,897,000 193,535,000 282,861,000 253,999,000 273,303,000 MITSUI E&P UK LIMITED 111,516,545 82,481,383 35,533,921 ENI ULX LIMITED 110,290,093 115,437,834 133,313,592 207,649,559 153,500,000 Tullow Oil SK Limited 93,644,000 149,152,396 140,244,873 169,469,155 140,393,451 Liverpool Bay Limited 89,713,382 FAIRFIELD BETULA LIMITED 83,794,546 95,038,234 46,681,984 62,662,950 96,882,497 FIRST OIL AND GAS LIMITED 78,042,000 275,000 TRANSWORLD PETROLEUM (U.K.) LIMITED 76,974,979 58,218,986 131,729,543 156,355,927 159,160,000 Burlington Resources (Irish Sea) Limited 68,813,000 34,371,000 124,386,000 138,241,000 102,273,000 NORECO OIL (UK) LIMITED 66,314,965 44,612,009 FIRST OIL EXPRO LIMITED 60,076,000 93,756,000 53,223,000 72,142,000 60,860,000 ARCO BRITISH LIMITED, LLC 59,593,746 51,183,519 290,954,893 362,685,517 295,088,405 Igas Energy plc 58,160,000 75,917,000 68,304,000 22,120,000 656,000 IDEMITSU PETROLEUM UK LTD. 57,098,560 67,222,072 78,024,118 84,477,862 75,803,723 IONA UK HUNTINGTON LIMITED 56,438,713 35,705,354 ENI AEP LIMITED 51,359,000 62,854,000 82,182,000 95,387,000 97,175,000 Edison E&P UK Limited 47,552,291 58,023,139 40,470,591 83,340,312 107,266,982
70 SHELL EP OFFSHORE VENTURES LIMITED 45,900,000 150,900,000 201,400,000 277,100,000 168,000,000 DYAS UK LIMITED 44,374,000 93,473,000 110,607,000 95,359,000 133,488,000 Sterling Resources (UK) Limited 43,418,000 1,848,000 42,000 796,000 STAR ENERGY WEALD BASIN LIMITED 42,303,000 26,336,000 30,226,000 14,121,000 11,834,000 ISLAND GAS LIMITED 39,694,000 52,413,000 58,482,000 19,894,000 535,000 SOJITZ ENERGY PROJECT LIMITED 39,168,146 43,180,772 11,967,766 19,413,912 47,445,683 Bayerngas Europe Limited 37,434,103 21,034,121 6,829,491 BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED 32,381,330 115,528,784 154,555,000 205,234,000 200,885,000 FAROE PETROLEUM (U.K.) LIMITED 32,011,000 16,384,000 29,841,000 60,066,000 5,873,000 OMV (U.K.) LIMITED 28,044,809 38,017,455 149,800,835 125,475,747 107,966,102 MCX DUNLIN (UK) LIMITED 25,867,693 32,364,043 14,445,334 20,403,382 26,343,517 SUMMIT EXPLORATION & PRODUCTION LIMITED 23,463,328 3,189,695 40,497,483 37,114,007 129,660,693 ATLANTIC PETROLEUM UK LIMITED 21,574,179 47,529,368 64,921,188 50,606,444 48,628,408 AMOCO (FIDDICH) LIMITED 21,363,534 31,103,296 22,650,757 48,971,857 29,235,115 Hansa Hydrocarbons Limited 20,870,016 580,034 PARKMEAD GROUP plc 18,639,000 24,656,000 4,070,000 2,948,901 3,745,565 MOLGROWEST (I) LIMITED 18,391,000 24,372,017 26,250,564 35,189,640 28,484,545 MARUBENI OIL & GAS (NORTH SEA) LIMITED 17,585,956 26,719,950 26,618,586 112,499,194 96,309,004 DYAS EXPLORATION UK LIMITED 16,323,000 2,134,000 CIECO EXPLORATION AND PRODUCTION (UK) LIMITED 15,690,000 23,850,000 25,899,000 28,326,000 25,185,000 HUMBLY GROVE ENERGY LIMITED 15,507,000 14,101,000 15,500,000 10,865,000 15,366,000 FAROE PETROLEUM (ROGB) LIMITED 15,381,424 11,707,360 15,484,256 45,287,142 32,462,455 MCX OSPREY (UK) LIMITED 15,256,132 8,511,212 4,903,349 16,966,568 19,010,141 ZEUS PETROLEUM LIMITED 15,217,000 21,789,000 1,147,000 SPIKE EXPLORATION UK LTD 15,164,204 12,920,710 Wingas Storage UK Limited 14,470,950 13,195,311 856,756 30,645 32,220 TRAP OIL LTD 13,416,064 30,309,304 1,674,698 804,166 795,834 MARUBENI OIL & GAS (U.K.) LIMITED 12,449,960 37,880,463 50,990,060
71 Bowland Resources Limited 12,150,000 3,592,000 VERUS PETROLEUM (SNS) LIMITED 12,090,541 19,956,134 16,616,855 25,531,816 10,643,834 Verus Petroleum (SNS) Limited 12,090,541 19,956,134 16,616,855 25,531,816 10,643,834 NOBLE ENERGY (OILEX) LIMITED 11,005,480 14,763,980 69,074,205 130,366,849 114,085,746 ISLAND GAS (SINGLETON) LIMITED 8,363,000 13,999,000 10,432,000 9,786,000 6,861,000 Iranian Oil Company (U.K.) Limited 7,241,032 0 0 792,628 44,106,267 ITHACA MINERALS (NORTH SEA) LIMITED 6,823,133 7,805,506 7,664,368 11,645,819 7,250,264 RIGEL PETROLEUM (NI) LIMITED 6,500,297 7,994,322 13,391,823 21,583,681 15,230,563 Alpha Petroleum Resources Limited 5,398,000 9,142,000 16,499,000 13,359,000 8,390,000 Ithaca Gamma Limited 4,575,163 6,750,512 442,009 EQ PETROLEUM (SABAH) LIMITED 3,535,354 140,181 EQ Petroleum Sabah Limited 3,535,354 140,181 EUROPA OIL & GAS LIMITED 2,205,000 3,878,000 4,503,000 5,080,000 3,766,000 EGDON RESOURCES U.K. LIMITED 1,286,202 1,892,877 2,266,952 2,356,256 2,138,852 Antrim Resources (N.I.) Limited 1,148,801 15,741,504 Calenergy Gas Limited 1,099,000 1,977,000 2,971,000 3,860,000 2,405,000 Third Energy UK Gas Limited 897,255 506,075 826,624 1,315,129 3,962,794 Euroil Exploration Limited 832,240 1,116,397 1,047,462 1,431,628 1,538,512 TERRAIN ENERGY LIMITED 212,434 440,000 245,931 308,072 271,257 Doriemus plc 130,000 235,100 915,886 1,044,472 Egdon Resources Avington Limited 60,704 99,274 116,971 93,985 181,622 NORTHERN PETROLEUM (UK) LIMITED 53,327 84,009 97,974 84,746 70,922 ALBA RESOURCES LIMITED 26,000 170,000 223,000 177,000 68,000 Dorset Exploration Limited 16,980 7,927 12,153 UK Oil & Gas Investments plc 7,000 0 0 2,195,000 Ithaca Causeway Limited 0 143,017,114 589,141 NORTH SEA ENERGY (UK) LIMITED 0 1,275,278 2,500,458 4,958,811 13,595,327 ANGUS ENERGY WEALD BASIN NO.3 LIMITED 0 0 911,554 1,166,350 402,732 MARATHON OIL NORTH SEA (G.B.) LIMITED
72 ITHACA CAUSEWAY LIMITED 143,017,114 589,141 SUMMIT PETROLEUM DORSET LIMITED 27,021,617 26,210,838 22,244,137 EWE VERTRIEB GMBH WINTERSHALL (E&P) LIMITED WINTERSHALL (UK NORTH SEA) LIMITED SCHIEHALLION OIL & GAS LIMITED 47,000 Paladin Resources Limited 374,000 EUROPA OIL & GAS (WEST FIRSBY) LIMITED BLACKLAND PARK EXPLORATION LIMITED CIRQUE ENERGY (UK) LIMITED NORTHERN PETROLEUM (GB) LIMITED 269,000 249,000 226,000 Aurora Energy Resources Limited IS E&P Limited IS NV Limited ONSHORE PRODUCTION SERVICES LIMITED ORANJE-NASSAU ENERGIE UK LIMITED 58,199,519 99,407,234 80,752,621 Ecorp Oil & Gas UK Limited FINA EXPLORATION LIMITED 118,953,000 139,371,000 37,375,708,777 47,021,171,677 55,005,368,117 80,018,323,032 66,097,161,567 Turnover has fallen significantly due primarily to the fall in the oil price over the last two years. Output rose in 2015 as we predicted but a recovery in price will be needed before these developments start to feed through to an improved out-turn for the Chancellor. The decline in turnover and profitability has led firms to shed staff and to cut wages in an effort to control costs. This initially increases losses and will only show up in profits further down the line. For the individuals involved, the losses are immediate and devastating. Many staff are re-training for a life outside the oil industry. In a double-whammy Westminster chose to cut spending on renewables just when the oil industry was on its knees. Staff consequently had no opportunity to switch to the renewables sector which would have helped minimise the damage to oil-dependent economies. Oil prices in 2016 have an average lower than in 2015. The damage continues.
73 Company Taxation 2014 2013 2012 2011 2010 £m £m £m £m £m SUNCOR ENERGY UK LIMITED -£466,987,000 -£753,513,000 -£594,168,000 -£589,339,000 -£501,723,000 CHEVRON NORTH SEA LIMITED -£168,500,000 -£404,000,000 -£622,100,000 -£739,600,000 -£464,600,000 SSE E&P UK Limited -£102,200,000 -£36,600,000 -£33,400,000 -£5,600,000 DYAS EOG LIMITED -£91,797,000 -£124,628,000 -£110,624,000 -£105,679,000 -£74,446,000 E. F. OIL AND GAS LIMITED -£85,529,000 -£71,645,000 £102,464,000 -£604,459,000 -£355,736,000 APACHE NORTH SEA LIMITED -£82,816,225 -£12,558,631 -£338,773,042 -£450,573,664 -£172,896,708 ENTERPRISE OIL LIMITED -£60,400,000 -£115,200,000 -£219,000,000 -£261,800,000 -£127,100,000 ENI ELGIN/FRANKLIN LIMITED -£37,047,000 -£41,659,000 -£66,302,000 -£241,402,000 -£132,393,000 TAQA BRATANI LIMITED -£36,612,841 -£191,798,667 -£342,707,605 -£400,189,961 -£93,800,573 FIRST OIL AND GAS LIMITED -£27,263,000 £17,456,000 £15,626,000 Liverpool Bay Limited -£18,779,074 NORECO OIL (UK) LIMITED -£17,494,750 -£3,348,501 £8,976,436 £8,349,774 -£96,833 IONA UK HUNTINGTON LIMITED -£15,233,164 -£8,156,181 £3,219,640 £1,818,516 MARATHON OIL U.K. LLC -£10,544,961 -£63,536,546 -£109,787,802 -£148,757,467 -£67,941,572 Burlington Resources (Irish Sea) Limited -£9,227,000 £5,067,000 -£38,338,000 -£50,782,000 -£15,550,000 ENI ULX LIMITED -£9,031,199 £14,495,618 £27,657,684 -£59,627,329 -£35,100,000 Gas-Union Gmbh -£9,000,794 -£1,105,053 -£5,547,125 MCX OSPREY (UK) LIMITED -£8,094,956 £8,367,857 -£16,899,163 £14,082,225 £5,367,689 ENI AEP LIMITED -£5,301,000 -£1,039,000 -£22,823,000 -£31,696,000 -£27,237,000 FAROE PETROLEUM (ROGB) LIMITED -£4,533,721 -£314,227 -£5,065,450 -£19,211,699 -£9,175,975 AMOCO (FIDDICH) LIMITED -£2,793,397 £0 £0 -£24,189,566 -£10,054,014 SUMMIT EXPLORATION & PRODUCTION LIMITED -£2,437,739 -£1,644,594 -£8,636,660 -£2,339,354 -£49,625,614 ISLAND GAS LIMITED -£1,810,000 -£13,495,000 -£716,000 MCX DUNLIN (UK) LIMITED -£1,422,371 -£7,491,287 £13,898,670 £16,732,283 £4,858,090 EQ PETROLEUM (SABAH) LIMITED -£1,105,169 -£16,505 -£19,805 0 0 EQ Petroleum Sabah Limited -£1,105,169 -£16,505 -£19,805
74 Bowland Resources Limited -£1,052,000 £315,000 PERENCO UK LIMITED -£619,000 -£254,259,000 -£128,862,000 -£54,979,000 -£49,030,000 PARKMEAD GROUP plc -£529,000 £200,000 -£303,000 £4,225 -£139,470 ISLAND GAS (SINGLETON) LIMITED -£94,000 -£3,392,000 £13,511,000 -£2,680,000 -£1,957,000 FAIRFIELD BETULA LIMITED 0 0 -£7,288,894 £4,242,002 £1,336,902 TRAP OIL LTD 0 0 0 0 0 Ithaca Causeway Limited 0 -£19,215,710 £19,163,383 ZEUS PETROLEUM LIMITED 0 0 0 NORTH SEA ENERGY (UK) LIMITED 0 0 £635,927 £1,229,922 -£1,634,776 Egdon Resources Avington Limited 0 0 0 0 0 EGDON RESOURCES U.K. LIMITED 0 0 0 0 0 VERUS PETROLEUM (SNS) LIMITED 0 0 0 £5,403,668 ANGUS ENERGY WEALD BASIN NO.3 LIMITED 0 0 0 0 0 TERRAIN ENERGY LIMITED 0 0 0 0 0 ALBA RESOURCES LIMITED 0 0 0 £216,000 £194,000 Dorset Exploration Limited 0 £0 £0 £0 UK Oil & Gas Investments plc 0 £0 £0 £160,000 Bayerngas Europe Limited £0 £0 £3,667 -£4,764 Hansa Hydrocarbons Limited £0 £0 Verus Petroleum (SNS) Limited £0 £0 £0 £5,403,668 £0 Alpha Petroleum Resources Limited £0 £0 £141,523,000 £12,186,000 £5,906,000 Third Energy UK Gas Limited £0 £0 £0 £0 £0 Doriemus plc £0 £0 £0 £0 £0 MARATHON OIL NORTH SEA (G.B.) LIMITED 0 ITHACA CAUSEWAY LIMITED 0 -£19,215,710 £19,163,383 SUMMIT PETROLEUM DORSET LIMITED 0 -£17,204,027 -£12,080,545 -£10,395,117 EWE VERTRIEB GMBH 0 WINTERSHALL (E&P) LIMITED 0 WINTERSHALL (UK NORTH SEA) LIMITED 0
75 SCHIEHALLION OIL & GAS LIMITED 0 -£22,456,000 Paladin Resources Limited 0 -£21,546 -£2,144,310 -£194,118 -£914,000 EUROPA OIL & GAS (WEST FIRSBY) LIMITED 0 BLACKLAND PARK EXPLORATION LIMITED 0 CIRQUE ENERGY (UK) LIMITED 0 NORTHERN PETROLEUM (GB) LIMITED 0 -£10,000 £3,000 -£28,000 Aurora Energy Resources Limited 0 IS E&P Limited 0 IS NV Limited 0 ONSHORE PRODUCTION SERVICES LIMITED 0 ORANJE-NASSAU ENERGIE UK LIMITED 0 -£25,637,439 -£32,606,445 -£17,098,103 Ecorp Oil & Gas UK Limited 0 FINA EXPLORATION LIMITED 0 -£48,462,000 -£23,391,000 NORTHERN PETROLEUM (UK) LIMITED £29,221 -£38,717 £53,410 STAR ENERGY WEALD BASIN LIMITED £96,000 £105,000 £14,633,000 £406,000 -£2,949,000 MARUBENI OIL & GAS (NORTH SEA) LIMITED £251,263 -£387,909 -£7,932,839 -£18,155,368 -£2,930,387 HUMBLY GROVE ENERGY LIMITED £563,000 -£2,215,000 -£1,477,000 £4,474,000 -£2,245,000 Euroil Exploration Limited £595,762 -£31,292 £147,426 £401,722 -£132,625 Calenergy Gas Limited £659,000 £346,000 -£743,000 -£1,032,000 -£506,000 SOJITZ ENERGY PROJECT LIMITED £1,348,063 £38,999,803 £11,801,599 -£4,044,869 -£6,130,615 Edison E&P UK Limited £1,662,836 -£1,008,811 £4,621,118 -£7,371,030 £54,998,288 EUROPA OIL & GAS LIMITED £2,340,000 £307,000 -£515,000 £730,000 -£814,000 Iranian Oil Company (U.K.) Limited £2,828,678 £3,938,385 £5,100,730 -£2,702,878 -£11,516,969 SPIKE EXPLORATION UK LTD £3,633,689 £960,586 Wingas Storage UK Limited £7,627,000 £6,686,000 £2,355,464 -£8,452,607 £6,998,000 ATLANTIC PETROLEUM UK LIMITED £10,510,455 -£6,266,003 -£18,974,233 -£8,862,003 -£3,701,866 Ithaca Gamma Limited £10,773,751 £5,853,964 £18,502,216 RIGEL PETROLEUM (NI) LIMITED £10,849,013 £2,451,310 -£4,397,848 -£6,859,621 -£4,305,122
76 IDEMITSU PETROLEUM UK LTD. £12,595,515 £19,240,173 £6,126,620 -£8,314,186 -£4,799,774 ITHACA MINERALS (NORTH SEA) LIMITED £13,128,012 £715,653 £12,389,805 £1,850,391 £2,687,651 CIECO EXPLORATION AND PRODUCTION (UK) LIMITED £17,775,000 -£2,637,000 -£4,988,000 -£11,683,000 -£4,643,000 CENTRICA NORTH SEA OIL LIMITED £17,982,000 -£26,382,000 £7,081,000 -£52,896,000 £21,212,000 MURPHY PETROLEUM LIMITED £19,229,000 £2,772,000 -£46,176,000 -£36,997,000 -£16,867,000 DYAS UK LIMITED £19,826,000 £34,768,000 £69,029,000 -£36,805,000 -£29,396,000 JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LIMITED £19,944,539 £53,616,000 -£34,384,000 -£73,019,000 -£30,907,000 DYAS EXPLORATION UK LIMITED £20,835,000 £10,961,000 -£1,403,061 BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED £21,702,496 -£6,785,457 -£41,181,000 -£63,889,000 -£11,482,000 SHELL EP OFFSHORE VENTURES LIMITED £22,800,000 -£24,600,000 -£97,700,000 -£101,500,000 -£37,100,000 Igas Energy plc £23,769,000 -£10,277,000 -£12,356,000 £5,773,000 PREMIER OIL E&P UK LIMITED £24,331,000 £1,925,000 £40,200,000 -£120,771,000 -£36,331,000 NOBLE ENERGY (OILEX) LIMITED £25,846,042 -£5,134,350 £7,110,183 -£52,929,650 -£33,725,662 FAROE PETROLEUM (U.K.) LIMITED £29,964,000 0 0 £4,531,000 INEOS UK SNS LIMITED £35,481,000 £22,003,000 -£151,000 -£24,659,000 -£1,785,000 ENDEAVOUR ENERGY UK LIMITED £41,540,239 £1,373,869 -£8,629,648 -£11,568,797 -£75,546 DANA PETROLEUM (E&P) LIMITED £43,972,000 -£130,798,000 -£145,590,000 -£148,264,000 -£46,949,000 STATOIL (U.K.) LIMITED £45,994,000 -£79,103,000 £20,552,000 -£33,390,000 -£6,449,000 MITSUI E&P UK LIMITED £48,038,743 £672,797 -£631,585 MOLGROWEST (I) LIMITED £49,266,000 £5,852,222 -£2,941,855 £279,778 -£4,583,036 OMV (U.K.) LIMITED £53,580,175 £26,289,566 -£78,111,789 -£23,658,208 £5,883,506 TRANSWORLD PETROLEUM (U.K.) LIMITED £55,807,091 £57,022,285 -£22,171,726 -£45,750,723 -£32,508,000 FIRST OIL EXPRO LIMITED £61,495,000 -£20,350,000 £1,967,000 -£16,048,000 -£4,294,000 MAERSK OIL UK LIMITED £78,236,942 -£245,539 £18,671,685 £27,421,780 £41,491,167 NEXEN PETROLEUM U.K. LIMITED £93,174,591 -£917,998,290 -£912,648,245 -£1,006,841,358 -£512,455,816 CNR INTERNATIONAL (U.K.) LIMITED £95,384,000 £107,172,000 -£72,841,000 -£238,942,000 -£109,959,000 Antrim Resources (N.I.) Limited £98,843,078 BG INTERNATIONAL LTD £105,000,000 £17,000,000 -£83,000,000 -£17,000,000 -£65,000,000
77 CONOCOPHILLIPS (U.K.) LIMITED £111,100,000 -£226,600,000 -£564,600,000 -£920,800,000 -£790,800,000 Tullow Oil SK Limited £114,734,000 £16,224,934 -£28,345,459 -£20,264,774 -£11,688,477 ITHACA ENERGY (UK) LIMITED £115,247,904 £11,288,704 £27,110,318 £1,954,526 £2,249,953 Sterling Resources (UK) Limited £124,340,000 ENQUEST HEATHER LIMITED £153,249,488 -£92,673,137 £94,764,221 -£31,080,562 £8,412,905 ESSO EXPLORATION AND PRODUCTION UK LIMITED £157,000,000 £17,000,000 -£228,000,000 -£474,000,000 -£140,000,000 PREMIER OIL UK LIMITED £210,836,630 £82,752,060 £31,048,743 £81,109,248 £32,115,310 ENI UK LIMITED £252,554,000 -£87,964,000 -£88,765,000 -£171,964,000 -£283,038,000 ENGIE E&P UK LTD £256,835,000 £87,006,000 £16,135,000 -£18,571,000 -£5,661,000 MARUBENI OIL & GAS (U.K.) LIMITED £263,884,702 £34,191,524 £3,062,526 CENTRICA RESOURCES LIMITED £303,976,000 £46,877,000 -£195,126,000 -£125,225,000 -£77,242,000 TOTAL E&P UK LIMITED £389,101,000 -£322,735,000 -£405,726,000 -£515,168,000 -£275,990,000 SHELL U.K. LIMITED £419,000,000 £73,000,000 -£266,000,000 -£57,000,000 -£145,000,000 MAERSK OIL NORTH SEA UK LIMITED £441,842,517 -£84,514,133 -£87,405,015 -£150,385,480 -£116,861,407 ARCO BRITISH LIMITED, LLC £469,207,997 £33,482,635 -£90,930,591 -£141,508,695 -£81,888,533 BP EXPLORATION COMPANY LIMITED £1,114,884,796 -£369,537,202 -£113,902,274 -£1,062,287,880 -£575,753,934 REPSOL SINOPEC RESOURCES UK LIMITED £1,210,844,392 £714,324,949 -£78,379,833 -£466,020,559 -£58,084,000 BRITOIL £1,343,333,082 -£228,797,122 -£378,334,083 -£251,949,888 -£133,618,181 £7,421,919,172 -£3,211,867,731 -£6,085,039,767 -£10,276,117,556 -£5,768,470,598 Tax take for 2014 has fallen steeply for the third year in a row. As we predicted last year tax take did turn out to be negative, with rebates claimed by firms exceeding receipts for the first time. The nation is paying the oil industry to take the oil away. Demands for still further “cuts” in the taxes which aren’t being paid continue to be made. These businesses have been driven into losses by the fall in oil prices. The value of assets has also been written down by a steep percentage – the business suffers a paper loss when this happens. The Corporation Tax return then turns a paper loss into a cash receipt by allowing the oil company to reclaim a share of the loss of value written off. When values rise again the reverse doesn’t tend to happen. Tax isn’t paid as the gain sits in a Revaluation Reserve in the Balance Sheet & doesn’t hit the P&L. I’m pretty certain given the scale of the claims made that this will prove to be the peak year for refunds.
78 9) Company Profile and Contact Details Company Name Address Directors Telephone Web Address ALBA RESOURCES LIMITED 50 Lothian Road Edinburgh EH3 9BY Simon J Thomson Paul J Mayland James D Smith 0131 475 3000 http://www.cairnenergy.com Alpha Petroleum Resources Limited Victoria House No. 1 London Square Cross Lanes Guildford GU1 1UN Andrew Crouch Arun Subbiah Graham Walters Daniel Reis Nicholas Clayton 01483 307200 http://www.alphapetroleum.com/index.php ALTA QUEST ENERGY CORP (UK) LTD 34 ARLINGTON ROAD LONDON NW1 7HU Rupert Green 01522 500539 AMOCO (FIDDICH) LIMITED 1 Wellheads Avenue Dyce Aberdeen AB21 7PB Sandra MacRae 01224 832000 http://www.bp.com ANGUS ENERGY WEALD BASIN NO.3 LIMITED 7 HOPETOUN CRESCENT Edinburgh, Midlothian EH7 4AY Jonathan Tidswell Paul Vonk 0131 556 1371 Antrim Resources (N.I.) Limited 1 Queens Terrace Aberdeen AB10 1XL Ian Suttie Steven Bowyer Brian Cameron Martin Suttie 01224 624666 http://www.firstoilexpro.com APACHE NORTH SEA LIMITED Caledonia House, Prime Four Business Park Kingswells Causeway Aberdeen AB15 8PU Jon Sauer James House Cory Loegering Grady Ables 01224 505 000 http://www.apachecorp.com/
79 ARCO BRITISH LIMITED, LLC 1 Wellheads Avenue Dyce Aberdeen AB21 7PB John Bartlett Trevor Garlick James Halliday David Goodwill David Lynch 01224 832000 http://www.bp.com ATLANTIC PETROLEUM UK LIMITED 26/28 Hammersmith Grove London W6 7BA Ben Arabo 0208 834 1045 http://www.petroleum.fo Aurora Energy Resources Limited The Office, Westfield Estate Milltimber Aberdeenshire AB13 0EX Ken McHattie Larry Kinch Ian Roche Margaret Stoddart Tristan Cutler 01224 748414 http://www.aurora-petroleum.com Bayerngas Europe Limited Suite 4A 160 London Rd Sevenoaks TN13 1BT Gerald Harrison 01959 567450 http://www.bayerngasnorge.com/ BG Group Shell Centre London SE1 7NA Alan McLean Sami Iskander Erik Bonino Russell O'Brien Kate Jackson Martinus Ten Brink Simon Constant- Glemas Brian Eggleston Paul Goodfellow 01189 353222 http://www.bg-group.com
80 BHP Billiton Limited Neathouse Place London SW1V 1BH Antonello Persico Stewart Cox Maree Robertson Kristen Ray Geraldine Slattery 0207 802 4000 http://www.bhpbilliton.com BLACKLAND PARK EXPLORATION LTD 34 ARLINGTON ROAD LONDON NW1 7HU Stephen Goschalk Rupert Lycett-Green Vermund Aarflot John Lycett Green James Dunn 01522 500539 Bowland Resources Limited MILLSTREAM MAIDENHEAD ROAD WINDSOR SL4 5GD Kenneth Robertson Paul Tanner Roy Lumsden Steinar Meland 01753 494000 http://www.centrica.com/ BP EXPLORATION OPERATING COY LIMITED 1 Wellheads Avenue Dyce Aberdeen AB21 7PB John Bartlett Peter Mather David Lynch Peter Miller Karen Maclennan Emma Delaney- McKnight Mark Thomas 01224 832000 http://www.bp.com BRITOIL LIMITED 1 WELLHEADS AVENUE DYCE ABERDEEN AB21 7PB Peter Mather David Lynch Peter Miller Karen Maclennan Sandra MacRae Mark Thomas Bruce Price 01224 832000 http://www.bp.com
81 Brockham Capital Limited Squires Farm Logmore Lane Dorking Surrey RH4 3JL Alexander Brodie Burlington Resources (Irish Sea) Limited Rubislaw House, Anderson Drive Aberdeen AB15 6FZ Andrew Hastings Dominic MacKlon Ross Stalker 01224 205000 http://www.conocophillips.com/ Cairn Energy plc 50 Lothian Road Edinburgh EH3 9BY Iain McLaren Peter Kallos Todd Hunt Keith Lough Simon Thomson Mary Shepherd Alexander Berger Ian Tyler James Smith 0131 475 3000 http://www.cairnenergy.com/ Calenergy Gas Limited Level Three 55 Drury Lane London WC2B 5SQ Michael Sparkes Peter Youngs Thomas Fielden 0207 208 1600 http://www.calenergy.com/ CENTRICA RESOURCES LIMITED MILLSTREAM MAIDENHEAD ROAD WINDSOR SL4 5GD Christopher Cox Kenneth Robertson Paul Tanner Roy Lumsden Fraser Weir Steinar Meland 01753 494000 http://www.centrica.com
82 CHEVRON NORTH SEA LIMITED Chevron House Hill of Rubislaw Aberdeen AB15 6XL Anthony McGarva Richard Hinkley Edward Callaghan Greta Lydecker David Dillard Roderick Green 01224 334000 http://www.chevron.com CIECO E & P (UK) LIMITED 18th Flr Broadgate Tower 20 Primrose Street London EC2A 2EW Shoji Hirokawa Suo Ishibashi Toshiyuki Mori 0207 070 5800 http://www.cieco.co.uk/ CIRQUE ENERGY (UK) LIMITED Greenacre Shoreditch Taunton Somerset TA3 7BL Stephen Bushell Terry Lindquist Steve Polowick Robert Yanota Rick Quigley 01823 275875 CNR INTERNATIONAL St Magnus House Guild Street Aberdeen AB11 6NJ Timothy McKay Barry Duncan David Whitehouse William Bell Andrew McBoyle 01224 303600 http://www.cnrinternational.com CONOCOPHILLIPS (U.K.) LIMITED Rubislaw House, Anderson Drive Aberdeen AB15 6FZ Andrew Hastings Nicholas Allen Dominic MacKlon Ross Stalker 01224 205000 http://www.conocophillips.com DANA PETROLEUM King’s Close 62 Huntly Street Aberdeen AB10 1RS David Crawford Yongwoo Kang Robert Elliot 01224 616000 http://www.dana-petroleum.com Dart Energy Limited 46 Hyde Road Paignton Devon TQ4 5BY Alan Schutt
83 Doriemus plc Suite 3B, Jermyn Street London SW1Y 6DN Grant Roberts David Lenigas Donald Strang Hamish Harris 0207 440 0642 http://www.doriemus.co.uk/home Dorset Exploration Limited The Wheat House 98 High Street Odiham Hampshire RG29 1LP Mark Abbott Jeremy Field 01256 702292 01428 713608 http://www.egdon-resources.com/ DYAS EOG LIMITED 5TH FLOOR 1 EXCHANGE CRESCENT Edinburgh EH3 8UL Stephen Rennie Adam Thompson Petrus Waaijer 0131 229 6907 www.shv.nl DYAS UK LIMITED ATHENA HOUSE ATHENA DRIVE TACHBROOK PARK WARWICK CV34 6RL Stephen Rennie Petrus Waaijer Adam Thompson Robert Baurdoux 00 31 30 2338 434 http://www.dyas.nl E. F. OIL AND GAS LIMITED Crawpeel Road, Altens Industrial Estate, Aberdeen, AB12 3FG Iain McCombie Pierre Ozon Elis. Van Heeswijk Alain Pouthas 01224 297000 http://www.uk.total.com Ecorp Oil & Gas UK Limited The Wheat House 98 High Street Odiham Hampshire RG29 1LP John Thrash Robert Voorhees 01256 702292 http://www.egdon-resources.com/ Edison E&P UK Limited 1 Cavendish Place London W1G 0QF Philippe Antoine Guiseppe D'Ali Pierluigi Nalin Fabio Dubini Roberto Cozzi Alessandro Agostini 00 47 52 97 71 00 http://www.edison-norge.no/contact-us
84 EGDON RESOURCES U.K. LIMITED The Wheat House 98 High Street Odiham Hampshire RG29 1LP Philip Stephens Mark Abbott Walter Roberts James elston Jeremy Field 01256 702292 http://www.egdon-resources.com/ ENDEAVOUR ENERGY UK LIMITED 40 Queens Road Aberdeen AB15 4YE Catherine Stubbs Steven Pully Joseph McInnes George Sandison James Lachance Gary Hanna 01224 202850 http://www.endeavourcorp.com/ ENGIE E&P UK LTD Union Plaza, Union Wynd Aberdeen AB10 1SL Benoit Mignard Ruud Zoon H. Verbockhaven Maria Hanssen Laurent Dallet 01224 269 800 http://www.engie-ep.co.uk/ ENI UK LIMITED ENI House 10 Ebury Bridge Road London SW1W 8PZ Roberto Pasqua Paolo Morandotti Luigi Piro Enrico Cingolani 0207 344 6000 www.eniuk.co.uk ENQUEST HEATHER LIMITED Annan House Palmerston Road Aberdeen AB11 5QP Stefan Ricketts Paul Massie Craig Stewart Neil McCulloch 01224 975000 http://www.enquest.com ENTERPRISE OIL LIMITED Shell Centre 8 York Road London SE1 7NA Gary Archibald Rolynda Sprouse David Kemshell 0207 925 4000 http://www.shell.co.uk
85 EQ PETROLEUM (SABAH) LIMITED Annan House Palmerston Road Aberdeen AB11 5QP Stefan Ricketts Faysal Hamsa Andrew Watt John Penrose 01224 975000 http://www.enquest.com ESSO E & P UK LIMITED Exxon Mobil House Mail Point 21, Ermyn Way Leatherhead, Surrey KT22 8UX Louise McKenzie Stacey Weltmer Timothy Stevens Peter Clarke 01372 222000 http://www.exxonmobil.co.uk Euroil Exploration Limited Hyde Park House 5 Manfred Road London SW15 2RS Colin Heatley Pierluigi Nalin Alessandro Agostini Roberto Cozzi Giorgio Bolis EUROPA OIL & GAS 6 PORTER STREET LONDON W1U 6DD Philip Greenhalgh Hugh Mackay 0207 224 3770 http://www.europaoil.com EWE VERTRIEB GMBH Mcgrigors LLP Johnstone House 52-54 Rose Street Aberdeen AB10 1UD http://www.ewe.de/ Fairfield Energy plc Ash House, Fairfield Ave Staines TW18 4AB Ian Sharp Andrew Hockey John Wiseman 01224 300500 www.fairfield-energy.com FAROE PETROLEUM (ROGB) LIMITED High Street Saxilby Lincoln LN12 2JQ Jonathan Cooper Julian Riddick http://www.rocoil.com.au FAROE PETROLEUM (U.K.) LIMITED 24 Carden Place Aberdeen AB10 1UQ Julian Riddick Graham Stewart Jonathan Cooper Helge Hammer 01224 650 920 http://www.faroe-petroleum.com
86 FINA EXPLORATION LIMITED Crawpeel Road, Altens Industrial Estate, Aberdeen, AB12 3FG Alain Pouthas Michael Borrell Elisabeth Proust-Van Heeswijk 01224 297000 http://www.uk.total.com First Oil Plc 1 Queens Terrace Aberdeen AB10 1XL Ian Suttie Steven Bowyer Brian Cameron Martin Suttie 01224 624666 http://www.firstoilexpro.com Gas-Union Gmbh 21 Tudor Street London EC4Y 0DJ Dr Oliver Malerius Dr Jens Nixdorf 00 49 69 3003 - 0 https://www.gas-union.de/24-1-The-company.html Gazprom Germania Markgrafenstraße 23 Berlin, 10117 Germany Andrey Biryulin Vyach. Krupenkov 00 49 30 20195 - 0 www.gazprom.com/press/reports/2015/global-approach/ Hansa Hydrocarbons Limited 67-68 Longacre London WC2E 9JD Simon Lunn Patrick Kennedy John Martin Willem Tortike 0207 836 9980 http://www.hansahydrocarbons.com/ HUMBLY GROVE ENERGY LIMITED Weston Common The Avenue, Lasham Alton Hants GU34 5SY Klaus Reinisch Fergal Murphy Arthur Moors Wan Adnan 01256 381621 http://www.humblyenergy.co.uk/ IDEMITSU PETROLEUM UK LTD. 6th Floor, Shaftesbury House, 151 Shaftesbury Avenue, London WC2H 8AL Kazuo Okamoto Shogo Hirahara 0207 395 6140 http://www.iog- idemitsu.co.jp/eng/project/uk/index.html
87 Igas Energy plc 7 Down Street London W1J 7AJ Francis Gugen John Bryant Cuthbert McDowell Robin Pinchbeck Stephen Bowler John Blaymires 0207 993 9899 http://www.igasplc.com INEOS UK SNS LIMITED 4th Floor, 90 High Holborn London WC1V 6LJ Andrew Pizzey Geir Tuft Adrian Coker Mark Hughes Hans-Juergen Bister Douglas Scott 0203 116 0200 http://www.ineos.com/ IONA ENERGY COMPANY (UK) LIMITED LOWER GROUND SUITE 3 QUEENS GATE ABERDEEN AB15 5YL Iain McKendrick Thomas Reynolds 01224 228400 http://www.ionaenergy.com/ Iranian Oil Company (U.K.) Limited Riverside House, Riverside Drive, Aberdeen, AB11 7LH Mahmoud Zadeh Seyed Mohaddes Mohsen Paknejad 01224 224353 http://www.iocukltd.com/ IS E&P Limited 80 Hill Rise Richmond Surrey TW10 6UB Maurice Hazzard Ken Ratcliff Andrew Hindle Alan Booth Stewart McGarrity Anita Gardiner 0208 332 1200 http://www.infrastrata.co.uk/
88 IS NV Limited 80 Hill Rise Richmond Surrey TW10 6UB Maurice Hazzard Ken Ratcliff Andrew Hindle Alan Booth Stewart McGarrity Anita Gardiner 0208 332 1200 http://www.infrastrata.co.uk/ ISLAND GAS LTD 7 Down Street, London W1J 7AJ Stephen Bowler John Blaymires Julian Tedder 0207 993 9899 http://www.igasplc.com ITHACA NORTH SEA LIMITED 8 Rubislaw Terrace Aberdeen AB10 1XE Graham Forbes Leslie Thomas 01224 638 582 http://www.ithacaenergy.com/ JX NIPPON E & P (U.K.) LIMITED 8th Floor 199 Bishopsgate London EC2M 3TY Timothy Blackford Kemmei Nakata Yoshihiko Yamazaki Naoyoshi Kaneko Akira Omachi 0207 309 7650 http://www.nex.jx-group.co.jp/english/ KUFPEC UK Limited 400 Capability Green Luton Bedfordshire LU1 3AE Nawaf Al-Sabah Husneya Ali Ghada Al-Amer 01483 757747 http://www.q8aviation.com Liverpool Bay Limited 10 Ebury Bridge Road London SW1W 8PZ Roberto Pasqua Silvia Masi Luigi Piro 0207 344 6000 http://www.eni.com/ MAERSK OIL Maersk House, Crawpeel Road, Altens, Aberdeen AB12 3LG Morten Kelstrup Glenn Corr Brian Welinder Gretchen Watkins Graham Talbot 01224 242000 http://www.maerskoil.com
89 MARATHON OIL U.K. LLC Marathon House Hill of Rubislaw Anderson Drive Aberdeen AB15 6FZ Thomas Little Carl Hubacher Helga Sandison 01224 803000 http://www.marathon.com/ MARUBENI OIL & GAS (NORTH SEA) LIMITED 1st Floor, Burdett House 15-16 Buckingham Street London WC2N 6DU Gary Nienow Isao Suzuki Takeo Morita 0207 766 3636 http://europe.marubeni.com/business- activities/groupcompanies.html?id=3 MCX DUNLIN (UK) LIMITED Mid City Place, 71 High Holborn London WC1V 6BA Jiro Mukai Michio Kawamata Tetsuya Nishigaki Eisuke Shiozaki Yusuke Uchimura 0207 025 3445 Web: http://www.mitsubishicorp.com MITSUI E&P UK LIMITED 8th & 9th Floor, 1 St Martin's Le Grand, London EC1A 4AS Naoki Ishii Chisumi Tanaka Tomonori Nomura Fusaaki Matsumoto Toru Matsui Koji Asanuma Tatsuhiko Matsuura 0207 822 0321 http://www.moeco.com/en/project/britai n.html
90 MOLGROWEST (I) LIMITED Riverside House, Riverside Drive, Aberdeen, AB11 7LH Nico Brunsmann Kornel Toth Stephen Kemp Szabolcs Boroczky 01224 224300 http://www.molgroup.hu MURPHY PETROLEUM LIMITED 4 Beaconsfield Road, St. Albans Hertfordshire AL1 3RH Walter Compton Earl Botner Michael Jackson 01727 892400 http://www.murphyoilcorp.com NAUTICAL PETROLEUM LIMITED 6th Floor 20 Berkeley Square London W1J 6EQ Simon Thompson Paul Mayland Brita Holstad James Smith 0207 550 4890 http://www.cairnenergy.com/ NEXEN PETROLEUM U.K. LIMITED Prospect House, 97 Oxford Road Uxbridge UB8 1LU Ray Riddoch Ian Smale Gina Barber Zhi Fang Jamie Doyle 01895 237700 www.nexencnoocltd.com Nippon Oil Milbank House 1 Finsbury Square London EC2A 1AE Timothy Blackford Kemmei Nakata Masahiro Ozawa Takuya Wada Akira Omachi 0207 309 7650 http://www.nex.jx-group.co.jp/english/ NOBLE ENERGY (OILEX) LIMITED Oceana House, 154 High Street Sevenoaks TN13 1XE John Huser Amy Jolly 01732 741999 http://www.nobleenergyinc.com NORECO OIL (UK) LIMITED 15 APPOLD STREET LONDON EC2A 2HB Sije Augustson Carsten Tolderlund 00 47 99 28 39 00 http://www.noreco.com/en/
91 NORTH SEA ENERGY (UK) LIMITED Brodies House, 31-33 Union Grove ABERDEEN AB10 6SD Ian Lambert 00 1 416 366 4700 www.northseaenergy.ca/aboutus.html Northern Petroleum plc Chester House, Unit 3.01 Brixton Road London SW9 6DE Nicholas Morgan Keith Bush 0207 469 2900 http://www.northernpetroleum.com/ NSGP (Ensign) Limited 22 Grenville Street St. Hellier Jersey JE4 8PX OMV (U.K.) LIMITED 62 Buckingham Gate London SW1E 6AJ Michael Flanagan David Latin Vincent Graham Axel Boss Ant Van Der Haarten Hans Veit 0207 333 1600 http://www.omv.com ONSHORE PRODUCTION SERVICES LIMITED SOUTHOLME, TRINITY STREET Gainsborough Lincolnshire DN21 2EQ John Sang Karl Wilkinson Richarsd Wilkinson ORANJE-NASSAU ENERGIE UK LIMITED 6th Floor Union Plaza 1 Union Wynd Aberdeen AB10 1DQ Alexander Berger Chris van Steveninck 00 31 205 354100 http://www.onebv.com/ Paladin Resources Limited 163 Holburn Street, Aberdeen AB10 6BZ Jose Vega Ferdinando Rigardo Luis Sanchez 01224 352500 http://www.talisman-sinopec.com/
92 PARKMEAD GROUP plc 4 Queens Terrace Aberdeen AB10 1XL Thomas Cross Ryan Stroulger Dr Colin Percival Ian Rawlinson Philip Dayer 01224 622200 http://www.parkmeadgroup.com/ Perenco UK Limited 10 Duke of York Square, London SW3 4LY Nicholas Fallows Jonathan Parr Jan Rusin Kim Kallmeyer Brian James Franck Dy 0207 901 8200 http://www.perenco.com PREMIER OIL E&P UK LIMITED 23 Lower Belgrave Street London SW1W 0NR Anthony Durrant Robert Allan Richard Rose 0207 730 1111 http://www.premier-oil.com/ PREMIER OIL UK LIMITED Upper Denburn House Prime Four Business Park Kingswells Causeway Kingswells Aberdeen AB15 8PU Anthony Durrant Robert Allan Rachel Rickard Richard Rose Stuart Wheaton Julie Forsyth Dean Griffin 01224 318900 http://www.premier-oil.com/ REPSOL SINOPEC RESOURCES UK LIMITED 163 Holburn Street, Aberdeen AB10 6BZ Roger Ramshaw John Warrender Yi Zhang Luis Cabra Manuel Garcia Blanco 01224 352500 http://www.talisman-sinopec.com
93 RIGEL PETROLEUM (NI) LIMITED Talisman House 163 Holburn Street Aberdeen AB10 6BZ John Warrander John Forrest Yi Zhang Luis Aurelio Cabra Manuel Blanco 01224 352500 http://www.talisman-energy.co.uk SCHIEHALLION OIL & GAS LIMITED Shell Centre London SE1 7NA Simon Willems George Paul Mark Tough 01372 229500 http://www.shell.co.uk SERICA ENERGY (UK) LIMITED 52 George Street London W1U 7EA Antony Walker Clara Altobell Daniel Fewkes 0207 487 7300 http://www.serica-energy.com/ SHELL U.K. LIMITED 1 Altens Farm Road Nigg Aberdeen AB12 3FY David Moss Michael Coates Jonathan Kohn Erik Bonino Joanne Wilson Nigel Hobson Paul Goodfellow 01224 882 000 http://www.shell.co.uk SOJITZ ENERGY PROJECT LIMITED 7th Floor Northern & Shell Bldg 10 Lower Thames Street London EC3R 6EQ Takahiro Ebisu Daisuke Yasuda Jin Nakayabu 0207 337 7800 http://www.sojitz.com/en/ SPIKE EXPLORATION UK LTD 17 Cavendish Sq. London W1G 0PH Alf Thorkildsen Per Knudsen 0203 008 7642 http://www.spike-x.com/ SSE E&P UK Limited Inveralmond House 200 Dunkeld Road Perth PH1 3AQ James Smith Martin Pibworth Edward Lawns 01738 456000 http://www.sse.com/
94 STAR ENERGY OIL & GAS LIMITED 7 DOWN STREET LONDON W1J 7AJ Stephen Bowler John Blaymires Julian Tedder 0207 993 9899 http://www.igasplc.com STATOIL (U.K.) LIMITED 1 Kingdom Street, London, W2 6BD Svein Skeie Robert Adams Tove Sjoeblom Cecilie Ronning Uno Rognli 0203 204 3200 http://www.statoil.com Sterling Resources (UK) Limited 30 Abercrombie Court Arnhall Business Park Westhill Aberdeen AB32 6FE Andrew Leeser Christine Shinnie John Rapach 01224 806610 www.sterling-resources.com/aberdeen.html SUMMIT EXPLORATION & PRODUCTION LTD 23 COLLEGE HILL LONDON EC4R 2RP Tadashi Fujimagari Richard Saxby Carl Smith Yukio Kanazawa Satoru Sugiura Watoru Sato 0207 429 3500 http://summiteandp.com/ SUNCOR ENERGY UK LIMITED 28b Albyn Place Aberdeen AB10 1YL Ronald Davie Steven Trueman Dwayne Zeller 01224 565600 http://www.suncor.com TAQA BRATANI LIMITED Taqa Bratani Limited Prospect Road, Westhill, Aberdeenshire, AB32 6FE Peter Jones Alexander Hutchison Donald Taylor David Gibson Neil Fowler Saeed Aldhaheri 01224 275275 http://www.taqa.ae
95 TERRAIN ENERGY LIMITED 104 PARK STREET MAYFAIR LONDON W1K 6NF Arthur Glencross Eric King Stephen Jenkins 0207 518 1714 http://terrain-energy.com/ Third Energy UK Gas Limited Knapton Genern. Station East Knapton Malton YO17 8JF Rasik Valand John Dewar David Robottom 01944 758746 http://www.third-energy.com/ TOTAL E&P UK LIMITED Crawpeel Road, Altens Industrial Estate, Aberdeen, AB12 3FG Alain Pouthas Michael Borrell Elizabeth Proust-Van Heeswijk Frederic Agnes 01224 297000 http://www.uk.total.com TRANSWORLD PETROLEUM (U.K.) LIMITED 163 Holburn Street, Aberdeen AB10 6BZ John Warrander Yi Zhang Manuel Blanco Luis Aurelio Cabra 01224 352500 http://www.talisman-sinopec.com TRAP OIL LTD 10 The Triangle, NG2 Business Park Nottingham NG2 1AE Scott Brown Ronald Lansdell 0203 170 5586 http://www.trapoil.com Tullow Oil SK Limited 9 Chiswick Park 566 Chiswick High Road London W4 5XT Ian Springett Paul McDade Kevin Massie Ruprt Rowland-Clark Richard Miller 0203 249 9000 http://www.tullowoil.com/ UK Oil & Gas Investments plc Suite 3B, Princes House 38 Jermyn Street London SW1Y 6DN Kiran Morzaria Jason Berry Stephen Sanderson 0207 440 0640 http://www.ukogplc.com/
96 VERUS PETROLEUM (SNS) LIMITED 3 Queen's Gardens Aberdeen AB15 4YD Peter Campbell Alan Curran Colin Christie John Baillie 01224 659120 www.veruspetroleum.com Wingas Storage UK Limited Building 3 Chiswick Business Park 566 Chiswick High Road London W4 5YA Detlef Weidermann Andreas Renner Helmut Cordes Sergey Shkurov Sergey Tregub Jens Nuhn 0208 849 8760 http://www.wingas-storage.com/ ZEUS PETROLEUM LIMITED 4 Queens Terrace Aberdeen AB10 1XL Thomas Cross Ryan Strougler 01224 622200 http://www.parkmeadgroup.com/
97 10) Company Debt Company Debt 2014 2013 Change BP EXPLORATION OPERATING COMPANY LIMITED 11,294,113,026 18,907,845,118 -7,613,732,092 NEXEN PETROLEUM U.K. LIMITED 1,935,221,475 3,496,265,621 -1,561,044,146 BRITOIL 1,198,888,219 2,171,480,161 -972,591,942 Alpha Petroleum Resources Limited 19,084,000 732,484,000 -713,400,000 ARCO BRITISH LIMITED, LLC 230,116,622 774,483,532 -544,366,910 Ithaca Causeway Limited 0 316,519,330 -316,519,330 ENI UK LIMITED 1,167,657,000 1,430,606,000 -262,949,000 FAIRFIELD BETULA LIMITED 358,037,079 533,532,679 -175,495,600 PERENCO UK LIMITED 1,652,035,000 1,825,522,000 -173,487,000 TAQA BRATANI 2,391,667,949 2,553,836,985 -162,169,036 CENTRICA RESOURCES LIMITED 1,422,248,000 1,581,836,000 -159,588,000 MURPHY PETROLEUM LIMITED 251,554,000 409,602,000 -158,048,000 ESSO E & P UK LIMITED 4,153,000,000 4,240,000,000 -87,000,000 ENI AEP LIMITED 67,314,000 146,602,000 -79,288,000 MAERSK OIL NORTH SEA UK LIMITED 1,491,624,332 1,562,291,911 -70,667,579 PREMIER OIL E&P UK LIMITED 315,216,000 379,827,000 -64,611,000 CENTRICA NORTH SEA OIL LIMITED 256,004,000 311,855,000 -55,851,000 STAR ENERGY WEALD BASIN LIMITED 1,773,000 44,509,000 -42,736,000 ATLANTIC PETROLEUM UK LIMITED 9,510,357 39,609,670 -30,099,313 NORECO OIL (UK) LIMITED 86,489,397 113,208,544 -26,719,147 Burlington Resources (Irish Sea) Limited 294,982,000 319,363,000 -24,381,000 DYAS UK LIMITED 427,005,000 450,081,000 -23,076,000 Gas-Union Gmbh 385,340,541 407,979,497 -22,638,956 Igas Energy plc 190,157,000 212,428,000 -22,271,000
98 IONA UK HUNTINGTON LIMITED 36,294,777 42,744,562 -6,449,785 HUMBLY GROVE ENERGY LIMITED 80,576,000 85,617,000 -5,041,000 ALBA RESOURCES LIMITED 4,204,000 8,810,000 -4,606,000 DYAS EXPLORATION UK LIMITED 43,214,000 46,339,000 -3,125,000 Aurora Energy Resources Limited 1,734,710 4,611,370 -2,876,660 PARKMEAD GROUP plc 25,090,000 27,728,000 -2,638,000 FAROE PETROLEUM (ROGB) LIMITED 26,813,754 28,278,814 -1,465,060 EUROPA OIL & GAS LIMITED 13,921,000 15,134,000 -1,213,000 VERUS PETROLEUM (SNS) LIMITED 86,374,373 87,221,952 -847,579 Verus Petroleum (SNS) Limited 86,374,373 87,221,933 -847,560 Wingas Storage UK Limited 7,007,224 7,801,258 -794,034 Doriemus plc 336,000 771,355 -435,355 NORTHERN PETROLEUM (UK) LIMITED 896,340 1,327,343 -431,003 CIRQUE ENERGY (UK) LIMITED 3,668,402 3,720,479 -52,077 BLACKLAND PARK EXPLORATION LIMITED 425,267 437,127 -11,860 MARATHON OIL NORTH SEA (G.B.) LIMITED 0 FIRST OIL AND GAS LIMITED 0 SUMMIT PETROLEUM DORSET LIMITED 0 EWE VERTRIEB GMBH 0 WINTERSHALL (E&P) LIMITED 0 WINTERSHALL (UK NORTH SEA) LIMITED 0 Antrim Resources (N.I.) Limited 0 SCHIEHALLION OIL & GAS LIMITED 0 EUROPA OIL & GAS (WEST FIRSBY) LIMITED 0 NORTHERN PETROLEUM (GB) LIMITED 0 TERRAIN ENERGY LIMITED 0 IS E&P Limited 0 IS NV Limited 0
99 FINA EXPLORATION LIMITED 0 Egdon Resources Avington Limited 27,901 27,498 403 ONSHORE PRODUCTION SERVICES LIMITED 700,548 633,105 67,443 ANGUS ENERGY WEALD BASIN NO.3 LIMITED 3,327,817 3,175,659 152,158 SOJITZ ENERGY PROJECT LIMITED 151,872,822 151,674,229 198,593 Dorset Exploration Limited 300,894 96,304 204,590 UK Oil & Gas Investments plc 496,000 121,000 375,000 Ecorp Oil & Gas UK Limited 13,316,737 12,939,558 377,179 MARUBENI OIL & GAS (NORTH SEA) LIMITED 52,659,779 51,877,797 781,982 MCX OSPREY (UK) LIMITED 71,832,051 70,985,072 846,979 ZEUS PETROLEUM LIMITED 49,243,000 48,331,000 912,000 Calenergy Gas Limited 4,380,000 3,061,000 1,319,000 EGDON RESOURCES U.K. LIMITED 22,256,682 20,914,144 1,342,538 Euroil Exploration Limited 4,451,967 2,863,641 1,588,326 NORTH SEA ENERGY (UK) LIMITED 9,081,208 7,204,582 1,876,626 SUMMIT EXPLORATION & PRODUCTION LIMITED 31,679,667 29,596,099 2,083,568 Paladin Resources Limited 32,457,912 30,265,944 2,191,968 ORANJE-NASSAU ENERGIE UK LIMITED 6,545,705 1,870,694 4,675,011 ISLAND GAS (SINGLETON) LIMITED 43,106,000 37,455,000 5,651,000 Third Energy UK Gas Limited 49,228,028 42,446,837 6,781,191 BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED 110,935,651 102,110,806 8,824,845 APACHE NORTH SEA LIMITED 1,979,841,087 1,970,922,081 8,919,006 ENI ULX LIMITED 293,924,467 284,443,565 9,480,902 TRAP OIL LTD 86,943,875 76,021,281 10,922,594 Hansa Hydrocarbons Limited 93,759,897 82,581,056 11,178,841 Ithaca Gamma Limited 54,509,804 42,949,099 11,560,705 Bayerngas Europe Limited 231,298,287 219,183,607 12,114,680 SPIKE EXPLORATION UK LTD 56,059,797 41,261,636 14,798,161 EQ PETROLEUM (SABAH) LIMITED 27,333,465 8,999,142 18,334,323
100 EQ Petroleum Sabah Limited 27,333,465 8,999,142 18,334,323 RIGEL PETROLEUM (NI) LIMITED 61,253,053 39,965,670 21,287,383 DYAS EOG LIMITED 224,767,000 203,047,000 21,720,000 INEOS UK SNS LIMITED 810,520,000 785,204,000 25,316,000 FIRST OIL EXPRO LIMITED 267,695,000 239,426,000 28,269,000 ITHACA MINERALS (NORTH SEA) LIMITED 97,862,943 £68,354,789 29,508,154 ENDEAVOUR ENERGY UK LIMITED 945,282,234 915,118,506 30,163,728 AMOCO (FIDDICH) LIMITED 147,722,922 116,410,708 31,312,214 Tullow Oil SK Limited 274,331,000 241,945,000 32,386,000 SSE E&P UK Limited 392,200,000 359,700,000 32,500,000 E. F. OIL AND GAS LIMITED 749,912,000 717,100,000 32,812,000 Bowland Resources Limited 93,193,000 57,890,000 35,303,000 ISLAND GAS LIMITED 261,247,000 224,752,000 36,495,000 MARATHON OIL U.K. LLC 639,870,355 601,034,438 38,835,917 MCX DUNLIN (UK) LIMITED 173,033,471 133,533,899 39,499,572 MITSUI E&P UK LIMITED 244,347,629 200,109,434 44,238,195 NOBLE ENERGY (OILEX) LIMITED 70,456,196 16,781,541 53,674,655 Iranian Oil Company (U.K.) Limited 400,258,925 346,418,424 53,840,501 Sterling Resources (UK) Limited 219,652,000 159,981,000 59,671,000 FAROE PETROLEUM (U.K.) LIMITED 175,814,000 114,035,000 61,779,000 MAERSK OIL UK LIMITED 488,917,546 414,768,790 74,148,756 IDEMITSU PETROLEUM UK LTD. 209,691,999 126,644,929 83,047,070 CIECO EXPLORATION AND PRODUCTION (UK) LIMITED 210,413,000 122,867,000 87,546,000 TRANSWORLD PETROLEUM (U.K.) LIMITED 272,144,979 173,938,118 98,206,861 MOLGROWEST (I) LIMITED 270,414,000 145,537,000 124,877,000 Edison E&P UK Limited 176,785,125 43,041,539 133,743,586 ENQUEST HEATHER LIMITED 1,763,588,829 1,623,279,857 140,308,972 TOTAL E&P UK LIMITED 3,911,832,000 3,738,040,000 173,792,000 SHELL EP OFFSHORE VENTURES LIMITED 1,333,800,000 1,109,400,000 224,400,000
101 ENI ELGIN/FRANKLIN LIMITED 740,977,000 511,683,000 229,294,000 ENGIE E&P UK LTD 728,275,000 495,998,000 232,277,000 ENTERPRISE OIL LIMITED 4,237,600,000 3,988,500,000 249,100,000 OMV (U.K.) LIMITED 1,198,421,910 945,867,526 252,554,384 MARUBENI OIL & GAS (U.K.) LIMITED 828,008,687 573,146,944 254,861,743 CNR INTERNATIONAL (U.K.) LIMITED 1,431,184,000 1,163,240,000 267,944,000 SUNCOR ENERGY UK LIMITED 1,170,582,000 896,359,000 274,223,000 Liverpool Bay Limited 283,220,004 0 283,220,004 CHEVRON NORTH SEA LIMITED 1,997,100,000 1,710,000,000 287,100,000 DANA PETROLEUM (E&P) LIMITED 2,407,191,000 2,072,187,000 335,004,000 ITHACA ENERGY (UK) LIMITED 964,052,288 621,594,375 342,457,913 BG INTERNATIONAL LTD 9,969,000,000 9,550,000,000 419,000,000 STATOIL (U.K.) LIMITED 1,052,988,000 522,477,000 530,511,000 PREMIER OIL UK LIMITED 2,122,453,597 1,521,724,854 600,728,743 JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LTD 1,465,409,302 859,546,000 605,863,302 CONOCOPHILLIPS (U.K.) LIMITED 5,675,600,000 5,026,200,000 649,400,000 SHELL U.K. LIMITED 10,768,000,000 9,988,000,000 780,000,000 REPSOL SINOPEC RESOURCES UK LIMITED 4,812,599,855 3,604,659,668 1,207,940,187 100,264,541,579 103,852,050,828 -3,587,509,249 This final section has been added to look at corporate indebtedness and how it has changed over the last 12 months. What is clear is that there have been winners and losers. Some firms have managed to reduce their debts. In the case of BP in particular this seems to have been assisted by the tax rebates received from the Chancellor. We can see that there is £100 Billion outstanding from the companies listed above. We’ll continue to monitor this to see if things improve or worsen over time.
102 Derek Louden is an MA graduate of the University of Aberdeen and holds a Masters Degree in Energy Studies (with Distinction) from the University of Sheffield. He is a Member of the Energy Institute, a Member of the British Institute of Energy Economics and a Member of the International Association for Energy Economics. Derek has worked for a number of firms in the Service Sector including ABB Vetco Gray, NL Shaffer and was Chief Accountant and Office Manager with JP Kenny Caledonia Ltd during the construction of the SAGE pipeline in the North Sea for Mobil. Subsequently he lectured in Economics and Accounting at Inverness College UHI and traded fuel with Highland Harbours supplying British, French, Spanish and Faeroese boats at West Coast ports. Derek held an International Trade role with Aberdeen City Council and was Finance Director and investor in ITP Solutions Ltd from 2010 to 2015. He is currently seeking contracting opportunities following a spell helping to care for his father during a terminal illness. Conversion factors used in the Report: Conversion of Barrels to Tonnes @ Rate (Barrels x 0.136 =Tonnes) Source: BP Statistical Review of World Energy (various years) Conversion of Standard Cubic Feet to Cubic Metres @ Rate (SCuFt x 0.028 =CuM) Source: BP Statistical Review of World Energy (various years)

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UKCS Upstream Oil & Gas Report 2016 Edition

  • 1.
    UK Continental ShelfOil & 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 August 2016 ISBN 978-0-9928748-2-7 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 Acknowledgment My father BillyLouden passed away on 10th May 2016 following a 15-month struggle with Pancreatic Cancer. Anyone overcome with a sudden urge to thank the author for this report could make a donation to: www.macmillan.org.uk or www.highlandhospice.org or www.mariecurie.org.uk all of whom helped to look after my father during his struggle. Rest In Peace dad.
  • 3.
    3 Contents 1) Executive Summary 2)Operators in 2016 3) Oil Production in 2015 4) Gas Production in 2015 5) New Fields 2015 6) Field Development Pipeline 7) Declining Output & De-commissioning 8) Company Turnover & Taxation 9) Company Profiles & Contact Details 10) Company Debt 11) About the Author Page 4 Page 7 Page 9 Page 29 Page 52 Page 52 Page 62 Page 68 Page 78 Page 97 Page 102 Note: Cover photo of EnQuest Producer (Alma/Galia) courtesy of EnQuest http://www.enquest.com/media-centre/multimedia/photo-gallery.aspx
  • 4.
    4 1) Executive Summary Oil production on the UK Continental Shelf increased in the latest year for the first time since 2007. Gas output was also slightly up compared with 2014.  Oil production excluding NGLs totalled 44.3 Million Tonnes in 2015, an increase from 37.4 in 2014. Output rose 18.6% in one year with more field start-ups to come.  Gas production rose from 43,322 MMCuM in 2014 to 46,533 MMCuM in 2015 an increase of 7.4% with Laggan/Tormore’s start-up to come in 2016.  Nexen tops the list of Oil producers in 2015 with output of 5.12 million Tonnes.  Centrica heads up the gas list with 6.678Bn Cubic Metres produced in 2015 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 42,504 38,537 37,367 44,314 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 UKCS Oil Output (Thousand Tonnes) 1975-2015 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2016 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 46,533 - 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 2014 2015 UKCS Gas Output (MMCuM) 1995-2015 Source: Adapted from DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
  • 5.
    5  The followingnew fields were brought on stream in 2015: o PEREGRINE (Nexen) o YTHAN (Enquest) o ENOCHDHU (Conoco Phillips) o GODWIN (Talisman) o ALMA (Enquest) o GALIA (Enquest) o CLADHAN (Taqa) o SOLITAIRE (Nexen) Source: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492019/Fi eld_Start-Ups_in_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 44.3 Million Tonnes in 2015. The additions under way target additional production of 47.9 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 from 2014’s low point to be 50% higher by 2018. This is hidden from the public as both DECC/OGA and the OBR are forecasting a decrease in output over the period. This isn’t credible. Output rose in 2015 but OGA & the OBR predicted it would fall. DECC predicts it’ll fall again from 2016 onwards.  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 produced a similar projection to the one above. The OGA’s shows a flatline in output over the same period. This seems impossibly negative. The impossibly negative OGA projection is the one the OBR use when attacking Scottish Government projections. The OBR analysis is partial, it doesn’t reflect reality – it’s wrong. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/503852/OGA_production_projections_- _February_2016.pdf 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 2022 2023 ThousandTonnes UK Crude Oil Production by start-up year of field (1975-2015 Actual & 2016-2023 Projected) Source: DECC Annual Oil Prodn 1975-2015,Company Data 2016-2023
  • 6.
    6  The chartbelow presents an attempt to represent gas production over the same period as oil, from 1975 onwards. The attempt is somewhat fraught since much of the DECC information starts in 1995 (the big green slice) when actual production started much earlier but wasn’t recorded. Reality would be more bell-shaped than what’s here.  Gas is in for an interesting time following the completion of Laggan/Tormore. The Rough Storage facility is what keeps the lights on in the winter. Centrica has stated that its use will be curtailed this winter. It isn’t clear what steps are being taken to fill this gap.  The price of Brent Crude fell 47.1% in 2015. By contrast the Heren Energy gas price fell by 20.8% in 2015. 0 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000 120,000,000 140,000,000 160,000,000 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 2022 2023 ThousandCubicMetres UK Gas Production by start-up year of field (1975-2015 Actual & 2016-2023 Projected) Source: DECC Annual Oil Prodn 1975-2015,Company Data 2016-2023
  • 7.
    7 2) Operators in2015 The following Companies operated oilfields on the UKCS in 2015. Click on the links to find further details regarding which fields they control:  4 GEN ENERGY  A J LUCAS GROUP LTD  ALKANE ENERGY PLC  ALPHA PETROLEUM UK HOLDINGS  ALTWOOD PETROLEUM  ANGUS ENERGY LIMITED  ANTRIM ENERGY INC.  APACHE CORPORATION  ARDENT OIL  ARENITE PETROLEUM 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)  CARSTONE EXPLORATION  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  CORFE ENERGY  CUADRILLA RESOURCES  DANSK OLIE OG NATURGAS A/S  DORIEMUS PLC  DYAS B.V.  ECORP INTERNATIONAL  EDEN ENERGY LIMITED  EDISON SPA  EGDON RESOURCES  EGERTON ENERGY VENTURES  ENCOUNTER OIL  ENDEAVOUR ENERGY  ENEGI OIL PLC  ENERGY RESOURCE TECHNOLOGY  ENGIE E&P  ENI UK LIMITED  ENQUEST PLC  EOG RESOURCES INC.  EUROPA OIL AND GAS  EXXONMOBIL INTERNATIONAL  FAROE PETROLEUM PLC  FIRST OIL EXPRO  FREQUENT OIL  FYRD ENERGY LIMITED  GAS-UNION GMBH  GAZPROM INTERNATIONAL  GROLIFFE  GTO LIMITED  HANSA HYDROCARBONS  HESS LIMITED  HIBISCUS PETROLEUM  HIGHLAND PETROLEUM LIMITED  HOLYWELL RESOURCES  HORIZON ENERGY PARTNERS  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.
  • 8.
    8  JERSEY OILAND GAS PLC  JAPAN PETROLEUM EXPLORATION CO.  JX NIPPON OIL & GAS  KIMMERIDGE ENERGY MANAGEMENT LTD  KOREA NATIONAL OIL CORPORATION  KUWAIT PETROLEUM CORPORATION  MAERSK GROUP  MAGELLAN PETROLEUM CORPORATION  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  MURPHY PETROLEUM  NATIONAL IRANIAN OIL CO.  NOBLE ENERGY  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  PARKMEAD GROUP PLC  PERENCO OIL & GAS  PETROFAC  PETROGAS INTERNATIONAL  PETRONAS ENERGY TRADING  PING PETROLEUM LIMITED  PREMIER OIL PLC  REACH ENERGY LIMITED  REACH OIL & GAS  REPSOL SINOPEC RESOURCES  ROYAL DUTCH SHELL  SCOTTISH AND SOUTHERN ENERGY PLC  SCOTTISH POWER PLC  SERICA ENERGY  SOJITZ UK PLC  SONOREX OIL AND GAS  SPIKE EXPLORATION  STATOIL ASA  STEAM OIL PRODUCTION COMPANY LTD  STELINMATVIC INDUSTRIES  STERLING RESOURCES  SUMITOMO CORPORATION  SUNCOR ENERGY INC.  SWIFT EXPLORATION  TAQA EUROPA B.V.  TERRAIN ENERGY  TGS GEOPHYSICAL COMPANY (UK) LIMITED  THE CHATSWORTH ESTATES COMPANY  THIRD ENERGY  THIRD ENERGY OFFSHORE LIMITED  TOTAL UPSTREAM UK LIMITED  TULLOW UK  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 LIMITED  ZENNOR PETROLE Source: https://itportal.decc.gov.uk/information/licence_reports/databycompanyandblock.html
  • 9.
    9 3) Oil Production OilProduction by Field: Field Name 2015 Production (Tonnes) 2015 Production (Barrels) Value $ 2015 Production (Barrels/day) BUZZARD 8,151,738 59,752,240 $ 3,130,419,854 163,705 GOLDEN EAGLE 2,196,393 16,099,561 $ 843,456,001 44,108 FORTIES 2,057,166 15,079,027 $ 789,990,225 41,312 FRANKLIN 1,436,871 10,532,264 $ 551,785,311 28,856 CAPTAIN 1,402,852 10,282,905 $ 538,721,393 28,172 KINNOULL 1,288,250 9,442,873 $ 494,712,116 25,871 FOINAVEN 1,163,192 8,526,197 $ 446,687,461 23,359 BALLOCH 969,913 7,109,462 $ 372,464,714 19,478 JASMINE 905,453 6,636,970 $ 347,710,858 18,183 CLAIR 883,957 6,479,405 $ 339,456,028 17,752 WYTCH FARM 778,510 5,706,478 $ 298,962,382 15,634 ALBA 667,605 4,893,545 $ 256,372,823 13,407 HUNTINGTON 588,051 4,310,414 $ 225,822,589 11,809 HARDING 570,585 4,182,388 $ 219,115,307 11,459 MAGNUS 547,642 4,014,216 $ 210,304,776 10,998 NINIAN 488,630 3,581,658 $ 187,643,063 9,813 GRYPHON 469,715 3,443,011 $ 180,379,346 9,433 BERYL 452,831 3,319,251 $ 173,895,560 9,094 GANNET F 447,225 3,278,159 $ 171,742,750 8,981 SHEARWATER 440,810 3,231,137 $ 169,279,267 8,852 CLAYMORE 436,434 3,199,061 $ 167,598,806 8,765 WEST BRAE 434,070 3,181,733 $ 166,690,992 8,717 SCOTT 434,000 3,181,220 $ 166,664,116 8,716 MACLURE 431,810 3,165,167 $ 165,823,099 8,672 BLAKE 410,576 3,009,522 $ 157,668,858 8,245 NELSON 402,550 2,950,692 $ 154,586,754 8,084 PEREGRINE 399,640 2,929,361 $ 153,469,223 8,026 GANNET A 382,796 2,805,895 $ 147,000,839 7,687 PIERCE 382,310 2,802,332 $ 146,814,173 7,678 THISTLE 367,870 2,696,487 $ 141,268,954 7,388 MACHAR 365,458 2,678,807 $ 140,342,699 7,339 CORMORANT SOUTH 313,892 2,300,828 $ 120,540,379 6,304 BITTERN 295,997 2,169,658 $ 113,668,383 5,944 CORMORANT NORTH 292,300 2,142,559 $ 112,248,666 5,870 NEVIS 285,320 2,091,396 $ 109,568,236 5,730 CHESTNUT 271,743 1,991,876 $ 104,354,384 5,457
  • 10.
    10 MUNGO 264,910 1,941,790$ 101,730,378 5,320 DON SOUTH WEST 259,724 1,903,777 $ 99,738,877 5,216 TULLICH 251,450 1,843,129 $ 96,561,528 5,050 TERN 246,920 1,809,924 $ 94,821,918 4,959 BACCHUS 245,188 1,797,228 $ 94,156,775 4,924 PELICAN 239,520 1,755,682 $ 91,980,180 4,810 CALLANISH 239,016 1,751,987 $ 91,786,599 4,800 ALWYN NORTH 235,353 1,725,137 $ 90,379,927 4,726 DOUGLAS 223,424 1,637,698 $ 85,798,998 4,487 BRAE SOUTH 221,651 1,624,702 $ 85,118,138 4,451 Enochdhu 220,691 1,617,665 $ 84,749,469 4,432 PIPER 219,680 1,610,254 $ 84,361,207 4,412 BANFF 218,430 1,601,092 $ 83,881,210 4,387 TELFORD 214,630 1,573,238 $ 82,421,939 4,310 ERSKINE 210,297 1,541,477 $ 80,757,980 4,223 ATHENA 207,148 1,518,395 $ 79,548,714 4,160 ETTRICK 206,504 1,513,674 $ 79,301,381 4,147 ELGIN 200,330 1,468,419 $ 76,930,471 4,023 KYLE 195,516 1,433,132 $ 75,081,785 3,926 STATFJORD 193,310 1,416,962 $ 74,234,639 3,882 WEST DON 192,960 1,414,397 $ 74,100,259 3,875 BRODGAR 192,507 1,411,076 $ 73,926,272 3,866 PENGUIN EAST 192,070 1,407,873 $ 73,758,466 3,857 GUILLEMOT A 185,764 1,361,650 $ 71,336,844 3,731 DUNBAR 181,178 1,328,035 $ 69,575,754 3,638 COOK 180,352 1,321,980 $ 69,258,532 3,622 JADE 171,889 1,259,946 $ 66,008,571 3,452 JANICE 169,832 1,244,869 $ 65,218,687 3,411 DONAN {MAERSK} 168,700 1,236,571 $ 64,783,955 3,388 MADOES 162,306 1,189,703 $ 62,328,540 3,259 STARLING 160,040 1,173,093 $ 61,458,342 3,214 HEATHER {AND EXT} 140,274 1,028,208 $ 53,867,817 2,817 BUCHAN 137,384 1,007,025 $ 52,758,040 2,759 Ythan 136,650 1,001,645 $ 52,476,182 2,744 JUDY 123,075 902,140 $ 47,263,115 2,472 GUILLEMOT NW 118,453 868,260 $ 45,488,141 2,379 DEVENICK 115,129 843,896 $ 44,211,711 2,312 BRITANNIA 112,895 827,520 $ 43,353,773 2,267 HOWE 112,395 823,855 $ 43,161,763 2,257 BROOM 108,373 794,374 $ 41,617,254 2,176 BLANE 108,165 792,849 $ 41,537,359 2,172 ANDREW 108,088 792,285 $ 41,507,811 2,171
  • 11.
    11 TWEEDSMUIR SOUTH 107,030784,530 $ 41,101,527 2,149 JOANNE 106,977 784,141 $ 41,081,147 2,148 ROCHELLE 104,000 762,320 $ 39,937,945 2,089 BRUCE 102,782 753,392 $ 39,470,207 2,064 THELMA 102,180 748,979 $ 39,239,010 2,052 TIFFANY 100,630 737,618 $ 38,643,807 2,021 BRENDA 97,056 711,420 $ 37,271,294 1,949 MACCULLOCH 96,488 707,257 $ 37,053,194 1,938 GROUSE 93,645 686,418 $ 35,961,439 1,881 BLACKBIRD 93,528 685,560 $ 35,916,488 1,878 HIGHLANDER 92,261 676,273 $ 35,429,942 1,853 FULMAR 91,563 671,157 $ 35,161,915 1,839 CLAPHAM 87,298 639,894 $ 33,524,047 1,753 LOCHRANZA 85,192 624,457 $ 32,715,302 1,711 DUNLIN 84,618 620,250 $ 32,494,898 1,699 GUILLEMOT W 83,569 612,561 $ 32,092,071 1,678 CAUSEWAY 79,897 585,645 $ 30,681,942 1,605 CORMORANT EAST 78,386 574,569 $ 30,101,670 1,574 BURGHLEY 74,937 549,288 $ 28,777,198 1,505 BRAE CENTRAL 72,003 527,782 $ 27,650,499 1,446 Godwin 70,440 516,325 $ 27,050,267 1,415 DUART 69,378 508,541 $ 26,642,463 1,393 PENGUIN WEST 68,980 505,623 $ 26,489,589 1,385 DEVERON 68,277 500,470 $ 26,219,623 1,371 EVEREST 67,492 494,716 $ 25,918,171 1,355 MERGANSER 66,659 488,610 $ 25,598,278 1,339 LYELL 65,555 480,518 $ 25,174,338 1,316 GOOSANDER 65,260 478,356 $ 25,061,071 1,311 AFFLECK 64,898 475,702 $ 24,922,028 1,303 MALLARD 64,733 474,493 $ 24,858,688 1,300 MAULE 63,461 465,169 $ 24,370,204 1,274 EIDER 63,222 463,417 $ 24,278,417 1,270 BOA 63,064 462,259 $ 24,217,749 1,266 AUK NORTH 62,175 455,743 $ 23,876,376 1,249 TEAL 59,690 437,528 $ 22,922,092 1,199 WOOD 57,920 424,554 $ 22,242,384 1,163 TONTO 53,260 390,396 $ 20,452,846 1,070 SCAPA 52,110 381,966 $ 20,011,199 1,046 SAXON 52,010 381,233 $ 19,972,797 1,044 FIONN 50,212 368,054 $ 19,282,349 1,008 ELLON 49,718 364,433 $ 19,092,645 998 HUDSON 49,177 360,467 $ 18,884,866 988
  • 12.
    12 SEYMOUR 48,650 356,605$ 18,682,536 977 MONAN 45,900 336,447 $ 17,626,458 922 AUK 43,407 318,173 $ 16,669,083 872 CURLEW C 43,178 316,495 $ 16,581,173 867 KINGFISHER 42,476 311,349 $ 16,311,574 853 Galia 42,431 311,019 $ 16,294,285 852 BRAEMAR 42,073 308,395 $ 16,156,814 845 OSPREY 41,570 304,708 $ 15,963,652 835 CLYDE 41,448 303,814 $ 15,916,815 832 ARBROATH 41,371 303,249 $ 15,887,215 831 ORION 40,990 300,457 $ 15,740,942 823 Alma 39,429 289,015 $ 15,141,496 792 COLUMBA BD 35,505 260,252 $ 13,634,602 713 JAMES 34,398 252,137 $ 13,209,457 691 BALMORAL 31,907 233,878 $ 12,252,868 641 RHUM 31,290 229,356 $ 12,015,961 628 WELTON 31,280 229,282 $ 12,012,084 628 SCOTER 31,220 228,843 $ 11,989,085 627 GRANT 30,694 224,987 $ 11,787,069 616 JURA 29,895 219,130 $ 11,480,221 600 GANNET D 28,777 210,935 $ 11,050,885 578 NICOL 28,430 208,392 $ 10,917,657 571 BUCKLAND 28,406 208,216 $ 10,908,436 570 FALCON 28,041 205,541 $ 10,768,293 563 FLEMING 26,609 195,044 $ 10,218,355 534 Cladhan 25,575 187,465 $ 9,821,291 514 PICT 24,640 180,611 $ 9,462,210 495 BRAE NORTH 24,450 179,219 $ 9,389,283 491 BIRCH 24,337 178,390 $ 9,345,852 489 HERON 23,917 175,312 $ 9,184,596 480 TARTAN 23,810 174,527 $ 9,143,470 478 TWEEDSMUIR 23,490 172,182 $ 9,020,615 472 SINGLETON 23,350 171,156 $ 8,966,863 469 CURLEW 22,218 162,858 $ 8,532,131 446 DOUGLAS WEST 21,388 156,774 $ 8,213,390 430 MARNOCK 20,636 151,262 $ 7,924,616 414 LOMOND 18,787 137,709 $ 7,214,575 377 BRAE EAST 18,511 135,686 $ 7,108,590 372 BRENT 16,884 123,760 $ 6,483,786 339 STRATHSPEY 16,720 122,558 $ 6,420,814 336 STOCKBRIDGE 16,700 122,411 $ 6,413,112 335 KEITH 16,582 121,546 $ 6,367,795 333
  • 13.
    13 SKENE 14,970 109,730$ 5,748,755 301 STIRLING 14,350 105,186 $ 5,510,695 288 SYCAMORE 13,100 96,023 $ 5,030,645 263 HUMBLY GROVE 12,966 95,041 $ 4,979,198 260 MERLIN 11,168 81,861 $ 4,288,698 224 COLUMBA E 10,210 74,839 $ 3,920,815 205 LARCH 9,811 71,915 $ 3,767,627 197 ROSS 9,410 68,975 $ 3,613,600 189 CONRIE 8,680 63,624 $ 3,333,261 174 MARIA 8,278 60,678 $ 3,178,920 166 Solitaire 8,230 60,326 $ 3,160,479 165 HORNDEAN 7,135 52,300 $ 2,739,997 143 MONTROSE 6,940 50,870 $ 2,665,079 139 DRAKE 6,851 50,218 $ 2,630,921 138 DUNLIN SOUTH WEST 6,512 47,733 $ 2,500,732 131 BEAULY 6,160 45,153 $ 2,365,566 124 GLENTWORTH 5,770 42,294 $ 2,215,783 116 SCAMPTON NORTH 5,380 39,435 $ 2,066,000 108 WAREHAM 4,890 35,844 $ 1,877,867 98 ISLAY 4,748 34,803 $ 1,823,329 95 BECKINGHAM 4,719 34,590 $ 1,812,170 95 BEINN 4,609 33,784 $ 1,769,944 93 BLETCHINGLEY 4,403 32,274 $ 1,690,835 88 BARDOLINO 4,335 31,776 $ 1,664,745 87 LENNOX 4,291 31,453 $ 1,647,823 86 GAINSBOROUGH 4,213 30,881 $ 1,617,856 85 COLD HANWORTH 4,113 30,148 $ 1,579,454 83 MEDWIN 4,052 29,701 $ 1,556,035 81 NESS 3,440 25,215 $ 1,321,014 69 LONG CLAWSON 3,338 24,468 $ 1,281,879 67 AVINGTON 3,089 22,642 $ 1,186,214 62 GANNET C 3,056 22,400 $ 1,173,536 61 WEST FIRSBY 3,040 22,283 $ 1,167,406 61 PALMERS WOOD 2,800 20,524 $ 1,075,252 56 ENOCH 2,783 20,399 $ 1,068,704 56 KIMMERIDGE 2,217 16,251 $ 851,390 45 STORRINGTON 1,920 14,074 $ 737,337 39 BOTHAMSALL 1,704 12,490 $ 654,351 34 LEVEN 1,689 12,380 $ 648,588 34 EAST GLENTWORTH 1,534 11,244 $ 589,073 31 CROSBY WARREN 1,395 10,225 $ 535,688 28 KEDDINGTON 1,284 9,412 $ 493,095 26
  • 14.
    14 CORRINGHAM 1,276 9,353$ 490,004 26 GOODWORTH 1,157 8,481 $ 444,320 23 BROCKHAM 970 7,110 $ 372,493 19 CARNOUSTIE 918 6,729 $ 352,532 18 FISKERTON AIRFIELD 692 5,072 $ 265,722 14 ARKWRIGHT 691 5,065 $ 265,355 14 LIDSEY 671 4,918 $ 257,654 13 WEST BECKINGHAM 670 4,911 $ 257,287 13 NETHAN 650 4,765 $ 249,638 13 BEATRICE 639 4,684 $ 245,395 13 REMPSTONE 540 3,958 $ 207,360 11 FARLEYS WOOD 535 3,922 $ 205,474 11 EGMANTON 522 3,826 $ 200,444 10 WHISBY 450 $ - NETTLEHAM 210 1,539 $ 80,628 4 STAINTON 210 1,539 $ 80,628 4 MIRREN 180 1,319 $ 69,102 4 HAWKINS 160 1,173 $ 61,453 3 SOUTH LEVERTON 140 1,026 $ 53,752 3 BRECHIN 131 960 $ 50,294 3 NEWTON ON TRENT 60 440 $ 23,052 1 Note: Oil price per barrel $52.39 is taken from BP Statistical Review of World Energy 2016 page 14. 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 for Brent Crude in 2015.
  • 15.
    15 8,151,738 2,196,393 2,057,166 1,436,871 1,402,852 1,288,250 1,163,192 969,913 905,453 883,957 778,510 667,605 588,051 570,585 547,642 488,630 469,715 452,831 447,225 440,810 North Sea OilOutput by Field Top 20 Annual Total (Tonnes) 2015 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2016 https://itportal.decc.gov.uk/pprs/full_production.htm
  • 16.
    16 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 OilOutput 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
  • 17.
    17 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 OilOutput 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
  • 18.
  • 19.
    19 Oil Production byCompany: Equity Holder Tonnes 2015 Production (Barrels) Value $ 2015 Production (Barrels/day) NEXEN PETROLEUM U.K. LIMITED 5,120,578 37,533,837 $ 1,966,397,720 102,832 BP 3,671,052 26,908,811 $ 1,409,752,608 73,723 MAERSK OIL NORTH SEA UK LIMITED 3,434,771 25,176,871 $ 1,319,016,272 68,978 SUNCOR ENERGY UK LIMITED 3,131,732 22,955,596 $ 1,202,643,674 62,892 BG INTERNATIONAL LIMITED 2,843,606 20,843,632 $ 1,091,997,880 57,106 APACHE 2,816,108 20,642,072 $ 1,081,438,152 56,554 SHELL U.K. LIMITED 2,456,285 18,004,569 $ 943,259,370 49,328 TAQA BRATANI LIMITED 2,215,098 16,236,668 $ 850,639,037 44,484 CHEVRON NORTH SEA LIMITED 2,001,666 14,672,212 $ 768,677,187 40,198 TALISMAN SINOPEC ENERGY UK LTD 1,655,171 12,132,403 $ 635,616,593 33,239 ESSO E&P UK LIMITED 1,465,033 10,738,692 $ 562,600,074 29,421 CONOCOPHILLIPS (U.K.) LIMITED 1,246,726 9,138,502 $ 478,766,120 25,037 TOTAL E&P UK LIMITED 1,167,692 8,559,182 $ 448,415,545 23,450 ENQUEST 1,128,552 8,272,286 $ 433,385,064 22,664 DANA PETROLEUM (E&P) LIMITED 1,049,427 7,692,300 $ 402,999,597 21,075 ENI 1,032,360 7,567,199 $ 396,445,556 20,732 CNR 1,029,931 7,549,394 $ 395,512,752 20,683 PREMIER OIL UK LIMITED 707,634 5,186,957 $ 271,744,677 14,211 MARATHON OIL U.K. LLC 640,181 4,692,527 $ 245,841,490 12,856 CENTRICA 627,493 4,599,524 $ 240,969,062 12,601 DYAS EOG LIMITED 578,193 4,238,155 $ 222,036,940 11,611 ITHACA ENERGY (UK) LIMITED 549,827 4,030,232 $ 211,143,854 11,042 JX NIPPON E & P (U.K.) LIMITED 514,979 3,774,796 $ 197,761,562 10,342 PERENCO UK LIMITED 394,626 2,892,609 $ 151,543,786 7,925 ENDEAVOUR ENERGY UK LIMITED 298,221 2,185,960 $ 114,522,444 5,989 E.ON E&P UK LIMITED 241,171 1,767,783 $ 92,614,151 4,843 TRANSWORLD PETROLEUM (U.K.) LTD 177,008 1,297,469 $ 67,974,401 3,555 GDF SUEZ E&P UK LTD 176,439 1,293,298 $ 67,755,882 3,543 FIRST OIL 158,567 1,162,296 $ 60,892,687 3,184 MOL OPERATIONS UK LTD 153,764 1,127,090 $ 59,048,245 3,088 IGAS ENERGY plc 120,314 881,902 $ 46,202,846 2,416 NORECO OIL (UK) LIMITED 117,610 862,081 $ 45,164,424 2,362 STATOIL (U.K.) LIMITED 113,493 831,904 $ 43,583,451 2,279 IDEMITSU PETROLEUM UK LTD. 105,579 773,894 $ 40,544,307 2,120 FAIRFIELD 100,708 738,190 $ 38,673,774 2,022 MITSUI E&P UK LIMITED 98,918 725,069 $ 37,986,365 1,986 IONA UK HUNTINGTON LIMITED 88,208 646,565 $ 33,873,540 1,771 MARUBENI OIL & GAS (U.K.) LIMITED 80,999 593,723 $ 31,105,148 1,627 EDISON E&P UK LTD 79,039 579,356 $ 30,352,461 1,587 ATLANTIC PETROLEUM NORTH SEA LTD 66,621 488,332 $ 25,583,713 1,338 SOJITZ ENERGY PROJECT LIMITED 63,412 464,810 $ 24,351,396 1,273
  • 20.
    20 ORANJE-NASSAU ENERGIE HANZE50,053 366,888 $ 19,221,262 1,005 MCX 43,160 316,363 $ 16,574,258 867 PARKMEAD (E&P) LIMITED 41,430 303,682 $ 15,909,900 832 FAROE PETROLEUM (U.K.) LIMITED 40,654 297,994 $ 15,611,906 816 SERICA ENERGY (UK) LIMITED 37,853 277,462 $ 14,536,234 760 VERUS PETROLEUM (PRODUCTION) LTD 37,824 277,250 $ 14,525,128 760 SUMMIT E&P LIMITED 35,854 262,810 $ 13,768,616 720 Antrim Resources Limited 34,947 256,162 $ 13,420,327 702 OMV (U.K.) LIMITED 33,700 247,021 $ 12,941,430 677 SPIKE EXPLORATION UK LTD 31,072 227,758 $ 11,932,242 624 TRAP OIL LTD 31,072 227,758 $ 11,932,242 624 Kuwait Foreign Petroleum Explorn Coy 28,651 210,012 $ 11,002,529 575 BHP BILLITON PETROLEUM GB LTD 21,723 159,230 $ 8,342,060 436 ZEUS PETROLEUM LIMITED 20,715 151,841 $ 7,954,950 416 RIGEL PETROLEUM (NI) LIMITED 15,980 117,133 $ 6,136,598 321 IRANIAN OIL COMPANY (U.K.) LIMITED 15,645 114,678 $ 6,007,980 314 NOBLE ENERGY (OILEX) LIMITED 13,508 99,014 $ 5,187,343 271 INEOS UK SNS LIMITED 13,010 95,363 $ 4,996,068 261 HUMBLY GROVE ENERGY LIMITED 12,966 95,041 $ 4,979,198 260 CIECO E&P (UK) LIMITED 12,673 92,893 $ 4,866,664 255 EQ PETROLEUM SABAH LTD 8,011 58,721 $ 3,076,393 161 EUROPA OIL & GAS LIMITED 4,435 32,509 $ 1,703,147 89 EGDON RESOURCES U.K. LIMITED 2,398 17,577 $ 920,859 48 BRIDGE ENERGY (SNS) LIMITED 977 7,161 $ 375,165 20 ANGUS ENERGY WEALD BASIN NO.3 LTD 918 6,729 $ 352,532 18 DART ENERGY LIMITED 737 5,402 $ 283,011 15 UKOG (GB) LIMITED 714 5,234 $ 274,209 14 CIRQUE ENERGY (UK) LIMITED 692 5,072 $ 265,722 14 ECORP OIL & GAS UK LIMITED 569 4,171 $ 218,519 11 ONSHORE PRODUCTION SERVICES LTD 535 3,922 $ 205,474 11 TERRAIN ENERGY LIMITED 521 3,819 $ 200,077 10 STERLING RESOURCES (UK) PLC 512 3,753 $ 196,620 10 BLACKLAND PARK EXPLORATION LTD 450 3,299 $ 172,835 9 EDINBURGH OIL & GAS LIMITED 429 3,145 $ 164,767 9 IS E&P Limited 308 2,258 $ 118,297 6 AURORA EXPLORATION 257 1,884 $ 98,703 5 DORIEMUS PLC 231 1,693 $ 88,696 5 BROCKHAM CAPITAL LIMITED 164 1,202 $ 62,973 3 Northern Petroleum 154 1,129 $ 59,148 3 NAUTICAL PETROLEUM LIMITED 128 938 $ 49,142 3 ALTAQUEST ENERGY CORP (UK) LTD 60 440 $ 23,052 1 44,314,482 324,825,159 17,017,590,083 889,928 Note: Oil price ($52.39) is taken from BP Statistical Review of World Energy 2016 page 14. 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 Brent price for 2015.
  • 21.
    21 8,151,738 2,196,393 2,057,166 1,436,871 1,402,852 1,288,250 1,163,192 969,913 905,453 883,957 778,510 667,605 588,051 570,585 547,642 488,630 469,715 452,831 447,225 440,810 North Sea OilOutput by Field Top 20 Annual Total (Tonnes) 2015 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2016 https://itportal.decc.gov.uk/pprs/full_production.htm
  • 22.
  • 23.
  • 24.
  • 25.
    25 Equity Holder Tonnes2015 Tonnes 2014 Difference MAERSK OIL 3,434,771 1,992,321 1,442,450 BP 3,671,052 2,370,321 1,300,731 SHELL 2,456,285 1,615,464 840,821 SUNCOR ENERGY UK LIMITED 3,131,732 2,335,090 796,642 NEXEN 5,120,578 4,350,070 770,508 ESSO E & P UK LIMITED 1,465,033 922,963 542,070 DYAS UK LIMITED 578,193 64,417 513,776 CHEVRON NORTH SEA LIMITED 2,001,666 1,604,522 397,144 JX NIPPON E&P (U.K.) LIMITED 514,979 206,231 308,748 TOTAL E&P UK LIMITED 1,167,692 894,835 272,857 DANA PETROLEUM 1,049,427 806,071 243,356 TALISMAN SINOPEC ENERGY UK LTD 1,655,171 1,426,529 228,642 CNR INTERNATIONAL 1,029,931 840,078 189,853 MARATHON OIL 640,181 481,906 158,275 ITHACA 549,827 463,468 86,359 GDF SUEZ E&P UK LTD 176,439 94,850 81,589 EDISON E&P UK LTD 79,039 - 79,039 MARUBENI OIL & GAS 80,999 27,997 53,002 ORANJE-NASSAU ENERGIE HANZE (UK) LIMITED 50,053 - 50,053 E.ON E&P 241,171 200,350 40,821 SERICA ENERGY (UK) LIMITED 37,853 - 37,853 VERUS PETROLEUM (PRODUCTION) LTD 37,824 37,824 PREMIER OIL 707,634 674,090 33,544 Kuwait Foreign Petroleum Explorn Coy 28,651 - 28,651 TRANSWORLD PETROLEUM (U.K.) LIMITED 177,008 148,923 28,085 SUMMIT PETROLEUM 35,854 19,375 16,479 IRANIAN OIL COMPANY (U.K.) LIMITED 15,645 1,625 14,020 INEOS UK SNS LIMITED 13,010 13,010 IDEMITSU PETROLEUM UK LTD. 105,579 94,105 11,474 Antrim Resources Limited 34,947 27,488 7,459 FAROE PETROLEUM (U.K.) LIMITED 40,654 34,728 5,926 RIGEL PETROLEUM (NI) LIMITED 15,980 10,570 5,410 NORECO OIL (UK) LIMITED 117,610 113,736 3,874 IONA UK HUNTINGTON LIMITED 88,208 85,302 2,906 STERLING RESOURCES (UK) PLC 512 512 BLACKLAND PARK EXPLORATION LIMITED 450 - 450 NAUTICAL PETROLEUM LIMITED 128 128 ONSHORE PRODUCTION SERVICES LIMITED 535 420 115 ALTAQUEST ENERGY CORP (UK) LTD 60 60 DORIEMUS PLC 231 215 16 DART ENERGY LIMITED 737 726 11 ECORP OIL & GAS UK LIMITED 569 560 9
  • 26.
    26 EWE VERTRIEB GMBH0 - 0 WINTERSHALL 0 - 0 SCHIEHALLION OIL & GAS LIMITED 0 - 0 PALADIN RESOURCES 0 - 0 MURPHY PETROLEUM LIMITED 0 - 0 NORTH SEA ENERGY (UK) LIMITED 0 - 0 IS NV Limited 0 - 0 FINA EXPLORATION LIMITED 0 - 0 Northern Petroleum plc 154 155 -1 IS E&P Limited 308 310 -2 BROCKHAM CAPITAL LIMITED 164 170 -6 DORSET EXPLORATION 0 25 -25 UKOG (GB) LIMITED 714 744 -30 UK OIL & GAS INVESTMENTS plc 0 40 -40 AURORA EXPLORATION 257 304 -47 TERRAIN ENERGY LIMITED 521 572 -51 CAIRN ENERGY plc 0 60 -60 NIPPON OIL 0 139 -139 ANGUS ENERGY 918 1,065 -147 ALBA RESOURCES LIMITED 0 148 -148 BRIDGE ENERGY 977 1,135 -158 EGDON RESOURCES 2,398 2,849 -451 BHP BILLITON 21,723 22,588 -865 EUROPA OIL & GAS LIMITED 4,435 5,400 -965 CIRQUE ENERGY (UK) LIMITED 692 1,880 -1,188 OMV (U.K.) LIMITED 33,700 35,132 -1,432 EQ PETROLEUM SABAH LTD 8,011 10,566 -2,555 ZEUS PETROLEUM LIMITED 20,715 24,058 -3,343 SPIKE EXPLORATION UK LTD 31,072 36,087 -5,015 TRAP OIL LTD 31,072 36,087 -5,015 HUMBLY GROVE ENERGY LIMITED 12,966 18,740 -5,774 CENTRICA RESOURCES LIMITED 627,493 633,852 -6,359 PARKMEAD (E&P) LIMITED 41,430 48,116 -6,686 Igas Energy plc 120,314 128,363 -8,049 ATLANTIC PETROLEUM UK LIMITED 66,621 77,555 -10,934 NOBLE ENERGY (OILEX) LIMITED 13,508 24,535 -11,027 MOL OPERATIONS UK LIMITED 153,764 164,963 -11,199 RWE DEA UK SNS LIMITED 0 14,541 -14,541 CIECO EXPLORATION AND PRODUCTION (UK) LTD 12,673 29,654 -16,981 BG Group 2,843,606 2,861,971 -18,365 FIRST OIL AND GAS 158,567 178,849 -20,282 ENQUEST 1,128,552 1,150,097 -21,545 SOJITZ ENERGY PROJECT LIMITED 63,412 86,921 -23,509 ROC OIL (GB) LIMITED 0 24,101 -24,101
  • 27.
    27 PERENCO 394,626 421,160-26,534 MITSUI E&P UK LIMITED 98,918 127,140 -28,222 STATOIL (U.K.) LIMITED 113,493 149,688 -36,195 VALIANT EXPLORATION LIMITED 0 49,942 -49,942 MCX (MITSUBISHI) 43,160 99,843 -56,683 ENDEAVOUR ENERGY UK LIMITED 298,221 369,312 -71,091 APACHE NORTH SEA LIMITED 2,816,108 2,892,368 -76,260 FAIRFIELD 100,708 232,967 -132,259 ENI 1,032,360 1,173,543 -141,183 CONOCOPHILLIPS (U.K.) LIMITED 1,246,726 1,456,990 -210,264 TAQA BRATANI 2,215,098 2,470,360 -255,262 EDINBURGH OIL & GAS LIMITED 429 403,600 -403,171 44,314,482 37,378,031 6,936,451
  • 28.
    28 1,442,450 1,300,731 840,821 796,642 770,508 542,070 513,776 397,144 308,748 272,857 -36,195 -49,942 -56,683 -71,091 -76,260 -132,259 -141,183 -210,264 -255,262 -403,171 MAERSKOIL BP SHELL SUNCORENERGYUKLIMITED NEXEN ESSOE&PUKLIMITED DYASUKLIMITED CHEVRONNORTHSEALIMITED JXNIPPONE&P(U.K.)LIMITED TOTALE&PUKLIMITED STATOIL(U.K.)LIMITED VALIANTEXPLORATIONLIMITED MCX(MITSUBISHI) ENDEAVOURENERGYUKLIMITED APACHENORTHSEALIMITED FAIRFIELD ENI CONOCOPHILLIPS(U.K.)LIMITED TAQABRATANI EDINBURGHOIL&GASLIMITED UKCS Oil Outputby Company Production Change in Tonnes 2015v2014 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2015 https://www.og.decc.gov.uk/pprs/full_production.htm and Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June2016 https://itportal.decc.gov.uk/pprs/full_production.htm
  • 29.
    29 4) Gas Production GasProduction by Field 2015 (000’s Cubic Meters) Field CuM 000's MM BTUs Value $ ROUGH STORAGE 2,811,737 99,295,555 $ 648,399,974 FRANKLIN 2,567,985 90,687,534 $ 592,189,597 BRITANNIA 1,768,825 62,465,465 $ 407,899,486 JASMINE 1,616,517 57,086,759 $ 372,776,536 LENNOX 1,139,368 40,236,401 $ 262,743,699 BREAGH 1,081,875 38,206,055 $ 249,485,539 MORECAMBE SOUTH 1,056,279 37,302,141 $ 243,582,981 RHUM 902,731 31,879,644 $ 208,174,075 SEAN 868,179 30,659,452 $ 200,206,222 LEMAN {SHELL} 866,038 30,583,843 $ 199,712,495 WINGATE 849,202 29,989,286 $ 195,830,038 JURA 835,791 29,515,681 $ 192,737,397 BRUCE 783,690 27,675,751 $ 180,722,654 CLIPPER SOUTH 766,604 27,072,365 $ 176,782,543 BRODGAR 714,465 25,231,093 $ 164,759,037 ROCHELLE 670,854 23,690,985 $ 154,702,132 NEVIS 632,726 22,344,508 $ 145,909,637 LEMAN PERENCO 626,805 22,135,410 $ 144,544,227 ALWYN NORTH 611,268 21,586,726 $ 140,961,321 JADE 596,396 21,061,526 $ 137,531,765 BERYL 581,997 20,553,030 $ 134,211,286 BANFF 541,501 19,122,927 $ 124,872,713 CHISWICK 518,999 18,328,277 $ 119,683,649 SHEARWATER 517,422 18,272,585 $ 119,319,980 DEVENICK 499,670 17,645,680 $ 115,226,290 STARLING 490,985 17,338,972 $ 113,223,487 CARRACK 486,370 17,175,994 $ 112,159,241 STATFJORD 472,674 16,692,325 $ 109,000,882 BABBAGE 454,389 16,046,596 $ 104,784,272 BARQUE 434,580 15,347,048 $ 100,216,223 GALLEON 422,124 14,907,168 $ 97,343,807 JUDY 413,092 14,588,206 $ 95,260,985 LEMAN SOUTH 411,799 14,542,544 $ 94,962,812 EVEREST 395,426 13,964,337 $ 91,187,121 BUZZARD 381,423 13,469,826 $ 87,957,964 WEST SOLE 378,351 13,361,339 $ 87,249,544 INDE PERENCO 361,702 12,773,386 $ 83,410,211 BRAE EAST 319,996 11,300,552 $ 73,792,605 GROVE 319,898 11,297,091 $ 73,770,004 ELGIN 318,265 11,239,422 $ 73,393,426 ERIS 303,781 10,727,925 $ 70,053,350 ERSKINE 300,034 10,595,601 $ 69,189,275 DUNBAR 299,936 10,592,140 $ 69,166,674 SATURN {ATLAS, HYPERION, RHEA} 298,306 10,534,577 $ 68,790,788 FLEMING 290,272 10,250,859 $ 66,938,109
  • 30.
    30 ANDREW 286,251 10,108,859$ 66,010,849 RHYL 263,321 9,299,093 $ 60,723,077 MAGNUS 258,650 9,134,139 $ 59,645,928 YORK 251,043 8,865,500 $ 57,891,715 GRANT 250,633 8,851,021 $ 57,797,167 LOMOND 249,581 8,813,870 $ 57,554,571 RAVENSPURN SOUTH 246,621 8,709,338 $ 56,871,977 PIERCE 240,919 8,507,974 $ 55,557,070 PENGUIN EAST 239,303 8,450,906 $ 55,184,416 MERGANSER 234,391 8,277,440 $ 54,051,683 BOULTON 223,127 7,879,656 $ 51,454,154 BRAEMAR 217,410 7,677,762 $ 50,135,786 RAVENSPURN NORTH 213,555 7,541,624 $ 49,246,805 MINERVA 206,615 7,296,540 $ 47,646,406 SCOTER 202,374 7,146,770 $ 46,668,408 CALDER 202,003 7,133,669 $ 46,582,859 HEWETT 198,593 7,013,246 $ 45,796,496 JOANNE 195,416 6,901,051 $ 45,063,863 FOINAVEN 191,189 6,751,776 $ 44,089,097 CLIPPER 174,840 6,174,416 $ 40,318,936 CARAVEL 166,224 5,870,145 $ 38,332,047 KEW 166,028 5,863,223 $ 38,286,846 SKENE 165,751 5,853,441 $ 38,222,970 KETCH 165,299 5,837,479 $ 38,118,738 GRYPHON 159,411 5,629,546 $ 36,760,935 JULIET 159,309 5,625,944 $ 36,737,414 MURDOCH 157,110 5,548,287 $ 36,230,314 HUMBLY GROVE 153,498 5,420,731 $ 35,397,373 VICTOR 152,503 5,385,593 $ 35,167,922 MURDOCHK 151,515 5,350,702 $ 34,940,084 BRIGANTINEA 148,759 5,253,375 $ 34,304,539 KILMAR 148,096 5,229,961 $ 34,151,645 MARNOCK 147,446 5,207,006 $ 34,001,749 ISLAY 146,703 5,180,768 $ 33,830,415 KINGFISHER 146,083 5,158,872 $ 33,687,434 FORVIE 145,084 5,123,593 $ 33,457,062 WHITTLE 143,966 5,084,111 $ 33,199,245 BRAE NORTH 133,467 4,713,343 $ 30,778,130 BRENT 132,972 4,695,862 $ 30,663,979 KINNOULL 131,916 4,658,570 $ 30,420,462 MACHAR 128,909 4,552,378 $ 29,727,028 CUTTER 127,520 4,503,326 $ 29,406,719 APOLLO 126,138 4,454,521 $ 29,088,022 STRATHSPEY 125,430 4,429,519 $ 28,924,759 FORTIES 117,330 4,143,470 $ 27,056,859 MORECAMBE NORTH 116,895 4,128,108 $ 26,956,545 NEPTUNE 116,590 4,117,337 $ 26,886,211 BALLOCH 113,573 4,010,793 $ 26,190,478 SKIFF 111,577 3,940,305 $ 25,730,192 SCHOONER 110,174 3,890,758 $ 25,406,650 MILLOM 107,954 3,812,360 $ 24,894,711 HUNTINGTON 105,821 3,737,033 $ 24,402,825
  • 31.
    31 VULCAN 105,513 3,726,156$ 24,331,799 AMETHYST E 101,549 3,586,169 $ 23,417,684 GOLDEN EAGLE 99,181 3,502,544 $ 22,871,612 CERES 97,730 3,451,302 $ 22,537,002 CURLEW 96,444 3,405,888 $ 22,240,449 BRIGANTINEB 94,414 3,334,199 $ 21,772,319 ELLON 92,541 3,268,055 $ 21,340,399 TELFORD 90,589 3,199,120 $ 20,890,254 HOTON 87,901 3,104,195 $ 20,270,393 BELL 87,746 3,098,721 $ 20,234,648 GANNET A 87,430 3,087,561 $ 20,161,773 MALORY 86,831 3,066,408 $ 20,023,644 JOHNSTON 86,802 3,065,384 $ 20,016,958 MUNGO 85,193 3,008,562 $ 19,645,910 HAMILTON 82,581 2,916,320 $ 19,043,570 DRAKE 80,174 2,831,318 $ 18,488,507 ENSIGN 79,357 2,802,466 $ 18,300,103 BRAE SOUTH 77,514 2,737,381 $ 17,875,098 SCOTT 74,936 2,646,340 $ 17,280,600 COOK 70,210 2,479,443 $ 16,190,763 TRENT 69,898 2,468,425 $ 16,118,815 CAVENDISH 67,542 2,385,223 $ 15,575,506 LANCELOT 65,138 2,300,327 $ 15,021,135 SEYMOUR 64,565 2,280,091 $ 14,888,994 VALIANT SOUTH 62,758 2,216,278 $ 14,472,295 HUNTER 62,185 2,196,043 $ 14,340,161 THELMA 62,036 2,190,781 $ 14,305,800 CLAYMORE 61,961 2,188,132 $ 14,288,502 BRIGANTINEC 61,397 2,168,215 $ 14,158,444 RITA 59,192 2,090,346 $ 13,649,959 ALBA 58,485 2,065,378 $ 13,486,918 CLAIR 57,933 2,045,885 $ 13,359,629 SHAMROCK 56,159 1,983,236 $ 12,950,531 GANNET F 55,324 1,953,749 $ 12,757,981 NINIAN 54,800 1,935,244 $ 12,637,143 EXCALIBUR 54,504 1,924,791 $ 12,568,885 HYDE 54,291 1,917,269 $ 12,519,767 BAIRD 54,063 1,909,217 $ 12,467,187 CORMORANT SOUTH 53,557 1,891,348 $ 12,350,502 AFFLECK 53,270 1,881,212 $ 12,284,314 ANNABEL 52,322 1,847,734 $ 12,065,703 VALIANT NORTH 51,802 1,829,370 $ 11,945,786 CALLANISH 51,395 1,814,997 $ 11,851,930 VIKINGB 51,189 1,807,722 $ 11,804,425 HARDING 51,107 1,804,827 $ 11,785,520 SALTFLEETBY 50,778 1,793,208 $ 11,709,648 DOUGLAS 50,686 1,789,959 $ 11,688,432 CAPTAIN 50,577 1,786,110 $ 11,663,298 BLAKE 49,628 1,752,596 $ 11,444,452 NUGGETS 49,300 1,741,013 $ 11,368,815 MADOES 48,461 1,711,384 $ 11,175,338 ORCA 48,099 1,698,600 $ 11,091,858
  • 32.
    32 CAISTER CARBONIFEROUS 47,1851,666,323 $ 10,881,089 PICKERILL 46,418 1,639,236 $ 10,704,211 BITTERN 46,080 1,627,300 $ 10,626,269 SEVEN SEAS 44,166 1,559,708 $ 10,184,893 NELSON 43,202 1,525,664 $ 9,962,586 PENGUIN WEST 40,788 1,440,415 $ 9,405,910 CHESTNUT 40,005 1,412,763 $ 9,225,342 HOWE 39,892 1,408,773 $ 9,199,288 WENLOCK 39,694 1,401,780 $ 9,153,623 MACLURE 38,594 1,362,934 $ 8,899,959 MCADAM 37,740 1,332,776 $ 8,703,027 PIPER 37,328 1,318,226 $ 8,608,016 AMETHYST W 36,682 1,295,413 $ 8,459,047 Enochdhu 35,616 1,257,767 $ 8,213,219 THISTLE 34,901 1,232,517 $ 8,048,336 MIMAS 34,294 1,211,081 $ 7,908,359 TWEEDSMUIR SOUTH 32,840 1,159,734 $ 7,573,063 CORVETTE 32,303 1,140,770 $ 7,449,228 VICTORIA 31,871 1,125,514 $ 7,349,606 CORMORANT NORTH 29,527 1,042,736 $ 6,809,066 GALAHAD 27,779 981,006 $ 6,405,969 DELILAH 27,770 980,688 $ 6,403,893 Peregrine 26,637 940,677 $ 6,142,621 NEWSHAM 25,615 904,585 $ 5,906,940 WYTCH FARM 25,381 896,322 $ 5,852,983 AUDREY 24,352 859,983 $ 5,615,689 ETTRICK 23,798 840,418 $ 5,487,930 ANGLIA 23,736 838,229 $ 5,473,635 GUILLEMOT NW 23,733 838,123 $ 5,472,943 WOOD 23,719 837,629 $ 5,469,717 BRAE CENTRAL 23,341 824,280 $ 5,382,548 GANYMEDE 22,559 796,664 $ 5,202,216 BEINN 22,320 788,223 $ 5,147,096 FULMAR 22,137 781,761 $ 5,104,899 MONAN 22,093 780,207 $ 5,094,752 TERN 21,679 765,587 $ 4,999,283 GADWALL 21,625 763,680 $ 4,986,830 INDE SOUTH WEST 21,407 755,981 $ 4,936,556 GUILLEMOT A 21,002 741,679 $ 4,843,164 OTTER 20,145 711,414 $ 4,645,533 HERON 19,822 700,007 $ 4,571,046 HELVELLYN 19,150 676,276 $ 4,416,082 HEATHER {AND EXT} 18,801 663,951 $ 4,335,600 DONAN {MAERSK} 18,796 663,774 $ 4,334,444 GUINEVERE 18,671 659,360 $ 4,305,621 GARROW 18,191 642,409 $ 4,194,931 JANICE 17,972 634,675 $ 4,144,428 DAVY EAST 16,793 593,039 $ 3,872,545 CLEETON 16,099 568,531 $ 3,712,507 KYLE 15,372 542,857 $ 3,544,856 DAVY 15,064 531,980 $ 3,473,829 BOA 14,967 528,555 $ 3,451,464
  • 33.
    33 MARIA 14,962 528,378$ 3,450,308 MUNRO 14,754 521,033 $ 3,402,345 BRENDA 14,313 505,459 $ 3,300,647 GANNET C 14,086 497,442 $ 3,248,296 MORDRED 14,003 494,511 $ 3,229,157 TIFFANY 13,895 490,697 $ 3,204,251 BACCHUS 13,794 487,131 $ 3,180,965 KEITH 13,750 485,577 $ 3,170,818 WEST BRAE 13,298 469,614 $ 3,066,579 BIRCH 12,853 453,899 $ 2,963,960 DON SOUTH WEST 12,369 436,807 $ 2,852,350 DALTON 12,274 433,452 $ 2,830,442 ORION 11,518 406,754 $ 2,656,104 MALLARD 11,407 402,834 $ 2,630,506 TEAL 11,043 389,980 $ 2,546,569 BLACKBIRD 10,808 381,681 $ 2,492,377 SEAN EAST 10,676 377,019 $ 2,461,934 TULLICH 10,121 357,420 $ 2,333,953 TARTAN 9,981 352,476 $ 2,301,668 BOYLE 9,723 343,365 $ 2,242,173 TWEEDSMUIR 9,505 335,666 $ 2,191,899 BUCKLAND 9,241 326,343 $ 2,131,020 Ythan 9,099 321,328 $ 2,098,272 BROOM 9,097 321,258 $ 2,097,815 Godwin 9,053 319,704 $ 2,087,667 MERCURY 8,931 315,395 $ 2,059,529 MACCULLOCH 8,692 306,955 $ 2,004,416 HAMILTON NORTH 8,467 299,009 $ 1,952,529 BLANE 8,335 294,348 $ 1,922,092 GUILLEMOT W 8,171 288,556 $ 1,884,271 LYELL 8,117 286,649 $ 1,871,818 WINDERMERE 7,923 279,798 $ 1,827,081 LOCHRANZA 7,569 267,297 $ 1,745,449 ATHENA 7,235 255,502 $ 1,668,428 SINGLETON 7,139 252,121 $ 1,646,350 GROUSE 6,950 245,437 $ 1,602,704 WEST DON 6,156 217,397 $ 1,419,602 VANGUARD 6,098 215,349 $ 1,406,229 MARKHAM 5,789 204,437 $ 1,334,974 CORMORANT EAST 5,626 198,680 $ 1,297,380 TOPAZ 5,512 194,654 $ 1,271,091 VIXEN 5,483 193,630 $ 1,264,404 BUCHAN 5,481 193,560 $ 1,263,947 EIDER 5,312 187,592 $ 1,224,976 HAWKINS 5,309 187,486 $ 1,224,284 DUNLIN 5,201 183,672 $ 1,199,378 BOULTONH 5,034 177,774 $ 1,160,864 GANNET D 4,794 169,299 $ 1,105,522 NICOL 4,783 168,910 $ 1,102,982 AUK NORTH 4,774 168,592 $ 1,100,906 ARBROATH 4,630 163,507 $ 1,067,701 GAINSBOROUGH 4,417 155,985 $ 1,018,582
  • 34.
    34 Alma 4,005 141,435$ 923,571 CLYDE 3,970 140,199 $ 915,499 SAXON 3,782 133,560 $ 872,147 HUDSON 3,684 130,099 $ 849,546 LARCH 3,684 130,099 $ 849,546 Galia 3,481 122,930 $ 802,733 COLUMBA BD 3,399 120,035 $ 783,829 MAULE 3,373 119,116 $ 777,827 SYCAMORE 3,296 116,397 $ 760,072 BROWN 3,270 115,479 $ 754,078 CAUSEWAY 3,256 114,985 $ 750,852 DEVERON 3,212 113,431 $ 740,704 TETHYS 3,210 113,360 $ 740,241 PICT 3,201 113,042 $ 738,164 TONTO 2,872 101,424 $ 662,299 FIONN 2,842 100,364 $ 655,377 AUK 2,787 98,422 $ 642,696 PICKERING 2,719 96,021 $ 627,017 BRIGANTINED 2,637 93,125 $ 608,106 VALKYRIE 2,607 92,065 $ 601,184 GOOSANDER 2,076 73,313 $ 478,734 CLAPHAM 2,013 71,088 $ 464,205 KIRBY MISPERTON 1,970 69,570 $ 454,292 TYNE NORTH 1,872 66,109 $ 431,692 OSPREY 1,837 64,873 $ 423,621 SCAPA 1,623 57,316 $ 374,273 WELTON 1,537 54,279 $ 354,442 NESS 1,355 47,851 $ 312,467 Cladhan 1,338 47,251 $ 308,549 ROSS 1,282 45,273 $ 295,633 VISCOUNT 1,206 42,589 $ 278,106 JAMES 1,094 38,634 $ 252,280 MONTROSE 1,031 36,409 $ 237,751 BURGHLEY 1,008 35,597 $ 232,448 BARDOLINO 977 34,502 $ 225,298 FALCON 949 33,514 $ 218,846 WAVENEY 934 32,984 $ 215,386 HIGHLANDER 920 32,489 $ 212,153 DUART 898 31,713 $ 207,086 BLETCHINGLEY 635 22,425 $ 146,435 BALMORAL 622 21,966 $ 143,438 CONRIE 502 17,728 $ 115,764 DOUGLAS WEST 497 17,551 $ 114,608 MERLIN 456 16,103 $ 105,153 MEDWIN 455 16,068 $ 104,924 EUROPA 446 15,750 $ 102,848 COLUMBA E 428 15,115 $ 98,701 DUNLIN SOUTH WEST 402 14,196 $ 92,700 Soliaire 369 13,031 $ 85,092 ENOCH 367 12,960 $ 84,629 CURLEW C 344 12,148 $ 79,326 PELICAN 334 11,795 $ 77,021
  • 35.
    35 DOE GREEN 31711,195 $ 73,103 KEDDINGTON 311 10,983 $ 71,719 BECKINGHAM 281 9,923 $ 64,797 STIRLING 272 9,606 $ 62,727 STORRINGTON 248 8,758 $ 57,190 MARISHES 233 8,228 $ 53,729 PALMERS WOOD 209 7,381 $ 48,198 MIRREN 183 6,463 $ 42,203 LEVEN 182 6,427 $ 41,968 SCAMPTON NORTH 159 5,615 $ 36,666 HORNDEAN 157 5,544 $ 36,202 KESTREL 151 5,333 $ 34,824 COLD HANWORTH 146 5,156 $ 33,669 CARNOUSTIE 145 5,121 $ 33,440 GLENTWORTH 136 4,803 $ 31,364 BEAULY 128 4,520 $ 29,516 CROSBY WARREN 127 4,485 $ 29,287 CORRINGHAM 108 3,814 $ 24,905 ARKWRIGHT 99 3,496 $ 22,829 MALTON 95 3,355 $ 21,908 NETHAN 72 2,543 $ 16,606 STOCKBRIDGE 67 2,366 $ 15,450 REMPSTONE 63 2,225 $ 14,529 BOTHAMSALL 59 2,084 $ 13,609 LONG CLAWSON 44 1,554 $ 10,148 EAST GLENTWORTH 42 1,483 $ 9,684 WEST BECKINGHAM 39 1,377 $ 8,992 BRECHIN 31 1,095 $ 7,150 AVINGTON 24 848 $ 5,537 BEATRICE 17 600 $ 3,918 SOUTH LEVERTON 11 388 $ 2,534 STAINTON 11 388 $ 2,534 EGMANTON 6 212 $ 1,384 WAREHAM 6 212 $ 1,384 GOODWORTH 2 71 $ 464 DURANGO 1 35 $ 229 HAMILTON EAST 1 35 $ 229 46,532,701 1,643,286,838 $10,730,663,041
  • 36.
    36 2,812 2,568 1,769 1,617 1,139 1,082 1,056 903 868 866 849 836 784 767 714 671 633 627 611 596 UKCS Gas Outputby Field Top 20 Annual Total (MMCuM) 2015 Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
  • 37.
    37 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 Outputby 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
  • 38.
    38 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 Outputby 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
  • 39.
  • 40.
    40 Gas Production byCompany 2015 (Million Cubic Metres) Equity Holder Total MMm3 MM BTUs Value $ CENTRICA 6,678 235,831,344 $ 1,539,978,676 TOTAL E&P UK LTD 4,109 145,107,965 $ 947,555,011 SHELL U.K. LIMITED 3,666 129,463,568 $ 845,397,099 CONOCOPHILLIPS 3,363 118,763,224 $ 775,523,853 PERENCO UK LIMITED 3,191 112,689,101 $ 735,859,830 ESSO E & P UK LIMITED 3,179 112,265,325 $ 733,092,572 ENI UK LIMITED 2,894 102,200,645 $ 667,370,212 BG INTERNATIONAL LIMITED 2,476 87,439,115 $ 570,977,421 BP EXPLORATION 2,134 75,361,499 $ 492,110,588 INEOS UK SNS LIMITED 1,591 56,185,635 $ 366,892,197 CHEVRON NORTH SEA LIMITED 1,233 43,542,984 $ 284,335,686 SSE E&P UK LIMITED 1,056 37,292,288 $ 243,518,641 TAQA BRATANI LIMITED 984 34,749,632 $ 226,915,097 APACHE NORTH SEA LIMITED 945 33,372,360 $ 217,921,511 PREMIER OIL UK LIMITED 745 26,309,427 $ 171,800,558 CNR INTERNATIONAL (U.K.) LIMITED 709 25,038,099 $ 163,498,786 NEXEN PETROLEUM U.K. LIMITED 619 21,859,779 $ 142,744,357 DANA PETROLEUM (E&P) LIMITED 463 16,350,691 $ 106,770,012 IRANIAN OIL COMPANY (U.K.) LIMITED 451 15,926,915 $ 104,002,755 MAERSK OIL UK LIMITED 435 15,361,880 $ 100,313,076 Wintershall Noordzee 420 14,832,160 $ 96,854,005 MARATHON OIL U.K. LLC 332 11,724,469 $ 76,560,783 GDF SUEZ E&P UK LTD 331 11,689,155 $ 76,330,182 STERLING RESOURCES LTD 325 11,477,267 $ 74,946,554 BURLINGTON RESOURCES (IRISH SEA) LIMITED 322 11,371,323 $ 74,254,739 ENDEAVOUR ENERGY UK LIMITED 315 11,124,120 $ 72,640,504 TALISMAN SINOPEC N SEA LTD 268 9,464,331 $ 61,802,081 BAYERNGAS EUROPE LIMITED 251 8,863,981 $ 57,881,796 JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LTD 183 6,462,584 $ 42,200,674 TULLOW OIL SK LIMITED 181 6,391,955 $ 41,739,466 FAROE PETROLEUM (U.K.) LIMITED 174 6,144,752 $ 40,125,231 Gazprom Germania 170 6,003,493 $ 39,202,809 MITSUI E&P UK LIMITED 166 5,862,235 $ 38,280,395 HUMBLY GROVE ENERGY LIMITED 153 5,403,144 $ 35,282,530 EDISON E&P UK LTD 153 5,403,144 $ 35,282,530 SUNCOR ENERGY UK LIMITED 148 5,226,571 $ 34,129,509 XTO UK, LTD 132 4,661,536 $ 30,439,830 BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED 130 4,590,907 $ 29,978,623 Gas-Union 127 4,484,963 $ 29,286,808 MOL OPERATIONS UK LTD 122 4,308,389 $ 28,133,780 BOWLAND RESOURCES LIMITED 104 3,672,725 $ 23,982,894 SOJITZ ENERGY PROJECT LIMITED 99 3,496,152 $ 22,829,873 ENQUEST HEATHER LIMITED 97 3,425,523 $ 22,368,665 DYAS UK LIMITED 91 3,213,635 $ 20,985,037 ITHACA ENERGY (UK) LIMITED 89 3,143,005 $ 20,523,823 FIRST OIL EXPRO LIMITED 79 2,789,859 $ 18,217,779 SUMMIT EXPLORATION AND PRODUCTION LIMITED 63 2,224,824 $ 14,528,101 NSGP (ENSIGN) LIMITED 60 2,118,880 $ 13,836,286
  • 41.
    41 HANSA HYDROCARBONS LIMITED57 2,012,936 $ 13,144,472 SERICA ENERGY (UK) LIMITED 54 1,906,992 $ 12,452,658 WINGAS STORAGE UK LIMITED 51 1,801,048 $ 11,760,843 MARUBENI OIL & GAS (U.K.) LIMITED 49 1,730,419 $ 11,299,636 ALPHA PETROLEUM RESOURCES LIMITED 46 1,624,475 $ 10,607,822 OMV (U.K.) LIMITED 42 1,483,216 $ 9,685,400 TRANSWORLD PETROLEUM (U.K.) LIMITED 30 1,059,440 $ 6,918,143 IONA ENERGY COMPANY (UK) PLC 30 1,059,440 $ 6,918,143 VERUS PETROLEUM (SNS) LIMITED 25 882,867 $ 5,765,122 NORECO OIL (UK) LIMITED 21 741,608 $ 4,842,700 ZENNOR CNS LIMITED 18 635,664 $ 4,150,886 STATOIL (U.K.) LIMITED 17 600,349 $ 3,920,279 IDEMITSU PETROLEUM UK LTD. 14 494,405 $ 3,228,465 EGDON RESOURCES U.K. LIMITED 11 388,461 $ 2,536,650 ATLANTIC PETROLEUM NORTH SEA LIMITED 9 317,832 $ 2,075,443 CALENERGY GAS LIMITED 8 282,517 $ 1,844,836 FAIRFIELD BETULA/FAGUS LIMITED 6 211,888 $ 1,383,629 IGAS ENERGY plc 12 423,776 $ 2,767,257 ORANJE-NASSAU ENERGIE UK LIMITED 5 176,573 $ 1,153,022 THIRD ENERGY UK GAS LIMITED 5 176,573 $ 1,153,022 NOBLE ENERGY (OILEX) LIMITED 3 105,944 $ 691,814 Kuwait Foreign Petroleum Explorn Coy 3 105,944 $ 691,814 MCX DUNLIN (UK) LIMITED 2 70,629 $ 461,207 PARKMEAD (E&P) LIMITED 1 35,315 $ 230,607 SPIKE EXPLORATION UK LTD 1 35,315 $ 230,607 TRAP OIL LTD 1 35,315 $ 230,607 CIECO EXPLORATION AND PRODUCTION (UK) LIMITED 1 35,315 $ 230,607 RIGEL PETROLEUM (NI) LIMITED 1 35,315 $ 230,607 DART ENERGY LIMITED 1 35,315 $ 230,607 ZEUS PETROLEUM LIMITED 1 35,315 $ 230,607 EQ PETROLEUM SABAH LTD 1 35,315 $ 230,607 EOG RESOURCES UNITED KINGDOM LIMITED 1 35,315 $ 230,607 ECORP OIL & GAS UK LIMITED 1 35,315 $ 230,607 46,534 1,643,332,704 10,730,962,558
  • 42.
    42 6,678 4,109 3,666 3,363 3,191 3,179 2,894 2,476 2,134 1,591 1,233 1,056 984 945 745 709 619 463 451 435 UKCS Gas Outputby Company Top 20 Annual Total (MMCuM) 2015 Source: Adapted from DECCAnnual Dry+AssociatedGas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
  • 43.
    43 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 Outputby 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
  • 44.
    44 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 Outputby 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
  • 45.
  • 46.
    46 Change in AnnualUK Gas Production (MMCuM) Co Total Equity Holder (2015v2014) BP EXPLORATION 904 TOTAL E&P UK LTD 533 IRANIAN OIL COMPANY (U.K.) LIMITED 405 CNR INTERNATIONAL (U.K.) LIMITED 328 ENI UK LIMITED 295 CHEVRON NORTH SEA LIMITED 294 PERENCO UK LIMITED 291 SHELL U.K. LIMITED 223 INEOS UK SNS LIMITED 213 MAERSK OIL UK LIMITED 188 WINTERSHALL NOORDZEE 116 TALISMAN SINOPEC N SEA LTD 100 ENDEAVOUR ENERGY UK LIMITED 98 JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LTD 85 APACHE NORTH SEA LIMITED 79 DYAS UK LIMITED 54 SUNCOR ENERGY UK LIMITED 52 SSE E&P UK LIMITED 48 GAZPROM GERMANIA 47 SOJITZ ENERGY PROJECT LIMITED 37 BAYERNGAS EUROPE LIMITED 36 CONOCOPHILLIPS 35 Gas-Union 35 SUMMIT EXPLORATION AND PRODUCTION LIMITED 29 MOL OPERATIONS UK LTD 27 ITHACA ENERGY (UK) LIMITED 26 EDISON E&P UK LTD 24 ENQUEST HEATHER LIMITED 15 BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED 15 ALPHA PETROLEUM RESOURCES LIMITED 14 TRANSWORLD PETROLEUM (U.K.) LIMITED 13 MITSUI E&P UK LIMITED 13 MARUBENI OIL & GAS (U.K.) LIMITED 10 EGDON RESOURCES U.K. LIMITED 10 STATOIL (U.K.) LIMITED 6 ORANJE-NASSAU ENERGIE UK LIMITED 5 STERLING RESOURCES LTD 2 IDEMITSU PETROLEUM UK LTD. 2 DART ENERGY LIMITED 1 ECORP OIL & GAS UK LIMITED 1 EOG RESOURCES UNITED KINGDOM LIMITED 0 NORECO OIL (UK) LIMITED 0 IONA ENERGY COMPANY (UK) PLC 0
  • 47.
    47 NAUTICAL PETROLEUM LIMITED0 AURORA EXPLORATION 0 LIVERPOOL BAY LIMITED 0 ENTERPRISE OIL LIMITED 0 IS E&P Limited 0 Northern Petroleum 0 ALTWOOD PETROLEUM LIMITED 0 ANGUS ENERGY WEALD BASIN NO.3 LIMITED 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 ELSWICK POWER LIMITED 0 MONTROSE INDUSTRIES LIMITED 0 MOSAIC (TRISTAN) LIMITED 0 NOIL Energy ASA 0 ONSHORE PRODUCTION SERVICES LIMITED 0 SCOTTISHPOWER GENERATION LIMITED 0 SEVEN STAR NATURAL GAS LIMITED 0 WARWICK ENERGY LIMITED 0 YORKSHIRE EXPLORATION LIMITED 0 E.ON E&P UK LIMITED 0 BRIDGE ENERGY (SNS) LIMITED 0 UK OIL & GAS INVESTMENTS plc 0 NIPPON OIL 0 STAR ENERGY OIL & GAS LIMITED 0 EUROPA OIL & GAS LIMITED 0 TERRAIN ENERGY LIMITED 0 ALBA RESOURCES LIMITED 0 CALENERGY GAS LIMITED 0 EQ PETROLEUM SABAH LTD 0 RIGEL PETROLEUM (NI) LIMITED 0 ZEUS PETROLEUM LIMITED -1 CIECO EXPLORATION AND PRODUCTION (UK) LIMITED -1 Antrim Resources Limited -1 EUROIL EXPLORATION LIMITED -1 SPIKE EXPLORATION UK LTD -1 TRAP OIL LTD -1 NOBLE ENERGY (OILEX) LIMITED -1 ROC OIL (GB) LIMITED -1 ATLANTIC PETROLEUM NORTH SEA LIMITED -1
  • 48.
    48 PARKMEAD (E&P) LIMITED-1 Valiant Causeway Limited -2 MCX DUNLIN (UK) LIMITED -2 THIRD ENERGY UK GAS LIMITED -3 OMV (U.K.) LIMITED -5 VERUS PETROLEUM (SNS) LIMITED -10 IGAS ENERGY plc -4 MARATHON OIL U.K. LLC -12 DANA PETROLEUM (E&P) LIMITED -16 EDINBURGH OIL & GAS LIMITED -17 BOWLAND RESOURCES LIMITED -17 NSGP (ENSIGN) LIMITED -20 WINGAS STORAGE UK LIMITED -21 NEXEN PETROLEUM U.K. LIMITED -22 FAROE PETROLEUM (U.K.) LIMITED -36 HANSA HYDROCARBONS LIMITED -51 TULLOW OIL SK LIMITED -64 BURLINGTON RESOURCES (IRISH SEA) LIMITED -70 TAQA BRATANI LIMITED -76 HUMBLY GROVE ENERGY LIMITED -82 FIRST OIL EXPRO LIMITED -90 BG INTERNATIONAL LIMITED -127 ESSO E & P UK LIMITED -129 FAIRFIELD BETULA/FAGUS LIMITED -152 CENTRICA -181 PREMIER OIL UK LIMITED -218 GDF SUEZ E&P UK LTD -269
  • 49.
  • 50.
    50 831 674 504 452 310 305 241 201 199 165 154 153 144 129 123 110 100 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 Outputby Company Production Change in MMCuM 2014v2013 Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
  • 51.
  • 52.
    52 5) New Fields2015 The following fields were brought into production in 2015:  ALMA (EnQuest)  GALIA (EnQuest)  CLADHAN (Taqa Global)  ENOCHDHU(ConocoPhillips)  GODWIN (Talisman Sinopec)  PEREGRINE (Nexen)  SOLITAIRE (Nexen)  YTHAN (EnQuest) 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 Cygnus GDF Suez E&P 2016 2,555 Morrone Taqa Global 2016 148,920 Seymour BG Group 2016 Platypus Dana Petroleum 2016 276 Laggan/Tormore Total 2016 5,168 Alder Chevron 2016 372,300 1,124 Conwy EOG 2016 992,800 Stella Ithaca 2016 1,489,200 686 Aviat Apache 2016 0 95 Flyndre Maersk Group 2016 496,400 Solan Premier Oil 2016 1,191,360 Clair Ridge BP 2017 5,956,800 441 Barra Dana Petroleum 2017 992,800 Edradour Total 2017 0 36 Harris Dana Petroleum 2017 992,800 Crathes EnQuest 2017 248,200 Schiehallion BP 2017 6,453,200 913 Kraken EnQuest 2017 1,241,000 Kraken North EnQuest 2017 1,241,000 Scolty EnQuest 2017 248,200 Cawdor Maersk Group 2017 248,200 Orlando Verus Petroleum 2017 546,040 Catcher Premier Oil 2017 1,985,600 Burgman Premier Oil 2017 248,200
  • 53.
    53 Varadero Premier Oil2017 248,200 Cayley Talisman Sinopec 2017 0 1,045 Shaw Talisman Sinopec 2017 893,520 Callater Apache 2018 744,600 Mariner Statoil 2018 2,730,200 Blythe IOG 2018 0 153 Glenlivet Total 2018 0 44 Columbus Serica Energy 2019 52,600 181 Corona Apache 2019 248,200 Culzean Maersk Group 2019 2,555 Harrier Ithaca 2019 397,130 183 Mariner East Statoil 2019 1,042,440 Cheviot Alpha Petroleum 2020 1,241,000 511 Rosebank Chevron 2020 4,964,000 818 Lancaster Hurricane 2020 496,400 Bentley Xcite 2020 1,985,600 Utgard Statoil 2020 0 989 Perth Parkmead 2021 248,200 Dolphin Parkmead 2021 Lowlander Faroe 2021 Seagull Apache 2021 431,868 164 Vorlich BP 2021 212,459 62 Fyne Antrim Resources 2022 0 Erne Antrim Resources 2022 0 Fram Shell 2022 0 0 Athena Verus Petroleum 2022 0 0 Cairngorm Verus Petroleum 2022 0 Jackdaw BG Group 2022 0 2,555 Moth BG Group 2022 0 Arran Dana Petroleum 2022 361,876 912 Black Horse Nexen 2022 248,200 Cambo OMV 2022 248,200 Tornado OMV 2022 0 Courageous Maersk Group 2022 496,400 Brochel Maersk Group 2022 496,400 Crosgan Ineos 2022 0 0 Keplar Ineos 2022 0 0 Suilven BP 2022 496,400 Alligin BP 2022 248,200 Puffin Shell 2022 0 0 Whirlwind Hurricane 2022 248,200 Bressay Statoil 2022 1,985,600 Austen Ithaca 2022 194,092 227 Sillimanite Wintersall 2022 0 0 46,053,005 21,693
  • 54.
    54 GDF Suez hasdeveloped the Cygnus Field which will come onstream in 2016 and produce 5% of the UK’s gas at peak production of 250MM Cu ft per day. N.B. Possibly delayed until 2017. 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 Taqa Global developed the Morrone field, expected to produce 3,000 Boepd with first oil expected in the 3rd quarter of 2014 – there’s still no sign of it yet on DECC’s list of field start-ups. http://www.taqaglobal.com/media-centre/press-releases/2013/16-12-2013?sc_lang=en 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/ Total’s Laggan-Tormore development entered production in 2016 following completion of a new gas processing plant in Shetland. The fields will produce a small amount of condensate along with a very large amount of gas to be exported via the SIRGE system. Laggan/Tormore adds 5,168MMCuM per year to UK production. Dong & SSE each hold 20% stakes in Laggan Tormore. http://www.total.uk/en/home/media/list-news/total-starts-production-laggan-tormore-west-shetland http://www.offshore-technology.com/projects/laggan-tormore/ http://www.total-icop.co.uk/laggan_tormore/ http://www.laggan-tormore.com/ 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 EOG’s Conwy field is situated in the Liverpool Bay area and is tied back to the Douglas platform. EOG state production commenced March 2016. Listed on DECC/OGA start-up spreadsheet 2016. http://investors.eogresources.com/Presentations-and-Events http://investors.eogresources.com/download/EOG_0516.pdf Ithaca’s Greater Stella Area Project has made progress with the Floating Production Facility FPF-1 leaving the Remontowa shipyard prior to installation. Production is scheduled to commence in September 2016. http://www.ithacaenergy.com/media/news/gsa-update-0 https://www.energyvoice.com/oilandgas/north-sea/115237/ithacas-fpf-1-gets-green-light-travel- greater-stella- development/?utm_source=Sailthru&utm_medium=email&utm_campaign=EV%20Daily%20Newslet ter%202016-07-22&utm_term=Energy%20Voice%20-%20Newsletter Apache commenced production from its Aviat gas field in June 2016. This development is to provide feed gas for Forties replacing diesel to extend field life whilst reducing cost. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/535620/Field_Start- Ups_in_2016_to_date__July_2016_.pdf Maersk Group is 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/
  • 55.
    55 http://www.offshore-mag.com/articles/2014/05/clyde-platform-to-host-north-sea-flyndre-cawdor- development.html Premier Oil developedthe Solan Field and commenced production in April 2016 aiming for 24,000 boe p/d output. Premier bought out co-venturer Chrysaor’s 40% with payment 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 BP is 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 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 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/ Total’s Edradour Field Development is proceeding West of Shetland with the aim being to tie in to the Laggan/Tormore infrastructure which is now in place and operational. Dong holds a 25% interest. http://www.heraldscotland.com/business/13168386.Total_to_proceed_with_the_Edradour_gas_fie ld/ EnQuest’s Scolty/Crathes Field Development proceeds apace with future production tied back to the Kittiwake infrastructure. The Crathes well exceeded projections and was on time and under budget. http://www.enquest.com/media-centre/press-releases/2016/19-05-2016.aspx BP’s Schiehallion Field West of Shetland will re-start production in 2017. The new KBR-designed Glen Lyon FPSO is in situ with 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 http://www.bp.com/en/global/corporate/press/press-releases/new-glen-lyon-fpso-sets-sail-for-west-of- shetland.html EnQuest’s Kraken and Kraken North developments are both 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 http://www.enquest.com/~/media/Files/E/Enquest/2015%20FYR_docs/FYR2015Final.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.
  • 56.
    56 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 Verus Petroleum (100%)has taken over Spike, who’ve taken over Bridge who’ve taken over Iona Energy (75%) and Atlantic Energy’s (25%) Orlando Field following Iona’s collapse, targeting output of 11,000 bpd tied back to Ninian. No update on a 2017 start has been seen. Perhaps there’s no time with all the deal-making? http://www.ionaenergy.com/operations/orlando http://www.ionaenergy.com/investor-relations/presentations/ http://www.bbc.co.uk/news/uk-scotland-scotland-business-24109614 https://www.energyvoice.com/oilandgas/66058/north-sea-new-wave-player-verus-makes-debut/ https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=714832&lang=en http://www.petroleum.fo/Default.aspx?pageid=19987 http://www.energy-pedia.com/news/united-kingdom/atlantic-petroleum-sells-orlando-field-interest-to- bridge-petroleum-167693 Premier Oil will bring its Catcher development online in 2017. As well as adding 40,000 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 http://www.premier-oil.com/premieroil/operations/uk Premier Oil will bring its Burgman well online in 2017 adding 5,000 barrels per day to UKCS output. http://www.premier-oil.com/premieroil/operations/uk Premier Oil will bring its Varadero well online in 2017 adding 5,000 barrels per day to UKCS output. http://www.premier-oil.com/premieroil/operations/uk Repsol Sinopec is bringing the Cayley (gas) and Shaw (oil) fields into production in 2017 at an anticipated rate of 15,000 Boepd for each part of the field. The Montrose Area re-development jacket was installed in 2015 with the topsides leaving Heerema’s Zwinjdrecht yard in April 2016: http://www.talisman-sinopec.com/en/news/accommodation-vessel-arrives-at-mar/ http://www.ogj.com/articles/2016/04/new-montrose-platform-topsides-leaves-yard.html Apache’s Callater Field development is under way in the Beryl area targeting 15,000 bpd by 2018. http://www.apachecorp.com/Operations/UK_North_Sea/NewsAndArticles/Beryl_Field_celebrates_40 _years/index.aspx Statoil will bring the Mariner Field online in 2018. 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/NewsAndMedia/News/2012/Pages/21Dec_Mariner.aspx 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 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
  • 57.
    57 IOG has purchasedthe half of the Blythe Field development block it didn’t own and is working on the production of a Field Development Plan in 2016 http://independentoilandgas.com/blythe.html http://independentoilandgas.com/news_detail.php?recordID=94 Total (80%) is developing the Glenlivet Field which will tie in to the Shetland processing plant developed for Laggan/Tormore. Dong holds the remaining 20%. Target is 21,000 boe per day. http://www.subseaiq.com/data/Project.aspx?project_id=516 http://www.ogj.com/articles/2014/10/total-to-develop-glenlivet-gas-field-off-uk.html http://www.total.uk/en/home/media/list-news/uk-government-approves-field-development-plans- totals-edradourglenlivet-project 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 http://www.serica-energy.com/columbus.php Apache is working on the Corona Field with an estimated start-up in 2019. The estimate is between 5,000 and 10,000 bpd. http://www.oedigital.com/technology/safety-security/item/12255-apache-moves-on-callater- investment Maersk is proceeding with 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 Ithaca is working on the Harrier development with a plan to enter production in 2016. I’ve stuck it in 2019. http://www.ithacaenergy.com/media/news/greater-stella-area-development-concept-select https://ca.finance.yahoo.com/news/Ithaca-Energy-Inc-Greater-marketwire-2019147670.html 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 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 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. Target is still to produce 100,000 barrels per day and to process 80MM Cuft/day. Exactly when, no-one knows. http://www.chevronunitedkingdom.com/our-businesses/operated-assets/rosebank/ Hurricane Energy’s Lancaster Field is one of the most promising West of Shetland developments of recent years. Hurricane suspended plans to farm out the development when it became clear they could
  • 58.
    58 raise finance themselvesthrough a share placement. Hurricane is one of few emerging firms able to access funds in volume at this time. https://www.hurricaneenergy.com/assets/Documents/ConceptualisingnewInfrastructureHubWoSPDF. pdf?1432150035 http://www.edisoninvestmentresearch.com/downloadpdf/14493/702 http://www.offshoreenergytoday.com/hurricane-energy-raises-cash-for-lancaster-drilling-first-oil-in- 2019/ Xcite Energy’s Bentley Field Development remains under huge pressure due to the oil price. Securing investor cash flow is key. Xcite needs to secure funding before their license expires. An investor with cash to farm-in is needed quickly. http://www.xcite-energy.com/assets/bentley http://www.xcite-energy.com/investors/presentations-and-documents/agm-2016-presentation http://www.xcite-energy.com/investors/presentations-and-documents/agm-2015-presentation Statoil has bought out its UK partners in the Utgard Field which lies across the UK/Norway border in the North Sea. This gas & condensate development will tie back to Sleipner in the Norwegian sector. A Final Investment Decision (FID) is expected before the end of 2016. Production will start in 2020. http://www.ogj.com/articles/2016/06/statoil-moves-toward-utgard-development.html http://www.statoil.com/en/NewsAndMedia/News/2016/Pages/03jun-utgard.aspx http://www.statoil.com/en/NewsAndMedia/News/2016/Pages/28Jun_utgardtransaction.aspx Parkmead is looking to develop the Perth oilfield by 2021. It will produce a Field Development Plan incorporating Perth and neighbouring Dolphin (Parkmead) and Lowlander (Faroe) prospects in one FDP for better economies of scale in line with Wood Review recommendations. http://www.parkmeadgroup.com/uploaded/financial/Interim_Results_for_the_six- month_period_ended_31_December_2015.pdf http://www.offshoreenergytoday.com/parkmead-faroe-in-talks-for-joint-fpso-use-in-north-sea/ BP is involved in some of the largest projects currently under development. Further out in the future is the Vorlich Field development. A test well flowed at 5,350 bpd in 2014. FDP by yr end 2016. http://www.bp.com/en/global/corporate/press/press-releases/gdf-suez-and-bp-discover-new-central- north-sea-field.html http://www.woodgroupfrontier.com/case-studies/field-development-options-study.pdf Antrim Resources has stopped developing the Fyne and Erne Fields where it hoped to produce 4,000 bpd. Wells have been plugged and abandoned. Antrim is looking to relinquish & perhaps to re-apply for the license. http://www.antrimenergy.com/files/Antrim_2014_Annual_Report_-_Final.pdf http://antrimenergy.com/files/Antrim_2015_Annual_Report_-_Final_220416.pdf Shell Exploration & Production have postponed development of their Fram prospect following disappointing initial drilling results in 2013. The FPSO was cancelled. There’s been no comment from Shell since 2013. Perhaps pressure in the well dissipated swiftly leaving no option but abandonment? http://www.shell.co.uk/media/2013-media-releases/reassess-development-of-fram-field-in-north- sea.html http://www.devex- conference.org/pdf/Presentations_2012/Fram_FDP_DEVEX2012FINAL9_5_12.pdf Verus Petroleum, EnQuest and KUFPEC from Kuwait are looking to bring forward the Cairngorm Field by 2022. With EnQuest tied up with Kraken following Alma/Galia progress has been slow. http://www.kufpec.com/Reports/KUFPEC%20Annual%20Reports/Annual%20Report%202014.pdf.p df http://www.kufpec.com/Operations/Pages/EMEA.aspx#myAnchor
  • 59.
    59 BG group arelooking to develop their Jackdaw prospect by 2022. A Final Investment Decision (FID) was expected to be made in 2017. What the impact of the Shell takeover will be remains to be seen. http://bg-group.com/343/where-we-work/uk/ http://files.the-group.net/library/bggroup/country_data/downloads/country_uk.pdf Dana Petroleum hoped to bring the Arran Field onstream by 2022. It suffered a major setback when BG cancelled its plan for a Bridge Linked Platform (BLP) for the neighbouring Lomond Field which Dana had hoped to tie in to. No mention of Arran remains on the Dana website. https://itportal.decc.gov.uk/eng/fox/path/PATH_REPORTS/current- projects?PATH_OPERATOR_ID=109 http://www.offshoreenergytoday.com/bg-wont-build-lomond-blp/ Nexen, the biggest oil producer on the UKCS was seeking to develop their Black Horse prospect by 2022. Seismic on the Black Horse extension was inconclusive and plans seem to have slowed. The 2008 appraisal well on Black Horse flowed through a restricted choke at 5,248 barrels per day. http://www.subseaiq.com/data/PrintProject.aspx?project_id=967 OMV has secured acreage West of Shetland including the Cambo oil & gas prospect from Hess. No details of a Field Development Plan or a start date could be found. https://itportal.decc.gov.uk/pathfinder/discoveriesindex.html http://www.offshore-mag.com/articles/2014/03/shetland-deal-increases-omv-s-stake-in-cambo.html OMV also purchased a stake in the Tornado gas prospect. Again no signs of progress were seen. https://itportal.decc.gov.uk/pathfinder/discoveriesindex.html http://www.offshore-mag.com/articles/2014/03/shetland-deal-increases-omv-s-stake-in-cambo.html Maersk has the Courageous Field down for future development along with a sister field Brochel. https://itportal.decc.gov.uk/pathfinder/discoveriesindex.html Crosgan is a project being developed by Ineos (75%) the operators of the Grangemouth Refinery in Scotland. Sterling Resources (25%) is their partner on this project. http://www.sterling-resources.com/ Keplar is also being developed in association with Sterling Resources. Sterling secured an adjoining block in the 26th Offshore Licensing Round. http://www.offshoreenergytoday.com/sterling-resources-successful-in-uk-26th-offshore-licensing- round-awards/ BP identified Suilven as a field for future development West of Shetland. There has been no update from BP on this project for several years possibly due to work at Clair and Schiehallion. http://www.subseaiq.com/data/Project.aspx?project_id=1829 BP still has Alligin as a major project on its Form 20-F in 2014 (Page 26). Now Clair and Schiehallion are reaching completion this may well gain more attention. http://www.bp.com/content/dam/bp/pdf/investors/bp-annual-report-and-form-20f-2014.pdf Shell has the Puffin Field down as a future development. The Fram Field Development Plan (FDP) shows various wells have been drilled in and around Puffin which seems to have a complex structure and is part oil, part gas and part condensate in a difficult to drill prospect. http://www.devex- conference.org/pdf/Presentations_2012/Fram_FDP_DEVEX2012FINAL9_5_12.pdf Hurricane Energy’s Whirlwind prospect will proceed to sanction after the completion of Lancaster. No flow rate has been reported from the test well drilled. A minimal 5,000 bpd is shown. https://www.hurricaneenergy.com/Operations/HurricaneAssets/WhirlwindBasementDiscovery/
  • 60.
    60 Statoil’s Bressay developmentis in the process of being re-engineered in an effort to reduce the capital cost. Statoil don’t intend to proceed at present and a platform order was cancelled 31/7/16. http://www.statoil.com/en/About/Worldwide/UnitedKingdom/UKUpstream/Pages/Bressay.aspx Wintersall has the Sillimanite Field under development. Tie-back should be to Wintersall’s Wingate infrastructure which lies just to the South. https://itportal.decc.gov.uk/eng/fox/path/PATH_REPORTS/current-projects https://itportal.decc.gov.uk/web_files/ems/2012/Wintershall-ems.pdf Not Proceeding Taqa Global’s Darwin development appears to have been dropped following the drilling of a dry well 211/27e-13. Fairfield Energy had 50% of Darwin. Riverstone Holdings were big investors in Fairfield prior to the well being drilled. Two further wells didn’t result in a decision to proceed. http://www.fairfield-energy.com/pages/view/darwin http://www.dundasconsultants.com/files/docs/case-studies/Darwin_Development_Study.pdf Premier Oil’s Ptarmigan a single well development 15/29a-15 - appears to have been plugged and abandoned. Premier Oil publications focus on other developments. http://www.premier-oil.com/premieroil/operations/global-licence-interests http://www.seafish.org/media/1487961/issue_02_oil_gas_email.pdf ENI’s Deborah Field is a gas storage conversion of a depleted gas producing field. Consented in 2011, it is reckoned the facility would be able to store 4.6 BnCuM when full. ENI did not make a Final Investment Decision and never proceeded to develop the field. http://abarrelfull.wikidot.com/deborah-gas-field http://utilityweek.co.uk/news/why-do-consented-gas-storage-projects-still-struggle-to-get- financed/1140372#.V6CvuhKMVHs Independent Oil & Gas has acquired the Vulcan Satellite Fields from Verus Petroleum just as we were going to press. Vulcan East seemed to have dropped out of contention for development following the re-structuring of the old Bridge Energy A/S. IOG intends to produce a Field Development Plan and will seek to bring Vulcan East, North West and South forward. https://www.energyvoice.com/oilandgas/66058/north-sea-new-wave-player-verus-makes-debut/ http://www.oedigital.com/component/k2/item/12698-iog-acquires-vulcan-fields 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. There is no Field Development Plan in place. 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 https://itportal.decc.gov.uk/eng/fox/path/PATH_REPORTS/current- projects?PATH_OPERATOR_ID=94
  • 61.
    61 DECC & OGAContacts Digest of United Kingdom Energy Statistics DUKES contacts: Upstream Oil DUKES Shyam Lakhani Telephone: +44 (0) 300 068 6865 Energy Trends Oil natalie.cartwright@decc.gsi.gov.uk 0300 068 5260 Gas matthew.curds@decc.gsi.gov.uk 0300 068 8414 Petroleum Licensing Mike Hawkins tel: 0300 068 6038 mike.hawkins@oga.gsi.gov.uk Tracy Selby Telephone: 0300 068 6050 Email: tracy.selby@oga.gsi.gov.uk 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 Oil discharged with produced water Email: offshore.inspectorate@decc.gsi.gov.uk Telephone +44 (0) 1224 254138 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: 0300 020 1041 Joy Gray Telephone: 0300 067 1614 Field Approvals and Field Start-ups John Webber Telephone: 0300 020 1041 Field and Pipeline Decommissioning claire.grant@oga.gsi.gov.uk on 01224 254034 claire.thomson@decc.gsi.gov.uk Guidance on upstream oil and gas infrastructure access dispute resolution Robert White Email: robert.a.white@oga.gsi.gov.uk Telephone: 0300 068 6056 Environmental and Emissions Monitoring System (EEMS) The main EEMS help desk is maintained by Collabro: email: eems@collabro.co.uk tel: 01224 853453 fax: 01224 853429 Gwen Moran at gwen.moran@collabro.co.uk or 01224 853423
  • 62.
    62 7) Declining Outputand De-commissioning Until this year Oil Output on the UKCS had been declining since 1999. Gas output also dropped from its peak in the year 2000 until 2013, it increased in 2014 and is again up in 2015. Oil output is not expected to rise in 2016 but is about to take off again with the addition of Clair Ridge, Schiehallion (Quad 204) and Mariner in 2017. 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 rose in 2015. Whilst 2016 isn’t expected to show a big rise, the position for the following years looks likely to show the significant increment 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 increasing rate rather than slowing 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”. -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 2015 North Sea Oil Change in Output Annual Percentage Change 1980 - 2015 Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June 2016 https://itportal.decc.gov.uk/pprs/full_production.htm
  • 63.
    63 For me, whatwe 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. 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 five years showing figures in excess of this. There has been: 2012 Calendar Year 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 near the end of the year helped the decline in production fall to the lowest seen since 2007. Production was predicted to rise in 2015 for the first time since 1999. 2015 Calendar Year The prediction made last year that output would be up in 2015 was borne out. Golden Eagle and Kinnoull providing a full year’s output added over 3,000,000 Tonnes in the year. Boosts in output from Balloch and Buzzard also helped as did the Gannets, Pierce and Shearwater. New fields Peregrine, Ythan and Enochdhu also helped output to soar. On the downside, Jasmine saw a big drop in output in 2015. We won’t see as much progress in 2016 but output will soar again in 2017 & 2018. Restoration of output from Schiehallion, the arrival of Clair Ridge, Mariner and Kraken in the coming years will paint a very different picture. What has been the position with gas output? 2012 Calendar Year 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. -40% -20% 0% 20% 40% 60% 80% 100% 120% 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 North Sea Gas Change in Output Annual Percentage Change 1980 - 2015 Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://www.og.decc.gov.uk/pprs/full_production.htm
  • 64.
    64 2013 Calendar Year Thisyear 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. 2015 Calendar Year West Franklin, Rhum, Shearwater and Brodgar all added significantly to output in 2015. Jasmine and Morecambe South posted large declines. The gains outstripped the losses. In 2016 we’ll see the arrival of Laggan/Tormore providing a significant boost to gas supply, with Cygnus following in 2017. Conclusions The unplanned outages which have plagued the industry in recent times have started to reverse with West Franklin and Shearwater boosting output in 2015. Output has started to rise as work to restore and indeed to improve levels of production nears completion. Gas output improved in 2015. There will be an increase in output in 2016 from Laggan/Tormore coming onstream, but Engie’s Cygnus field is delayed and Centrica warns that the Rough Storage facility needs maintenance and will not be operating anywhere near the level seen in recent years. As Rough Storage keep the UK’s lights on in the winter this presents a significant risk for UK plc. Predicting Future Oil Output Our analysis 2016 2017 2018 2019 2020 2021 2022 Oil Output k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes Baseline 44,314 42,039 46,057 57,704 52,342 50,127 51,332 Depletion 4,431 4,204 4,606 5,770 5,234 5,013 5,133 39,883 37,835 41,451 51,934 47,108 45,114 46,199 New Fields 2,820 8,645 17,550 3,041 3,475 6,739 1,924 Depletion 664 423 1,297 2,633 456 521 1,011 Prediction 42,039 46,057 57,704 52,342 50,127 51,332 45,156 Source: Author’s own calculations adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June 2016 https://www.og.decc.gov.uk/pprs/full_production.htm If we start off from the 2015 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 output in 2018 will be over 50% higher than it was in 2014 (37,378k Tonnes). OGUK 2016 2017 2018 2019 2020 2021 2022 Oil Output k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes Baseline 44,314 45,333 47,146 50,222 47,146 44,314 39,883 Depletion 1,137 6,409 13,177 3,484 5,851 10,649 4,901 43,177 38,924 33,969 46,738 41,295 33,665 34,982 New Fields 2,820 8,645 17,969 3,041 3,475 6,739 1,924 Depletion 664 423 1,297 2,633 456 521 1,011 Prediction 45,333 47,146 50,222 47,146 44,314 39,883 35,895 Source: Author’s own interpretation of Oil & Gas UK’s “Activity Survey 2016” http://oilandgasuk.co.uk/activitysurvey.cfm
  • 65.
    65 Oil & GasUK’s 2016 Activity Survey predicts a rise of 13.3% in output by 2018. They looked at oil & gas together & gave figures of approx 1.5MM Boepd in 2014 rising to 1.7MM Boepd in 2018 in their “Central Case” scenario. Under their “Worst Case” output would rise from 1.5MM Boepd to 1.55MM Boepd, an increase of 3.33%. 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 2016 and 2018 the factor for declining production in existing fields has to climb from 10% to 27.9% by 2018 – the figure of 13,177 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 remains positively sunny. DECC’s projection from last year is shown below. It saw no upturn coming and predicted a much worse decline than it had suggested in 2014. I didn’t agree. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/287001/production_projections.pdf DECC has, reluctantly, had to accept that output rose in 2015. They predict a small fall in 2016 which I’d accept is possible and then a tiny rise in 2017 and 2018 which seems astonishingly pessimistic. DECC is saying that Schiehallion, Clair Ridge, Mariner, Kraken, Greater Stella Area, Cygnus and Catcher will add nothing to output. The truth will out. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/503852/OGA_production_projections_- _February_2016.pdf
  • 66.
    66 2016 2017 20182019 2020 2021 2022 DECC k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes Baseline 44,314 42,314 42,814 43,314 41,314 38,314 36,268 Depletion 4,156 7,722 16,172 2,408 6,019 8,264 1,917 40,158 34,592 26,642 40,906 35,295 30,050 34,351 New Fields 2,820 8,645 17,969 3,041 3,475 6,739 1,924 Depletion 664 423 1,297 2,633 456 521 1,011 Prediction 42,314 42,814 43,314 41,314 38,314 36,268 35,264 Source: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/503852/OGA_production_projections_- _February_2016.pdf Note: excludes NGL output added to DECC Oil production charts & figures manually by DECC. DECC’s “UKCS Oil and Gas Production Projections” March 2015 page 1 made the farcical suggestion that output would fall in 2015. Oil rose by 19% and Gas by 7% according to DECC’s own numbers. DECC continues to look for a decline over the next few years oblivious to the fields about to come onstream. The decline in output from existing fields needs to increase from a normal rate of perhaps 10% to as high as 18.25% in 2017 and to over 37.8% in 2018. This isn’t conceivable or possible. In our final year the opposite is the case. The natural rate of depletion has to fall in 2022 to 5.29% 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 2016 2017 2018 2019 2020 2021 2022 k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes Baseline 46,532,701 42,965,796 45,475,512 40,688,569 36,402,650 34,671,311 31,874,764 Depletion 5,583,924 5,155,896 5,457,061 4,882,628 4,368,318 4,160,557 3,824,972 40,948,777 37,809,900 40,018,451 35,805,941 32,034,332 30,510,754 28,049,792 New Fields 2,476,094 8,037,026 1,875,672 878,060 2,768,688 1,779,313 989,750 Depletion 459,075 371,414 1,205,554 281,351 131,709 415,303 266,897 Prediction 42,965,796 45,475,512 40,688,569 36,402,650 34,671,311 31,874,764 28,772,645 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. An attempt is made above to put what information there is into a table. I’d expect a dip in 2016 due to delays in Cygnus. Laggan/Tormore will provide a bigger than anticipated boost so the decline may be smaller than shown. Centrica’s difficulties and potential outage at Rough Storage could in turn make it worse.
  • 67.
    67 Overall Conclusions Let’s lookat the positives first. Laggan/Tormore has come onstream and will give a significant boost to gas output. Aviat will help Apache maintain output at Forties. Solan and Conwy will lift oil production in 2016. But 2016 won’t be a year like 2015. On the downside, Cygnus has been delayed again and won’t now start production until 2017. Rough Storage appears to need major works which will start before Cygnus comes online posing a real threat to gas and electricity supplies were the winter to prove harsh. The following year 2017 will see a significant increase in output if we avoid unplanned outages. The arrival of Schiehallion, Clair Ridge, Kraken and Mariner will boost production and give a much needed boost to corporate cash flows which have been under strain since the oil price crashed. 2017 is the year when the repletion commences. In terms of the market, prices remain low, well below the boom times of recent years. The reasons for this are many but I’ll highlight a few: Firstly, there has been massive rightward shift in the supply curve as a result of fracking and enhanced oil recovery. Much more oil is available to meet demand than was expected. Historical patterns of decline have slowed and in Texas and elsewhere they have been reversed. You can increase production from old wells! Who’d have thought it? Secondly, the cost of production has fallen. Initially this was a gradual decline, but the collapse in prices speeded things up. Costs have been stripped out. In an industry heavily dependent on expensive people this cost reduction has been at the expense of the industry’s workforce. They are the real losers here. Thirdly, efficiency gains in engine technology often arising from the Directives those terrible Eurocrats we all-used-to-hate-but-now-are-starting-to-appreciate-a-bit-more did reduce the demand for fuel. Fourthly, demand hasn’t increased as expected, growth has slowed in China and India and Brazil. The world again hovers on the brink of recession and the Eurozone economies were forced by their lenders to go into recession and reverse the growth pattern they’d been on. What about the future? Endogenous Factors include the threats from a resumption of US drilling the minute oil hits $50 we’ll be back to “drill baby drill”, and hence to the Exploration side of the UK business. Wildcat wells will be few and far between. Development drilling on existing fields will be much more likely. Risk taking in a low price scenario won’t be the norm. OGA’s support for the seismic sector is good policy. Exogenous Factors are the problem. We can’t control idiocy in the IMF. We also have to recognise that the world is warming. Boosting carbon sinks through mass tree planting might be a way to burnish our green credentials and help limit the growth in temperature. Total under Patrick Pouyanné is seeking to diversify and prepare for the changes ahead. Perhaps more businesses need to follow their lead?
  • 68.
    68 8) Company Turnover& Taxation Company Turnover 2014 2013 2012 2011 2010 £m £m £m £m £m SHELL U.K. LIMITED 6,713,000,000 7,905,000,000 9,070,000,000 11,811,000,000 10,328,000,000 CONOCOPHILLIPS (U.K.) LIMITED 4,822,100,000 8,205,300,000 15,939,000,000 35,878,700,000 28,742,400,000 NEXEN PETROLEUM U.K. LIMITED 2,562,301,265 2,658,644,046 2,210,583,348 2,089,841,229 1,735,083,441 Gas-Union Gmbh 2,043,351,629 1,984,899,505 1,449,372,987 MURPHY PETROLEUM LIMITED 1,865,149,000 3,894,120,000 4,173,345,000 3,960,875,000 2,135,734,000 TAQA BRATANI 1,355,060,233 1,173,280,149 1,093,195,424 1,083,629,708 740,979,930 BP EXPLORATION OPERATING COMPANY LIMITED 1,339,562,290 1,635,015,515 1,964,198,657 2,442,769,733 2,611,805,229 ESSO E & P UK LIMITED 1,192,000,000 1,413,000,000 1,329,000,000 1,837,000,000 1,976,000,000 BG INTERNATIONAL LTD 1,054,000,000 762,000,000 815,000,000 1,101,000,000 1,170,000,000 SUNCOR ENERGY UK LIMITED 1,028,630,000 1,339,988,000 1,177,936,000 1,236,947,000 1,260,924,000 APACHE NORTH SEA LIMITED 1,010,317,186 1,265,883,634 1,166,932,014 1,288,369,585 985,872,022 TOTAL E&P UK LIMITED 854,817,000 1,460,536,000 1,313,704,000 1,548,789,000 1,519,595,000 CHEVRON NORTH SEA LIMITED 824,900,000 1,169,800,000 1,467,300,000 1,735,600,000 1,474,700,000 REPSOL SINOPEC RESOURCES UK LIMITED 782,372,087 937,746,749 1,254,921,331 1,848,000,642 565,523,000 MAERSK OIL NORTH SEA UK LIMITED 754,803,309 610,065,130 369,727,343 481,603,598 701,827,923 PERENCO UK LIMITED 702,564,000 1,051,227,000 585,499,000 348,791,000 245,967,000 ENQUEST HEATHER LIMITED 609,530,600 603,824,520 89,158,459 127,887,795 86,110,595 STATOIL (U.K.) LIMITED 601,572,000 755,214,000 813,505,000 774,389,000 551,283,000 PREMIER OIL UK LIMITED 509,336,686 338,716,140 276,456,039 163,705,017 274,350,574 ENTERPRISE OIL LIMITED 430,400,000 366,900,000 497,000,000 617,700,000 445,200,000 CENTRICA RESOURCES LIMITED 424,873,000 695,573,000 482,601,000 500,565,000 435,824,000 E. F. OIL AND GAS LIMITED 379,050,000 262,058,000 366,013,000 1,058,751,000 857,470,000 CNR INTERNATIONAL (U.K.) LIMITED 371,850,000 430,746,000 525,117,000 720,046,000 626,408,000 DANA PETROLEUM (E&P) LIMITED 343,068,000 502,767,000 592,820,000 504,816,000 293,133,000 ENI UK LIMITED 280,712,000 663,733,000 403,950,000 463,490,000 605,621,000
  • 69.
    69 SSE E&P UKLimited 263,500,000 118,100,000 102,300,000 15,800,000 MARATHON OIL U.K. LLC 240,861,536 296,800,700 430,234,130 533,278,906 366,023,448 INEOS UK SNS LIMITED 232,891,000 145,455,000 109,047,000 112,035,000 121,660,000 JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LTD 226,426,089 108,571,000 138,006,000 209,784,000 177,295,000 ENDEAVOUR ENERGY UK LIMITED 205,958,936 210,461,478 126,298,326 25,427,938 28,601,152 PREMIER OIL E&P UK LIMITED 204,090,000 166,379,000 94,398,000 214,783,000 231,231,000 BRITOIL 190,938,419 559,082,327 1,038,064,247 756,434,950 702,124,590 ENI ELGIN/FRANKLIN LIMITED 180,234,000 142,821,000 117,613,000 500,865,000 386,571,000 DYAS EOG LIMITED 176,913,000 236,781,000 207,137,000 183,496,000 164,764,000 MAERSK OIL UK LIMITED 166,949,329 161,492,771 216,737,597 237,358,818 180,432,426 ITHACA ENERGY (UK) LIMITED 154,418,697 149,401,862 97,283,305 77,592,581 83,889,613 ENGIE E&P UK LTD 153,287,000 78,568,000 70,257,000 83,416,000 102,530,000 CENTRICA NORTH SEA OIL LIMITED 151,897,000 193,535,000 282,861,000 253,999,000 273,303,000 MITSUI E&P UK LIMITED 111,516,545 82,481,383 35,533,921 ENI ULX LIMITED 110,290,093 115,437,834 133,313,592 207,649,559 153,500,000 Tullow Oil SK Limited 93,644,000 149,152,396 140,244,873 169,469,155 140,393,451 Liverpool Bay Limited 89,713,382 FAIRFIELD BETULA LIMITED 83,794,546 95,038,234 46,681,984 62,662,950 96,882,497 FIRST OIL AND GAS LIMITED 78,042,000 275,000 TRANSWORLD PETROLEUM (U.K.) LIMITED 76,974,979 58,218,986 131,729,543 156,355,927 159,160,000 Burlington Resources (Irish Sea) Limited 68,813,000 34,371,000 124,386,000 138,241,000 102,273,000 NORECO OIL (UK) LIMITED 66,314,965 44,612,009 FIRST OIL EXPRO LIMITED 60,076,000 93,756,000 53,223,000 72,142,000 60,860,000 ARCO BRITISH LIMITED, LLC 59,593,746 51,183,519 290,954,893 362,685,517 295,088,405 Igas Energy plc 58,160,000 75,917,000 68,304,000 22,120,000 656,000 IDEMITSU PETROLEUM UK LTD. 57,098,560 67,222,072 78,024,118 84,477,862 75,803,723 IONA UK HUNTINGTON LIMITED 56,438,713 35,705,354 ENI AEP LIMITED 51,359,000 62,854,000 82,182,000 95,387,000 97,175,000 Edison E&P UK Limited 47,552,291 58,023,139 40,470,591 83,340,312 107,266,982
  • 70.
    70 SHELL EP OFFSHOREVENTURES LIMITED 45,900,000 150,900,000 201,400,000 277,100,000 168,000,000 DYAS UK LIMITED 44,374,000 93,473,000 110,607,000 95,359,000 133,488,000 Sterling Resources (UK) Limited 43,418,000 1,848,000 42,000 796,000 STAR ENERGY WEALD BASIN LIMITED 42,303,000 26,336,000 30,226,000 14,121,000 11,834,000 ISLAND GAS LIMITED 39,694,000 52,413,000 58,482,000 19,894,000 535,000 SOJITZ ENERGY PROJECT LIMITED 39,168,146 43,180,772 11,967,766 19,413,912 47,445,683 Bayerngas Europe Limited 37,434,103 21,034,121 6,829,491 BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED 32,381,330 115,528,784 154,555,000 205,234,000 200,885,000 FAROE PETROLEUM (U.K.) LIMITED 32,011,000 16,384,000 29,841,000 60,066,000 5,873,000 OMV (U.K.) LIMITED 28,044,809 38,017,455 149,800,835 125,475,747 107,966,102 MCX DUNLIN (UK) LIMITED 25,867,693 32,364,043 14,445,334 20,403,382 26,343,517 SUMMIT EXPLORATION & PRODUCTION LIMITED 23,463,328 3,189,695 40,497,483 37,114,007 129,660,693 ATLANTIC PETROLEUM UK LIMITED 21,574,179 47,529,368 64,921,188 50,606,444 48,628,408 AMOCO (FIDDICH) LIMITED 21,363,534 31,103,296 22,650,757 48,971,857 29,235,115 Hansa Hydrocarbons Limited 20,870,016 580,034 PARKMEAD GROUP plc 18,639,000 24,656,000 4,070,000 2,948,901 3,745,565 MOLGROWEST (I) LIMITED 18,391,000 24,372,017 26,250,564 35,189,640 28,484,545 MARUBENI OIL & GAS (NORTH SEA) LIMITED 17,585,956 26,719,950 26,618,586 112,499,194 96,309,004 DYAS EXPLORATION UK LIMITED 16,323,000 2,134,000 CIECO EXPLORATION AND PRODUCTION (UK) LIMITED 15,690,000 23,850,000 25,899,000 28,326,000 25,185,000 HUMBLY GROVE ENERGY LIMITED 15,507,000 14,101,000 15,500,000 10,865,000 15,366,000 FAROE PETROLEUM (ROGB) LIMITED 15,381,424 11,707,360 15,484,256 45,287,142 32,462,455 MCX OSPREY (UK) LIMITED 15,256,132 8,511,212 4,903,349 16,966,568 19,010,141 ZEUS PETROLEUM LIMITED 15,217,000 21,789,000 1,147,000 SPIKE EXPLORATION UK LTD 15,164,204 12,920,710 Wingas Storage UK Limited 14,470,950 13,195,311 856,756 30,645 32,220 TRAP OIL LTD 13,416,064 30,309,304 1,674,698 804,166 795,834 MARUBENI OIL & GAS (U.K.) LIMITED 12,449,960 37,880,463 50,990,060
  • 71.
    71 Bowland Resources Limited12,150,000 3,592,000 VERUS PETROLEUM (SNS) LIMITED 12,090,541 19,956,134 16,616,855 25,531,816 10,643,834 Verus Petroleum (SNS) Limited 12,090,541 19,956,134 16,616,855 25,531,816 10,643,834 NOBLE ENERGY (OILEX) LIMITED 11,005,480 14,763,980 69,074,205 130,366,849 114,085,746 ISLAND GAS (SINGLETON) LIMITED 8,363,000 13,999,000 10,432,000 9,786,000 6,861,000 Iranian Oil Company (U.K.) Limited 7,241,032 0 0 792,628 44,106,267 ITHACA MINERALS (NORTH SEA) LIMITED 6,823,133 7,805,506 7,664,368 11,645,819 7,250,264 RIGEL PETROLEUM (NI) LIMITED 6,500,297 7,994,322 13,391,823 21,583,681 15,230,563 Alpha Petroleum Resources Limited 5,398,000 9,142,000 16,499,000 13,359,000 8,390,000 Ithaca Gamma Limited 4,575,163 6,750,512 442,009 EQ PETROLEUM (SABAH) LIMITED 3,535,354 140,181 EQ Petroleum Sabah Limited 3,535,354 140,181 EUROPA OIL & GAS LIMITED 2,205,000 3,878,000 4,503,000 5,080,000 3,766,000 EGDON RESOURCES U.K. LIMITED 1,286,202 1,892,877 2,266,952 2,356,256 2,138,852 Antrim Resources (N.I.) Limited 1,148,801 15,741,504 Calenergy Gas Limited 1,099,000 1,977,000 2,971,000 3,860,000 2,405,000 Third Energy UK Gas Limited 897,255 506,075 826,624 1,315,129 3,962,794 Euroil Exploration Limited 832,240 1,116,397 1,047,462 1,431,628 1,538,512 TERRAIN ENERGY LIMITED 212,434 440,000 245,931 308,072 271,257 Doriemus plc 130,000 235,100 915,886 1,044,472 Egdon Resources Avington Limited 60,704 99,274 116,971 93,985 181,622 NORTHERN PETROLEUM (UK) LIMITED 53,327 84,009 97,974 84,746 70,922 ALBA RESOURCES LIMITED 26,000 170,000 223,000 177,000 68,000 Dorset Exploration Limited 16,980 7,927 12,153 UK Oil & Gas Investments plc 7,000 0 0 2,195,000 Ithaca Causeway Limited 0 143,017,114 589,141 NORTH SEA ENERGY (UK) LIMITED 0 1,275,278 2,500,458 4,958,811 13,595,327 ANGUS ENERGY WEALD BASIN NO.3 LIMITED 0 0 911,554 1,166,350 402,732 MARATHON OIL NORTH SEA (G.B.) LIMITED
  • 72.
    72 ITHACA CAUSEWAY LIMITED143,017,114 589,141 SUMMIT PETROLEUM DORSET LIMITED 27,021,617 26,210,838 22,244,137 EWE VERTRIEB GMBH WINTERSHALL (E&P) LIMITED WINTERSHALL (UK NORTH SEA) LIMITED SCHIEHALLION OIL & GAS LIMITED 47,000 Paladin Resources Limited 374,000 EUROPA OIL & GAS (WEST FIRSBY) LIMITED BLACKLAND PARK EXPLORATION LIMITED CIRQUE ENERGY (UK) LIMITED NORTHERN PETROLEUM (GB) LIMITED 269,000 249,000 226,000 Aurora Energy Resources Limited IS E&P Limited IS NV Limited ONSHORE PRODUCTION SERVICES LIMITED ORANJE-NASSAU ENERGIE UK LIMITED 58,199,519 99,407,234 80,752,621 Ecorp Oil & Gas UK Limited FINA EXPLORATION LIMITED 118,953,000 139,371,000 37,375,708,777 47,021,171,677 55,005,368,117 80,018,323,032 66,097,161,567 Turnover has fallen significantly due primarily to the fall in the oil price over the last two years. Output rose in 2015 as we predicted but a recovery in price will be needed before these developments start to feed through to an improved out-turn for the Chancellor. The decline in turnover and profitability has led firms to shed staff and to cut wages in an effort to control costs. This initially increases losses and will only show up in profits further down the line. For the individuals involved, the losses are immediate and devastating. Many staff are re-training for a life outside the oil industry. In a double-whammy Westminster chose to cut spending on renewables just when the oil industry was on its knees. Staff consequently had no opportunity to switch to the renewables sector which would have helped minimise the damage to oil-dependent economies. Oil prices in 2016 have an average lower than in 2015. The damage continues.
  • 73.
    73 Company Taxation 20142013 2012 2011 2010 £m £m £m £m £m SUNCOR ENERGY UK LIMITED -£466,987,000 -£753,513,000 -£594,168,000 -£589,339,000 -£501,723,000 CHEVRON NORTH SEA LIMITED -£168,500,000 -£404,000,000 -£622,100,000 -£739,600,000 -£464,600,000 SSE E&P UK Limited -£102,200,000 -£36,600,000 -£33,400,000 -£5,600,000 DYAS EOG LIMITED -£91,797,000 -£124,628,000 -£110,624,000 -£105,679,000 -£74,446,000 E. F. OIL AND GAS LIMITED -£85,529,000 -£71,645,000 £102,464,000 -£604,459,000 -£355,736,000 APACHE NORTH SEA LIMITED -£82,816,225 -£12,558,631 -£338,773,042 -£450,573,664 -£172,896,708 ENTERPRISE OIL LIMITED -£60,400,000 -£115,200,000 -£219,000,000 -£261,800,000 -£127,100,000 ENI ELGIN/FRANKLIN LIMITED -£37,047,000 -£41,659,000 -£66,302,000 -£241,402,000 -£132,393,000 TAQA BRATANI LIMITED -£36,612,841 -£191,798,667 -£342,707,605 -£400,189,961 -£93,800,573 FIRST OIL AND GAS LIMITED -£27,263,000 £17,456,000 £15,626,000 Liverpool Bay Limited -£18,779,074 NORECO OIL (UK) LIMITED -£17,494,750 -£3,348,501 £8,976,436 £8,349,774 -£96,833 IONA UK HUNTINGTON LIMITED -£15,233,164 -£8,156,181 £3,219,640 £1,818,516 MARATHON OIL U.K. LLC -£10,544,961 -£63,536,546 -£109,787,802 -£148,757,467 -£67,941,572 Burlington Resources (Irish Sea) Limited -£9,227,000 £5,067,000 -£38,338,000 -£50,782,000 -£15,550,000 ENI ULX LIMITED -£9,031,199 £14,495,618 £27,657,684 -£59,627,329 -£35,100,000 Gas-Union Gmbh -£9,000,794 -£1,105,053 -£5,547,125 MCX OSPREY (UK) LIMITED -£8,094,956 £8,367,857 -£16,899,163 £14,082,225 £5,367,689 ENI AEP LIMITED -£5,301,000 -£1,039,000 -£22,823,000 -£31,696,000 -£27,237,000 FAROE PETROLEUM (ROGB) LIMITED -£4,533,721 -£314,227 -£5,065,450 -£19,211,699 -£9,175,975 AMOCO (FIDDICH) LIMITED -£2,793,397 £0 £0 -£24,189,566 -£10,054,014 SUMMIT EXPLORATION & PRODUCTION LIMITED -£2,437,739 -£1,644,594 -£8,636,660 -£2,339,354 -£49,625,614 ISLAND GAS LIMITED -£1,810,000 -£13,495,000 -£716,000 MCX DUNLIN (UK) LIMITED -£1,422,371 -£7,491,287 £13,898,670 £16,732,283 £4,858,090 EQ PETROLEUM (SABAH) LIMITED -£1,105,169 -£16,505 -£19,805 0 0 EQ Petroleum Sabah Limited -£1,105,169 -£16,505 -£19,805
  • 74.
    74 Bowland Resources Limited-£1,052,000 £315,000 PERENCO UK LIMITED -£619,000 -£254,259,000 -£128,862,000 -£54,979,000 -£49,030,000 PARKMEAD GROUP plc -£529,000 £200,000 -£303,000 £4,225 -£139,470 ISLAND GAS (SINGLETON) LIMITED -£94,000 -£3,392,000 £13,511,000 -£2,680,000 -£1,957,000 FAIRFIELD BETULA LIMITED 0 0 -£7,288,894 £4,242,002 £1,336,902 TRAP OIL LTD 0 0 0 0 0 Ithaca Causeway Limited 0 -£19,215,710 £19,163,383 ZEUS PETROLEUM LIMITED 0 0 0 NORTH SEA ENERGY (UK) LIMITED 0 0 £635,927 £1,229,922 -£1,634,776 Egdon Resources Avington Limited 0 0 0 0 0 EGDON RESOURCES U.K. LIMITED 0 0 0 0 0 VERUS PETROLEUM (SNS) LIMITED 0 0 0 £5,403,668 ANGUS ENERGY WEALD BASIN NO.3 LIMITED 0 0 0 0 0 TERRAIN ENERGY LIMITED 0 0 0 0 0 ALBA RESOURCES LIMITED 0 0 0 £216,000 £194,000 Dorset Exploration Limited 0 £0 £0 £0 UK Oil & Gas Investments plc 0 £0 £0 £160,000 Bayerngas Europe Limited £0 £0 £3,667 -£4,764 Hansa Hydrocarbons Limited £0 £0 Verus Petroleum (SNS) Limited £0 £0 £0 £5,403,668 £0 Alpha Petroleum Resources Limited £0 £0 £141,523,000 £12,186,000 £5,906,000 Third Energy UK Gas Limited £0 £0 £0 £0 £0 Doriemus plc £0 £0 £0 £0 £0 MARATHON OIL NORTH SEA (G.B.) LIMITED 0 ITHACA CAUSEWAY LIMITED 0 -£19,215,710 £19,163,383 SUMMIT PETROLEUM DORSET LIMITED 0 -£17,204,027 -£12,080,545 -£10,395,117 EWE VERTRIEB GMBH 0 WINTERSHALL (E&P) LIMITED 0 WINTERSHALL (UK NORTH SEA) LIMITED 0
  • 75.
    75 SCHIEHALLION OIL &GAS LIMITED 0 -£22,456,000 Paladin Resources Limited 0 -£21,546 -£2,144,310 -£194,118 -£914,000 EUROPA OIL & GAS (WEST FIRSBY) LIMITED 0 BLACKLAND PARK EXPLORATION LIMITED 0 CIRQUE ENERGY (UK) LIMITED 0 NORTHERN PETROLEUM (GB) LIMITED 0 -£10,000 £3,000 -£28,000 Aurora Energy Resources Limited 0 IS E&P Limited 0 IS NV Limited 0 ONSHORE PRODUCTION SERVICES LIMITED 0 ORANJE-NASSAU ENERGIE UK LIMITED 0 -£25,637,439 -£32,606,445 -£17,098,103 Ecorp Oil & Gas UK Limited 0 FINA EXPLORATION LIMITED 0 -£48,462,000 -£23,391,000 NORTHERN PETROLEUM (UK) LIMITED £29,221 -£38,717 £53,410 STAR ENERGY WEALD BASIN LIMITED £96,000 £105,000 £14,633,000 £406,000 -£2,949,000 MARUBENI OIL & GAS (NORTH SEA) LIMITED £251,263 -£387,909 -£7,932,839 -£18,155,368 -£2,930,387 HUMBLY GROVE ENERGY LIMITED £563,000 -£2,215,000 -£1,477,000 £4,474,000 -£2,245,000 Euroil Exploration Limited £595,762 -£31,292 £147,426 £401,722 -£132,625 Calenergy Gas Limited £659,000 £346,000 -£743,000 -£1,032,000 -£506,000 SOJITZ ENERGY PROJECT LIMITED £1,348,063 £38,999,803 £11,801,599 -£4,044,869 -£6,130,615 Edison E&P UK Limited £1,662,836 -£1,008,811 £4,621,118 -£7,371,030 £54,998,288 EUROPA OIL & GAS LIMITED £2,340,000 £307,000 -£515,000 £730,000 -£814,000 Iranian Oil Company (U.K.) Limited £2,828,678 £3,938,385 £5,100,730 -£2,702,878 -£11,516,969 SPIKE EXPLORATION UK LTD £3,633,689 £960,586 Wingas Storage UK Limited £7,627,000 £6,686,000 £2,355,464 -£8,452,607 £6,998,000 ATLANTIC PETROLEUM UK LIMITED £10,510,455 -£6,266,003 -£18,974,233 -£8,862,003 -£3,701,866 Ithaca Gamma Limited £10,773,751 £5,853,964 £18,502,216 RIGEL PETROLEUM (NI) LIMITED £10,849,013 £2,451,310 -£4,397,848 -£6,859,621 -£4,305,122
  • 76.
    76 IDEMITSU PETROLEUM UKLTD. £12,595,515 £19,240,173 £6,126,620 -£8,314,186 -£4,799,774 ITHACA MINERALS (NORTH SEA) LIMITED £13,128,012 £715,653 £12,389,805 £1,850,391 £2,687,651 CIECO EXPLORATION AND PRODUCTION (UK) LIMITED £17,775,000 -£2,637,000 -£4,988,000 -£11,683,000 -£4,643,000 CENTRICA NORTH SEA OIL LIMITED £17,982,000 -£26,382,000 £7,081,000 -£52,896,000 £21,212,000 MURPHY PETROLEUM LIMITED £19,229,000 £2,772,000 -£46,176,000 -£36,997,000 -£16,867,000 DYAS UK LIMITED £19,826,000 £34,768,000 £69,029,000 -£36,805,000 -£29,396,000 JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LIMITED £19,944,539 £53,616,000 -£34,384,000 -£73,019,000 -£30,907,000 DYAS EXPLORATION UK LIMITED £20,835,000 £10,961,000 -£1,403,061 BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED £21,702,496 -£6,785,457 -£41,181,000 -£63,889,000 -£11,482,000 SHELL EP OFFSHORE VENTURES LIMITED £22,800,000 -£24,600,000 -£97,700,000 -£101,500,000 -£37,100,000 Igas Energy plc £23,769,000 -£10,277,000 -£12,356,000 £5,773,000 PREMIER OIL E&P UK LIMITED £24,331,000 £1,925,000 £40,200,000 -£120,771,000 -£36,331,000 NOBLE ENERGY (OILEX) LIMITED £25,846,042 -£5,134,350 £7,110,183 -£52,929,650 -£33,725,662 FAROE PETROLEUM (U.K.) LIMITED £29,964,000 0 0 £4,531,000 INEOS UK SNS LIMITED £35,481,000 £22,003,000 -£151,000 -£24,659,000 -£1,785,000 ENDEAVOUR ENERGY UK LIMITED £41,540,239 £1,373,869 -£8,629,648 -£11,568,797 -£75,546 DANA PETROLEUM (E&P) LIMITED £43,972,000 -£130,798,000 -£145,590,000 -£148,264,000 -£46,949,000 STATOIL (U.K.) LIMITED £45,994,000 -£79,103,000 £20,552,000 -£33,390,000 -£6,449,000 MITSUI E&P UK LIMITED £48,038,743 £672,797 -£631,585 MOLGROWEST (I) LIMITED £49,266,000 £5,852,222 -£2,941,855 £279,778 -£4,583,036 OMV (U.K.) LIMITED £53,580,175 £26,289,566 -£78,111,789 -£23,658,208 £5,883,506 TRANSWORLD PETROLEUM (U.K.) LIMITED £55,807,091 £57,022,285 -£22,171,726 -£45,750,723 -£32,508,000 FIRST OIL EXPRO LIMITED £61,495,000 -£20,350,000 £1,967,000 -£16,048,000 -£4,294,000 MAERSK OIL UK LIMITED £78,236,942 -£245,539 £18,671,685 £27,421,780 £41,491,167 NEXEN PETROLEUM U.K. LIMITED £93,174,591 -£917,998,290 -£912,648,245 -£1,006,841,358 -£512,455,816 CNR INTERNATIONAL (U.K.) LIMITED £95,384,000 £107,172,000 -£72,841,000 -£238,942,000 -£109,959,000 Antrim Resources (N.I.) Limited £98,843,078 BG INTERNATIONAL LTD £105,000,000 £17,000,000 -£83,000,000 -£17,000,000 -£65,000,000
  • 77.
    77 CONOCOPHILLIPS (U.K.) LIMITED£111,100,000 -£226,600,000 -£564,600,000 -£920,800,000 -£790,800,000 Tullow Oil SK Limited £114,734,000 £16,224,934 -£28,345,459 -£20,264,774 -£11,688,477 ITHACA ENERGY (UK) LIMITED £115,247,904 £11,288,704 £27,110,318 £1,954,526 £2,249,953 Sterling Resources (UK) Limited £124,340,000 ENQUEST HEATHER LIMITED £153,249,488 -£92,673,137 £94,764,221 -£31,080,562 £8,412,905 ESSO EXPLORATION AND PRODUCTION UK LIMITED £157,000,000 £17,000,000 -£228,000,000 -£474,000,000 -£140,000,000 PREMIER OIL UK LIMITED £210,836,630 £82,752,060 £31,048,743 £81,109,248 £32,115,310 ENI UK LIMITED £252,554,000 -£87,964,000 -£88,765,000 -£171,964,000 -£283,038,000 ENGIE E&P UK LTD £256,835,000 £87,006,000 £16,135,000 -£18,571,000 -£5,661,000 MARUBENI OIL & GAS (U.K.) LIMITED £263,884,702 £34,191,524 £3,062,526 CENTRICA RESOURCES LIMITED £303,976,000 £46,877,000 -£195,126,000 -£125,225,000 -£77,242,000 TOTAL E&P UK LIMITED £389,101,000 -£322,735,000 -£405,726,000 -£515,168,000 -£275,990,000 SHELL U.K. LIMITED £419,000,000 £73,000,000 -£266,000,000 -£57,000,000 -£145,000,000 MAERSK OIL NORTH SEA UK LIMITED £441,842,517 -£84,514,133 -£87,405,015 -£150,385,480 -£116,861,407 ARCO BRITISH LIMITED, LLC £469,207,997 £33,482,635 -£90,930,591 -£141,508,695 -£81,888,533 BP EXPLORATION COMPANY LIMITED £1,114,884,796 -£369,537,202 -£113,902,274 -£1,062,287,880 -£575,753,934 REPSOL SINOPEC RESOURCES UK LIMITED £1,210,844,392 £714,324,949 -£78,379,833 -£466,020,559 -£58,084,000 BRITOIL £1,343,333,082 -£228,797,122 -£378,334,083 -£251,949,888 -£133,618,181 £7,421,919,172 -£3,211,867,731 -£6,085,039,767 -£10,276,117,556 -£5,768,470,598 Tax take for 2014 has fallen steeply for the third year in a row. As we predicted last year tax take did turn out to be negative, with rebates claimed by firms exceeding receipts for the first time. The nation is paying the oil industry to take the oil away. Demands for still further “cuts” in the taxes which aren’t being paid continue to be made. These businesses have been driven into losses by the fall in oil prices. The value of assets has also been written down by a steep percentage – the business suffers a paper loss when this happens. The Corporation Tax return then turns a paper loss into a cash receipt by allowing the oil company to reclaim a share of the loss of value written off. When values rise again the reverse doesn’t tend to happen. Tax isn’t paid as the gain sits in a Revaluation Reserve in the Balance Sheet & doesn’t hit the P&L. I’m pretty certain given the scale of the claims made that this will prove to be the peak year for refunds.
  • 78.
    78 9) Company Profileand Contact Details Company Name Address Directors Telephone Web Address ALBA RESOURCES LIMITED 50 Lothian Road Edinburgh EH3 9BY Simon J Thomson Paul J Mayland James D Smith 0131 475 3000 http://www.cairnenergy.com Alpha Petroleum Resources Limited Victoria House No. 1 London Square Cross Lanes Guildford GU1 1UN Andrew Crouch Arun Subbiah Graham Walters Daniel Reis Nicholas Clayton 01483 307200 http://www.alphapetroleum.com/index.php ALTA QUEST ENERGY CORP (UK) LTD 34 ARLINGTON ROAD LONDON NW1 7HU Rupert Green 01522 500539 AMOCO (FIDDICH) LIMITED 1 Wellheads Avenue Dyce Aberdeen AB21 7PB Sandra MacRae 01224 832000 http://www.bp.com ANGUS ENERGY WEALD BASIN NO.3 LIMITED 7 HOPETOUN CRESCENT Edinburgh, Midlothian EH7 4AY Jonathan Tidswell Paul Vonk 0131 556 1371 Antrim Resources (N.I.) Limited 1 Queens Terrace Aberdeen AB10 1XL Ian Suttie Steven Bowyer Brian Cameron Martin Suttie 01224 624666 http://www.firstoilexpro.com APACHE NORTH SEA LIMITED Caledonia House, Prime Four Business Park Kingswells Causeway Aberdeen AB15 8PU Jon Sauer James House Cory Loegering Grady Ables 01224 505 000 http://www.apachecorp.com/
  • 79.
    79 ARCO BRITISH LIMITED,LLC 1 Wellheads Avenue Dyce Aberdeen AB21 7PB John Bartlett Trevor Garlick James Halliday David Goodwill David Lynch 01224 832000 http://www.bp.com ATLANTIC PETROLEUM UK LIMITED 26/28 Hammersmith Grove London W6 7BA Ben Arabo 0208 834 1045 http://www.petroleum.fo Aurora Energy Resources Limited The Office, Westfield Estate Milltimber Aberdeenshire AB13 0EX Ken McHattie Larry Kinch Ian Roche Margaret Stoddart Tristan Cutler 01224 748414 http://www.aurora-petroleum.com Bayerngas Europe Limited Suite 4A 160 London Rd Sevenoaks TN13 1BT Gerald Harrison 01959 567450 http://www.bayerngasnorge.com/ BG Group Shell Centre London SE1 7NA Alan McLean Sami Iskander Erik Bonino Russell O'Brien Kate Jackson Martinus Ten Brink Simon Constant- Glemas Brian Eggleston Paul Goodfellow 01189 353222 http://www.bg-group.com
  • 80.
    80 BHP Billiton LimitedNeathouse Place London SW1V 1BH Antonello Persico Stewart Cox Maree Robertson Kristen Ray Geraldine Slattery 0207 802 4000 http://www.bhpbilliton.com BLACKLAND PARK EXPLORATION LTD 34 ARLINGTON ROAD LONDON NW1 7HU Stephen Goschalk Rupert Lycett-Green Vermund Aarflot John Lycett Green James Dunn 01522 500539 Bowland Resources Limited MILLSTREAM MAIDENHEAD ROAD WINDSOR SL4 5GD Kenneth Robertson Paul Tanner Roy Lumsden Steinar Meland 01753 494000 http://www.centrica.com/ BP EXPLORATION OPERATING COY LIMITED 1 Wellheads Avenue Dyce Aberdeen AB21 7PB John Bartlett Peter Mather David Lynch Peter Miller Karen Maclennan Emma Delaney- McKnight Mark Thomas 01224 832000 http://www.bp.com BRITOIL LIMITED 1 WELLHEADS AVENUE DYCE ABERDEEN AB21 7PB Peter Mather David Lynch Peter Miller Karen Maclennan Sandra MacRae Mark Thomas Bruce Price 01224 832000 http://www.bp.com
  • 81.
    81 Brockham Capital LimitedSquires Farm Logmore Lane Dorking Surrey RH4 3JL Alexander Brodie Burlington Resources (Irish Sea) Limited Rubislaw House, Anderson Drive Aberdeen AB15 6FZ Andrew Hastings Dominic MacKlon Ross Stalker 01224 205000 http://www.conocophillips.com/ Cairn Energy plc 50 Lothian Road Edinburgh EH3 9BY Iain McLaren Peter Kallos Todd Hunt Keith Lough Simon Thomson Mary Shepherd Alexander Berger Ian Tyler James Smith 0131 475 3000 http://www.cairnenergy.com/ Calenergy Gas Limited Level Three 55 Drury Lane London WC2B 5SQ Michael Sparkes Peter Youngs Thomas Fielden 0207 208 1600 http://www.calenergy.com/ CENTRICA RESOURCES LIMITED MILLSTREAM MAIDENHEAD ROAD WINDSOR SL4 5GD Christopher Cox Kenneth Robertson Paul Tanner Roy Lumsden Fraser Weir Steinar Meland 01753 494000 http://www.centrica.com
  • 82.
    82 CHEVRON NORTH SEALIMITED Chevron House Hill of Rubislaw Aberdeen AB15 6XL Anthony McGarva Richard Hinkley Edward Callaghan Greta Lydecker David Dillard Roderick Green 01224 334000 http://www.chevron.com CIECO E & P (UK) LIMITED 18th Flr Broadgate Tower 20 Primrose Street London EC2A 2EW Shoji Hirokawa Suo Ishibashi Toshiyuki Mori 0207 070 5800 http://www.cieco.co.uk/ CIRQUE ENERGY (UK) LIMITED Greenacre Shoreditch Taunton Somerset TA3 7BL Stephen Bushell Terry Lindquist Steve Polowick Robert Yanota Rick Quigley 01823 275875 CNR INTERNATIONAL St Magnus House Guild Street Aberdeen AB11 6NJ Timothy McKay Barry Duncan David Whitehouse William Bell Andrew McBoyle 01224 303600 http://www.cnrinternational.com CONOCOPHILLIPS (U.K.) LIMITED Rubislaw House, Anderson Drive Aberdeen AB15 6FZ Andrew Hastings Nicholas Allen Dominic MacKlon Ross Stalker 01224 205000 http://www.conocophillips.com DANA PETROLEUM King’s Close 62 Huntly Street Aberdeen AB10 1RS David Crawford Yongwoo Kang Robert Elliot 01224 616000 http://www.dana-petroleum.com Dart Energy Limited 46 Hyde Road Paignton Devon TQ4 5BY Alan Schutt
  • 83.
    83 Doriemus plc Suite3B, Jermyn Street London SW1Y 6DN Grant Roberts David Lenigas Donald Strang Hamish Harris 0207 440 0642 http://www.doriemus.co.uk/home Dorset Exploration Limited The Wheat House 98 High Street Odiham Hampshire RG29 1LP Mark Abbott Jeremy Field 01256 702292 01428 713608 http://www.egdon-resources.com/ DYAS EOG LIMITED 5TH FLOOR 1 EXCHANGE CRESCENT Edinburgh EH3 8UL Stephen Rennie Adam Thompson Petrus Waaijer 0131 229 6907 www.shv.nl DYAS UK LIMITED ATHENA HOUSE ATHENA DRIVE TACHBROOK PARK WARWICK CV34 6RL Stephen Rennie Petrus Waaijer Adam Thompson Robert Baurdoux 00 31 30 2338 434 http://www.dyas.nl E. F. OIL AND GAS LIMITED Crawpeel Road, Altens Industrial Estate, Aberdeen, AB12 3FG Iain McCombie Pierre Ozon Elis. Van Heeswijk Alain Pouthas 01224 297000 http://www.uk.total.com Ecorp Oil & Gas UK Limited The Wheat House 98 High Street Odiham Hampshire RG29 1LP John Thrash Robert Voorhees 01256 702292 http://www.egdon-resources.com/ Edison E&P UK Limited 1 Cavendish Place London W1G 0QF Philippe Antoine Guiseppe D'Ali Pierluigi Nalin Fabio Dubini Roberto Cozzi Alessandro Agostini 00 47 52 97 71 00 http://www.edison-norge.no/contact-us
  • 84.
    84 EGDON RESOURCES U.K.LIMITED The Wheat House 98 High Street Odiham Hampshire RG29 1LP Philip Stephens Mark Abbott Walter Roberts James elston Jeremy Field 01256 702292 http://www.egdon-resources.com/ ENDEAVOUR ENERGY UK LIMITED 40 Queens Road Aberdeen AB15 4YE Catherine Stubbs Steven Pully Joseph McInnes George Sandison James Lachance Gary Hanna 01224 202850 http://www.endeavourcorp.com/ ENGIE E&P UK LTD Union Plaza, Union Wynd Aberdeen AB10 1SL Benoit Mignard Ruud Zoon H. Verbockhaven Maria Hanssen Laurent Dallet 01224 269 800 http://www.engie-ep.co.uk/ ENI UK LIMITED ENI House 10 Ebury Bridge Road London SW1W 8PZ Roberto Pasqua Paolo Morandotti Luigi Piro Enrico Cingolani 0207 344 6000 www.eniuk.co.uk ENQUEST HEATHER LIMITED Annan House Palmerston Road Aberdeen AB11 5QP Stefan Ricketts Paul Massie Craig Stewart Neil McCulloch 01224 975000 http://www.enquest.com ENTERPRISE OIL LIMITED Shell Centre 8 York Road London SE1 7NA Gary Archibald Rolynda Sprouse David Kemshell 0207 925 4000 http://www.shell.co.uk
  • 85.
    85 EQ PETROLEUM (SABAH)LIMITED Annan House Palmerston Road Aberdeen AB11 5QP Stefan Ricketts Faysal Hamsa Andrew Watt John Penrose 01224 975000 http://www.enquest.com ESSO E & P UK LIMITED Exxon Mobil House Mail Point 21, Ermyn Way Leatherhead, Surrey KT22 8UX Louise McKenzie Stacey Weltmer Timothy Stevens Peter Clarke 01372 222000 http://www.exxonmobil.co.uk Euroil Exploration Limited Hyde Park House 5 Manfred Road London SW15 2RS Colin Heatley Pierluigi Nalin Alessandro Agostini Roberto Cozzi Giorgio Bolis EUROPA OIL & GAS 6 PORTER STREET LONDON W1U 6DD Philip Greenhalgh Hugh Mackay 0207 224 3770 http://www.europaoil.com EWE VERTRIEB GMBH Mcgrigors LLP Johnstone House 52-54 Rose Street Aberdeen AB10 1UD http://www.ewe.de/ Fairfield Energy plc Ash House, Fairfield Ave Staines TW18 4AB Ian Sharp Andrew Hockey John Wiseman 01224 300500 www.fairfield-energy.com FAROE PETROLEUM (ROGB) LIMITED High Street Saxilby Lincoln LN12 2JQ Jonathan Cooper Julian Riddick http://www.rocoil.com.au FAROE PETROLEUM (U.K.) LIMITED 24 Carden Place Aberdeen AB10 1UQ Julian Riddick Graham Stewart Jonathan Cooper Helge Hammer 01224 650 920 http://www.faroe-petroleum.com
  • 86.
    86 FINA EXPLORATION LIMITEDCrawpeel Road, Altens Industrial Estate, Aberdeen, AB12 3FG Alain Pouthas Michael Borrell Elisabeth Proust-Van Heeswijk 01224 297000 http://www.uk.total.com First Oil Plc 1 Queens Terrace Aberdeen AB10 1XL Ian Suttie Steven Bowyer Brian Cameron Martin Suttie 01224 624666 http://www.firstoilexpro.com Gas-Union Gmbh 21 Tudor Street London EC4Y 0DJ Dr Oliver Malerius Dr Jens Nixdorf 00 49 69 3003 - 0 https://www.gas-union.de/24-1-The-company.html Gazprom Germania Markgrafenstraße 23 Berlin, 10117 Germany Andrey Biryulin Vyach. Krupenkov 00 49 30 20195 - 0 www.gazprom.com/press/reports/2015/global-approach/ Hansa Hydrocarbons Limited 67-68 Longacre London WC2E 9JD Simon Lunn Patrick Kennedy John Martin Willem Tortike 0207 836 9980 http://www.hansahydrocarbons.com/ HUMBLY GROVE ENERGY LIMITED Weston Common The Avenue, Lasham Alton Hants GU34 5SY Klaus Reinisch Fergal Murphy Arthur Moors Wan Adnan 01256 381621 http://www.humblyenergy.co.uk/ IDEMITSU PETROLEUM UK LTD. 6th Floor, Shaftesbury House, 151 Shaftesbury Avenue, London WC2H 8AL Kazuo Okamoto Shogo Hirahara 0207 395 6140 http://www.iog- idemitsu.co.jp/eng/project/uk/index.html
  • 87.
    87 Igas Energy plc7 Down Street London W1J 7AJ Francis Gugen John Bryant Cuthbert McDowell Robin Pinchbeck Stephen Bowler John Blaymires 0207 993 9899 http://www.igasplc.com INEOS UK SNS LIMITED 4th Floor, 90 High Holborn London WC1V 6LJ Andrew Pizzey Geir Tuft Adrian Coker Mark Hughes Hans-Juergen Bister Douglas Scott 0203 116 0200 http://www.ineos.com/ IONA ENERGY COMPANY (UK) LIMITED LOWER GROUND SUITE 3 QUEENS GATE ABERDEEN AB15 5YL Iain McKendrick Thomas Reynolds 01224 228400 http://www.ionaenergy.com/ Iranian Oil Company (U.K.) Limited Riverside House, Riverside Drive, Aberdeen, AB11 7LH Mahmoud Zadeh Seyed Mohaddes Mohsen Paknejad 01224 224353 http://www.iocukltd.com/ IS E&P Limited 80 Hill Rise Richmond Surrey TW10 6UB Maurice Hazzard Ken Ratcliff Andrew Hindle Alan Booth Stewart McGarrity Anita Gardiner 0208 332 1200 http://www.infrastrata.co.uk/
  • 88.
    88 IS NV Limited80 Hill Rise Richmond Surrey TW10 6UB Maurice Hazzard Ken Ratcliff Andrew Hindle Alan Booth Stewart McGarrity Anita Gardiner 0208 332 1200 http://www.infrastrata.co.uk/ ISLAND GAS LTD 7 Down Street, London W1J 7AJ Stephen Bowler John Blaymires Julian Tedder 0207 993 9899 http://www.igasplc.com ITHACA NORTH SEA LIMITED 8 Rubislaw Terrace Aberdeen AB10 1XE Graham Forbes Leslie Thomas 01224 638 582 http://www.ithacaenergy.com/ JX NIPPON E & P (U.K.) LIMITED 8th Floor 199 Bishopsgate London EC2M 3TY Timothy Blackford Kemmei Nakata Yoshihiko Yamazaki Naoyoshi Kaneko Akira Omachi 0207 309 7650 http://www.nex.jx-group.co.jp/english/ KUFPEC UK Limited 400 Capability Green Luton Bedfordshire LU1 3AE Nawaf Al-Sabah Husneya Ali Ghada Al-Amer 01483 757747 http://www.q8aviation.com Liverpool Bay Limited 10 Ebury Bridge Road London SW1W 8PZ Roberto Pasqua Silvia Masi Luigi Piro 0207 344 6000 http://www.eni.com/ MAERSK OIL Maersk House, Crawpeel Road, Altens, Aberdeen AB12 3LG Morten Kelstrup Glenn Corr Brian Welinder Gretchen Watkins Graham Talbot 01224 242000 http://www.maerskoil.com
  • 89.
    89 MARATHON OIL U.K.LLC Marathon House Hill of Rubislaw Anderson Drive Aberdeen AB15 6FZ Thomas Little Carl Hubacher Helga Sandison 01224 803000 http://www.marathon.com/ MARUBENI OIL & GAS (NORTH SEA) LIMITED 1st Floor, Burdett House 15-16 Buckingham Street London WC2N 6DU Gary Nienow Isao Suzuki Takeo Morita 0207 766 3636 http://europe.marubeni.com/business- activities/groupcompanies.html?id=3 MCX DUNLIN (UK) LIMITED Mid City Place, 71 High Holborn London WC1V 6BA Jiro Mukai Michio Kawamata Tetsuya Nishigaki Eisuke Shiozaki Yusuke Uchimura 0207 025 3445 Web: http://www.mitsubishicorp.com MITSUI E&P UK LIMITED 8th & 9th Floor, 1 St Martin's Le Grand, London EC1A 4AS Naoki Ishii Chisumi Tanaka Tomonori Nomura Fusaaki Matsumoto Toru Matsui Koji Asanuma Tatsuhiko Matsuura 0207 822 0321 http://www.moeco.com/en/project/britai n.html
  • 90.
    90 MOLGROWEST (I) LIMITEDRiverside House, Riverside Drive, Aberdeen, AB11 7LH Nico Brunsmann Kornel Toth Stephen Kemp Szabolcs Boroczky 01224 224300 http://www.molgroup.hu MURPHY PETROLEUM LIMITED 4 Beaconsfield Road, St. Albans Hertfordshire AL1 3RH Walter Compton Earl Botner Michael Jackson 01727 892400 http://www.murphyoilcorp.com NAUTICAL PETROLEUM LIMITED 6th Floor 20 Berkeley Square London W1J 6EQ Simon Thompson Paul Mayland Brita Holstad James Smith 0207 550 4890 http://www.cairnenergy.com/ NEXEN PETROLEUM U.K. LIMITED Prospect House, 97 Oxford Road Uxbridge UB8 1LU Ray Riddoch Ian Smale Gina Barber Zhi Fang Jamie Doyle 01895 237700 www.nexencnoocltd.com Nippon Oil Milbank House 1 Finsbury Square London EC2A 1AE Timothy Blackford Kemmei Nakata Masahiro Ozawa Takuya Wada Akira Omachi 0207 309 7650 http://www.nex.jx-group.co.jp/english/ NOBLE ENERGY (OILEX) LIMITED Oceana House, 154 High Street Sevenoaks TN13 1XE John Huser Amy Jolly 01732 741999 http://www.nobleenergyinc.com NORECO OIL (UK) LIMITED 15 APPOLD STREET LONDON EC2A 2HB Sije Augustson Carsten Tolderlund 00 47 99 28 39 00 http://www.noreco.com/en/
  • 91.
    91 NORTH SEA ENERGY(UK) LIMITED Brodies House, 31-33 Union Grove ABERDEEN AB10 6SD Ian Lambert 00 1 416 366 4700 www.northseaenergy.ca/aboutus.html Northern Petroleum plc Chester House, Unit 3.01 Brixton Road London SW9 6DE Nicholas Morgan Keith Bush 0207 469 2900 http://www.northernpetroleum.com/ NSGP (Ensign) Limited 22 Grenville Street St. Hellier Jersey JE4 8PX OMV (U.K.) LIMITED 62 Buckingham Gate London SW1E 6AJ Michael Flanagan David Latin Vincent Graham Axel Boss Ant Van Der Haarten Hans Veit 0207 333 1600 http://www.omv.com ONSHORE PRODUCTION SERVICES LIMITED SOUTHOLME, TRINITY STREET Gainsborough Lincolnshire DN21 2EQ John Sang Karl Wilkinson Richarsd Wilkinson ORANJE-NASSAU ENERGIE UK LIMITED 6th Floor Union Plaza 1 Union Wynd Aberdeen AB10 1DQ Alexander Berger Chris van Steveninck 00 31 205 354100 http://www.onebv.com/ Paladin Resources Limited 163 Holburn Street, Aberdeen AB10 6BZ Jose Vega Ferdinando Rigardo Luis Sanchez 01224 352500 http://www.talisman-sinopec.com/
  • 92.
    92 PARKMEAD GROUP plc4 Queens Terrace Aberdeen AB10 1XL Thomas Cross Ryan Stroulger Dr Colin Percival Ian Rawlinson Philip Dayer 01224 622200 http://www.parkmeadgroup.com/ Perenco UK Limited 10 Duke of York Square, London SW3 4LY Nicholas Fallows Jonathan Parr Jan Rusin Kim Kallmeyer Brian James Franck Dy 0207 901 8200 http://www.perenco.com PREMIER OIL E&P UK LIMITED 23 Lower Belgrave Street London SW1W 0NR Anthony Durrant Robert Allan Richard Rose 0207 730 1111 http://www.premier-oil.com/ PREMIER OIL UK LIMITED Upper Denburn House Prime Four Business Park Kingswells Causeway Kingswells Aberdeen AB15 8PU Anthony Durrant Robert Allan Rachel Rickard Richard Rose Stuart Wheaton Julie Forsyth Dean Griffin 01224 318900 http://www.premier-oil.com/ REPSOL SINOPEC RESOURCES UK LIMITED 163 Holburn Street, Aberdeen AB10 6BZ Roger Ramshaw John Warrender Yi Zhang Luis Cabra Manuel Garcia Blanco 01224 352500 http://www.talisman-sinopec.com
  • 93.
    93 RIGEL PETROLEUM (NI)LIMITED Talisman House 163 Holburn Street Aberdeen AB10 6BZ John Warrander John Forrest Yi Zhang Luis Aurelio Cabra Manuel Blanco 01224 352500 http://www.talisman-energy.co.uk SCHIEHALLION OIL & GAS LIMITED Shell Centre London SE1 7NA Simon Willems George Paul Mark Tough 01372 229500 http://www.shell.co.uk SERICA ENERGY (UK) LIMITED 52 George Street London W1U 7EA Antony Walker Clara Altobell Daniel Fewkes 0207 487 7300 http://www.serica-energy.com/ SHELL U.K. LIMITED 1 Altens Farm Road Nigg Aberdeen AB12 3FY David Moss Michael Coates Jonathan Kohn Erik Bonino Joanne Wilson Nigel Hobson Paul Goodfellow 01224 882 000 http://www.shell.co.uk SOJITZ ENERGY PROJECT LIMITED 7th Floor Northern & Shell Bldg 10 Lower Thames Street London EC3R 6EQ Takahiro Ebisu Daisuke Yasuda Jin Nakayabu 0207 337 7800 http://www.sojitz.com/en/ SPIKE EXPLORATION UK LTD 17 Cavendish Sq. London W1G 0PH Alf Thorkildsen Per Knudsen 0203 008 7642 http://www.spike-x.com/ SSE E&P UK Limited Inveralmond House 200 Dunkeld Road Perth PH1 3AQ James Smith Martin Pibworth Edward Lawns 01738 456000 http://www.sse.com/
  • 94.
    94 STAR ENERGY OIL& GAS LIMITED 7 DOWN STREET LONDON W1J 7AJ Stephen Bowler John Blaymires Julian Tedder 0207 993 9899 http://www.igasplc.com STATOIL (U.K.) LIMITED 1 Kingdom Street, London, W2 6BD Svein Skeie Robert Adams Tove Sjoeblom Cecilie Ronning Uno Rognli 0203 204 3200 http://www.statoil.com Sterling Resources (UK) Limited 30 Abercrombie Court Arnhall Business Park Westhill Aberdeen AB32 6FE Andrew Leeser Christine Shinnie John Rapach 01224 806610 www.sterling-resources.com/aberdeen.html SUMMIT EXPLORATION & PRODUCTION LTD 23 COLLEGE HILL LONDON EC4R 2RP Tadashi Fujimagari Richard Saxby Carl Smith Yukio Kanazawa Satoru Sugiura Watoru Sato 0207 429 3500 http://summiteandp.com/ SUNCOR ENERGY UK LIMITED 28b Albyn Place Aberdeen AB10 1YL Ronald Davie Steven Trueman Dwayne Zeller 01224 565600 http://www.suncor.com TAQA BRATANI LIMITED Taqa Bratani Limited Prospect Road, Westhill, Aberdeenshire, AB32 6FE Peter Jones Alexander Hutchison Donald Taylor David Gibson Neil Fowler Saeed Aldhaheri 01224 275275 http://www.taqa.ae
  • 95.
    95 TERRAIN ENERGY LIMITED104 PARK STREET MAYFAIR LONDON W1K 6NF Arthur Glencross Eric King Stephen Jenkins 0207 518 1714 http://terrain-energy.com/ Third Energy UK Gas Limited Knapton Genern. Station East Knapton Malton YO17 8JF Rasik Valand John Dewar David Robottom 01944 758746 http://www.third-energy.com/ TOTAL E&P UK LIMITED Crawpeel Road, Altens Industrial Estate, Aberdeen, AB12 3FG Alain Pouthas Michael Borrell Elizabeth Proust-Van Heeswijk Frederic Agnes 01224 297000 http://www.uk.total.com TRANSWORLD PETROLEUM (U.K.) LIMITED 163 Holburn Street, Aberdeen AB10 6BZ John Warrander Yi Zhang Manuel Blanco Luis Aurelio Cabra 01224 352500 http://www.talisman-sinopec.com TRAP OIL LTD 10 The Triangle, NG2 Business Park Nottingham NG2 1AE Scott Brown Ronald Lansdell 0203 170 5586 http://www.trapoil.com Tullow Oil SK Limited 9 Chiswick Park 566 Chiswick High Road London W4 5XT Ian Springett Paul McDade Kevin Massie Ruprt Rowland-Clark Richard Miller 0203 249 9000 http://www.tullowoil.com/ UK Oil & Gas Investments plc Suite 3B, Princes House 38 Jermyn Street London SW1Y 6DN Kiran Morzaria Jason Berry Stephen Sanderson 0207 440 0640 http://www.ukogplc.com/
  • 96.
    96 VERUS PETROLEUM (SNS)LIMITED 3 Queen's Gardens Aberdeen AB15 4YD Peter Campbell Alan Curran Colin Christie John Baillie 01224 659120 www.veruspetroleum.com Wingas Storage UK Limited Building 3 Chiswick Business Park 566 Chiswick High Road London W4 5YA Detlef Weidermann Andreas Renner Helmut Cordes Sergey Shkurov Sergey Tregub Jens Nuhn 0208 849 8760 http://www.wingas-storage.com/ ZEUS PETROLEUM LIMITED 4 Queens Terrace Aberdeen AB10 1XL Thomas Cross Ryan Strougler 01224 622200 http://www.parkmeadgroup.com/
  • 97.
    97 10) Company Debt CompanyDebt 2014 2013 Change BP EXPLORATION OPERATING COMPANY LIMITED 11,294,113,026 18,907,845,118 -7,613,732,092 NEXEN PETROLEUM U.K. LIMITED 1,935,221,475 3,496,265,621 -1,561,044,146 BRITOIL 1,198,888,219 2,171,480,161 -972,591,942 Alpha Petroleum Resources Limited 19,084,000 732,484,000 -713,400,000 ARCO BRITISH LIMITED, LLC 230,116,622 774,483,532 -544,366,910 Ithaca Causeway Limited 0 316,519,330 -316,519,330 ENI UK LIMITED 1,167,657,000 1,430,606,000 -262,949,000 FAIRFIELD BETULA LIMITED 358,037,079 533,532,679 -175,495,600 PERENCO UK LIMITED 1,652,035,000 1,825,522,000 -173,487,000 TAQA BRATANI 2,391,667,949 2,553,836,985 -162,169,036 CENTRICA RESOURCES LIMITED 1,422,248,000 1,581,836,000 -159,588,000 MURPHY PETROLEUM LIMITED 251,554,000 409,602,000 -158,048,000 ESSO E & P UK LIMITED 4,153,000,000 4,240,000,000 -87,000,000 ENI AEP LIMITED 67,314,000 146,602,000 -79,288,000 MAERSK OIL NORTH SEA UK LIMITED 1,491,624,332 1,562,291,911 -70,667,579 PREMIER OIL E&P UK LIMITED 315,216,000 379,827,000 -64,611,000 CENTRICA NORTH SEA OIL LIMITED 256,004,000 311,855,000 -55,851,000 STAR ENERGY WEALD BASIN LIMITED 1,773,000 44,509,000 -42,736,000 ATLANTIC PETROLEUM UK LIMITED 9,510,357 39,609,670 -30,099,313 NORECO OIL (UK) LIMITED 86,489,397 113,208,544 -26,719,147 Burlington Resources (Irish Sea) Limited 294,982,000 319,363,000 -24,381,000 DYAS UK LIMITED 427,005,000 450,081,000 -23,076,000 Gas-Union Gmbh 385,340,541 407,979,497 -22,638,956 Igas Energy plc 190,157,000 212,428,000 -22,271,000
  • 98.
    98 IONA UK HUNTINGTONLIMITED 36,294,777 42,744,562 -6,449,785 HUMBLY GROVE ENERGY LIMITED 80,576,000 85,617,000 -5,041,000 ALBA RESOURCES LIMITED 4,204,000 8,810,000 -4,606,000 DYAS EXPLORATION UK LIMITED 43,214,000 46,339,000 -3,125,000 Aurora Energy Resources Limited 1,734,710 4,611,370 -2,876,660 PARKMEAD GROUP plc 25,090,000 27,728,000 -2,638,000 FAROE PETROLEUM (ROGB) LIMITED 26,813,754 28,278,814 -1,465,060 EUROPA OIL & GAS LIMITED 13,921,000 15,134,000 -1,213,000 VERUS PETROLEUM (SNS) LIMITED 86,374,373 87,221,952 -847,579 Verus Petroleum (SNS) Limited 86,374,373 87,221,933 -847,560 Wingas Storage UK Limited 7,007,224 7,801,258 -794,034 Doriemus plc 336,000 771,355 -435,355 NORTHERN PETROLEUM (UK) LIMITED 896,340 1,327,343 -431,003 CIRQUE ENERGY (UK) LIMITED 3,668,402 3,720,479 -52,077 BLACKLAND PARK EXPLORATION LIMITED 425,267 437,127 -11,860 MARATHON OIL NORTH SEA (G.B.) LIMITED 0 FIRST OIL AND GAS LIMITED 0 SUMMIT PETROLEUM DORSET LIMITED 0 EWE VERTRIEB GMBH 0 WINTERSHALL (E&P) LIMITED 0 WINTERSHALL (UK NORTH SEA) LIMITED 0 Antrim Resources (N.I.) Limited 0 SCHIEHALLION OIL & GAS LIMITED 0 EUROPA OIL & GAS (WEST FIRSBY) LIMITED 0 NORTHERN PETROLEUM (GB) LIMITED 0 TERRAIN ENERGY LIMITED 0 IS E&P Limited 0 IS NV Limited 0
  • 99.
    99 FINA EXPLORATION LIMITED0 Egdon Resources Avington Limited 27,901 27,498 403 ONSHORE PRODUCTION SERVICES LIMITED 700,548 633,105 67,443 ANGUS ENERGY WEALD BASIN NO.3 LIMITED 3,327,817 3,175,659 152,158 SOJITZ ENERGY PROJECT LIMITED 151,872,822 151,674,229 198,593 Dorset Exploration Limited 300,894 96,304 204,590 UK Oil & Gas Investments plc 496,000 121,000 375,000 Ecorp Oil & Gas UK Limited 13,316,737 12,939,558 377,179 MARUBENI OIL & GAS (NORTH SEA) LIMITED 52,659,779 51,877,797 781,982 MCX OSPREY (UK) LIMITED 71,832,051 70,985,072 846,979 ZEUS PETROLEUM LIMITED 49,243,000 48,331,000 912,000 Calenergy Gas Limited 4,380,000 3,061,000 1,319,000 EGDON RESOURCES U.K. LIMITED 22,256,682 20,914,144 1,342,538 Euroil Exploration Limited 4,451,967 2,863,641 1,588,326 NORTH SEA ENERGY (UK) LIMITED 9,081,208 7,204,582 1,876,626 SUMMIT EXPLORATION & PRODUCTION LIMITED 31,679,667 29,596,099 2,083,568 Paladin Resources Limited 32,457,912 30,265,944 2,191,968 ORANJE-NASSAU ENERGIE UK LIMITED 6,545,705 1,870,694 4,675,011 ISLAND GAS (SINGLETON) LIMITED 43,106,000 37,455,000 5,651,000 Third Energy UK Gas Limited 49,228,028 42,446,837 6,781,191 BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED 110,935,651 102,110,806 8,824,845 APACHE NORTH SEA LIMITED 1,979,841,087 1,970,922,081 8,919,006 ENI ULX LIMITED 293,924,467 284,443,565 9,480,902 TRAP OIL LTD 86,943,875 76,021,281 10,922,594 Hansa Hydrocarbons Limited 93,759,897 82,581,056 11,178,841 Ithaca Gamma Limited 54,509,804 42,949,099 11,560,705 Bayerngas Europe Limited 231,298,287 219,183,607 12,114,680 SPIKE EXPLORATION UK LTD 56,059,797 41,261,636 14,798,161 EQ PETROLEUM (SABAH) LIMITED 27,333,465 8,999,142 18,334,323
  • 100.
    100 EQ Petroleum SabahLimited 27,333,465 8,999,142 18,334,323 RIGEL PETROLEUM (NI) LIMITED 61,253,053 39,965,670 21,287,383 DYAS EOG LIMITED 224,767,000 203,047,000 21,720,000 INEOS UK SNS LIMITED 810,520,000 785,204,000 25,316,000 FIRST OIL EXPRO LIMITED 267,695,000 239,426,000 28,269,000 ITHACA MINERALS (NORTH SEA) LIMITED 97,862,943 £68,354,789 29,508,154 ENDEAVOUR ENERGY UK LIMITED 945,282,234 915,118,506 30,163,728 AMOCO (FIDDICH) LIMITED 147,722,922 116,410,708 31,312,214 Tullow Oil SK Limited 274,331,000 241,945,000 32,386,000 SSE E&P UK Limited 392,200,000 359,700,000 32,500,000 E. F. OIL AND GAS LIMITED 749,912,000 717,100,000 32,812,000 Bowland Resources Limited 93,193,000 57,890,000 35,303,000 ISLAND GAS LIMITED 261,247,000 224,752,000 36,495,000 MARATHON OIL U.K. LLC 639,870,355 601,034,438 38,835,917 MCX DUNLIN (UK) LIMITED 173,033,471 133,533,899 39,499,572 MITSUI E&P UK LIMITED 244,347,629 200,109,434 44,238,195 NOBLE ENERGY (OILEX) LIMITED 70,456,196 16,781,541 53,674,655 Iranian Oil Company (U.K.) Limited 400,258,925 346,418,424 53,840,501 Sterling Resources (UK) Limited 219,652,000 159,981,000 59,671,000 FAROE PETROLEUM (U.K.) LIMITED 175,814,000 114,035,000 61,779,000 MAERSK OIL UK LIMITED 488,917,546 414,768,790 74,148,756 IDEMITSU PETROLEUM UK LTD. 209,691,999 126,644,929 83,047,070 CIECO EXPLORATION AND PRODUCTION (UK) LIMITED 210,413,000 122,867,000 87,546,000 TRANSWORLD PETROLEUM (U.K.) LIMITED 272,144,979 173,938,118 98,206,861 MOLGROWEST (I) LIMITED 270,414,000 145,537,000 124,877,000 Edison E&P UK Limited 176,785,125 43,041,539 133,743,586 ENQUEST HEATHER LIMITED 1,763,588,829 1,623,279,857 140,308,972 TOTAL E&P UK LIMITED 3,911,832,000 3,738,040,000 173,792,000 SHELL EP OFFSHORE VENTURES LIMITED 1,333,800,000 1,109,400,000 224,400,000
  • 101.
    101 ENI ELGIN/FRANKLIN LIMITED740,977,000 511,683,000 229,294,000 ENGIE E&P UK LTD 728,275,000 495,998,000 232,277,000 ENTERPRISE OIL LIMITED 4,237,600,000 3,988,500,000 249,100,000 OMV (U.K.) LIMITED 1,198,421,910 945,867,526 252,554,384 MARUBENI OIL & GAS (U.K.) LIMITED 828,008,687 573,146,944 254,861,743 CNR INTERNATIONAL (U.K.) LIMITED 1,431,184,000 1,163,240,000 267,944,000 SUNCOR ENERGY UK LIMITED 1,170,582,000 896,359,000 274,223,000 Liverpool Bay Limited 283,220,004 0 283,220,004 CHEVRON NORTH SEA LIMITED 1,997,100,000 1,710,000,000 287,100,000 DANA PETROLEUM (E&P) LIMITED 2,407,191,000 2,072,187,000 335,004,000 ITHACA ENERGY (UK) LIMITED 964,052,288 621,594,375 342,457,913 BG INTERNATIONAL LTD 9,969,000,000 9,550,000,000 419,000,000 STATOIL (U.K.) LIMITED 1,052,988,000 522,477,000 530,511,000 PREMIER OIL UK LIMITED 2,122,453,597 1,521,724,854 600,728,743 JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LTD 1,465,409,302 859,546,000 605,863,302 CONOCOPHILLIPS (U.K.) LIMITED 5,675,600,000 5,026,200,000 649,400,000 SHELL U.K. LIMITED 10,768,000,000 9,988,000,000 780,000,000 REPSOL SINOPEC RESOURCES UK LIMITED 4,812,599,855 3,604,659,668 1,207,940,187 100,264,541,579 103,852,050,828 -3,587,509,249 This final section has been added to look at corporate indebtedness and how it has changed over the last 12 months. What is clear is that there have been winners and losers. Some firms have managed to reduce their debts. In the case of BP in particular this seems to have been assisted by the tax rebates received from the Chancellor. We can see that there is £100 Billion outstanding from the companies listed above. We’ll continue to monitor this to see if things improve or worsen over time.
  • 102.
    102 Derek Louden isan MA graduate of the University of Aberdeen and holds a Masters Degree in Energy Studies (with Distinction) from the University of Sheffield. He is a Member of the Energy Institute, a Member of the British Institute of Energy Economics and a Member of the International Association for Energy Economics. Derek has worked for a number of firms in the Service Sector including ABB Vetco Gray, NL Shaffer and was Chief Accountant and Office Manager with JP Kenny Caledonia Ltd during the construction of the SAGE pipeline in the North Sea for Mobil. Subsequently he lectured in Economics and Accounting at Inverness College UHI and traded fuel with Highland Harbours supplying British, French, Spanish and Faeroese boats at West Coast ports. Derek held an International Trade role with Aberdeen City Council and was Finance Director and investor in ITP Solutions Ltd from 2010 to 2015. He is currently seeking contracting opportunities following a spell helping to care for his father during a terminal illness. Conversion factors used in the Report: Conversion of Barrels to Tonnes @ Rate (Barrels x 0.136 =Tonnes) Source: BP Statistical Review of World Energy (various years) Conversion of Standard Cubic Feet to Cubic Metres @ Rate (SCuFt x 0.028 =CuM) Source: BP Statistical Review of World Energy (various years)