Related Articles
Forward article link
Share PDF with colleagues

UKCS: still got it at 50

Despite low oil prices and extensive job losses, UK North Sea production isn't going into meltdown

Anyone hoping UK North Sea oil production would crumble in the face of low crude prices - and help rebalance the lopsided global oil market - is out of luck. Last year, despite painfully low oil prices, hydrocarbons output from the UK Continental Shelf (UKCS) managed its first increase in over 15 years. And growth could continue, as new fields enter production. In the first 10 months of 2015, liquids output rose by nearly 11%, compared with the same period of 2014. Natural gas production was up by around 6% on the year. Overall, full-year production will be 7-8% higher than in 2014, says Oil & Gas UK, a trade association of upstream operators. The North Sea is a high-cost basin, largel

Also in this section
Uganda's ambitious oil-export timetable
26 April 2017
The government's keen, the companies are willing—is Uganda's oil boom finally on the way?
Sustainable energy: Learning from the success stories
19 April 2017
Sharing good examples is the key to change SEforALL’s Rachel Kyte tells World Energy Focus
Nigeria: Back to the future?
19 April 2017
The government faces some tough decisions as it decides how to handle the corruption allegations surrounding the acquisition by Shell and Eni of offshore block OPL 245