Country Report

United Kingdom upstream summary

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Provides a detailed description of reserves, production, infrastructure and fiscal terms for the UK upstream sector.

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • Majors
    • Independents
    • Introduction
    • Central North Sea
    • Northern North Sea
    • Southern Gas Basin
    • West of Britain
    • Atlantic Margin
    • Onshore
    • Licensing
      • 33rd Offshore Round
      • 32nd Offshore Round
    • Carbon storage licensing
    • Drilling
      • Drilling activity
      • Historical drilling
      • Success rates
    • Unconventionals
      • Historical activity (2013-2016)
  • Reserves and resources
    • Oil
    • Gas
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
    • Key legislation
    • Regulatory body
    • North Sea Transition Authority (NSTA)
      • UK North Sea Transition deal
    • Offshore Petroleum Regulator for Environment & Decommissioning (OPRED)
      • Scope 3 emissions consultation
      • UK emissions trading scheme (UKETS)
    • Licensing
      • Climate compatibility checkpoint
    • Licence types
      • Offshore innovate licence (up to nine years)
      • Petroleum exploration and development licence (PEDL)
      • Carbon storage licences
    • Historical seaward licences
      • Exploration licence
      • Production licence (Traditional)
      • Production licence (Promote)
      • Production licence (Frontier six years)
      • Production licence (Frontier nine years)
    • Overview
    • Upstream
    • Mid/Downstream
      • Pipelines
      • Gas utilisation
    • Current fiscal terms
      • Government equity participation
      • Ring fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • Ring Fence Corporation Tax (RFCT) & Supplementary Charge (SC)
      • RFCT deductions
      • Supplementary Charge Investment Allowance
      • 2 more item(s)...
    • Energy Profits Levy (EPL)
      • EPL timeline
      • Industry consultation on post-2030 fiscal terms
      • Petroleum Revenue Tax (PRT)
      • Decommissioning
      • Product pricing
    • Historical background
      • Royalty
      • Petroleum Revenue Tax (PRT)
      • Supplementary Petroleum Duty (SPD)
      • Advance Petroleum Revenue Tax (APRT)
      • Gas Levy
      • Writing Down Allowance (WDA) for RFCT
      • Obsolete field allowances (for Supplementary Charge)

Tables and charts

This report includes the following images and tables:

  • Key facts: Table 1
  • Country map
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Liquids and Gas Production 2024
  • Capital Expenditure 2024
  • Net Acreage 2025
  • UK offshore - structural / topographic map
  • Exploration: Table 7
  • Production: Table 1
  • Production: Table 2
  • Liquids production by sector
  • 34 more item(s)...

What's included

This report contains:

  • Document

    Country Overview

    PDF 11.51 MB

  • Document

    Country Overview

    XLS 1.47 MB