Country Report
United Kingdom upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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
-
Key companies
- Majors
- Independents
-
Geology
- Introduction
- Central North Sea
- Northern North Sea
- Southern Gas Basin
- West of Britain
- Atlantic Margin
- Onshore
-
Exploration
-
Licensing
- 33rd Offshore Round
- 32nd Offshore Round
- Carbon storage licensing
-
Drilling
- Drilling activity
- Historical drilling
- Success rates
-
Unconventionals
- Historical activity (2013-2016)
-
Licensing
- Reserves and resources
-
Production
- Oil
- Gas
-
Infrastructure
- Introduction
-
Costs
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Capital costs
-
Policy and regulation
- 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)
-
Fiscal terms
- 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:
Other reports you may be interested in
Country Report
United Kingdom upstream summary slides
A slide-pack summarising the key upstream issues in the United Kingdom is available from the downloads section.
$5,700
Country Report
Iran upstream summary
Iran is an energy giant. The country has the world's fourth-largest gas reserves behind Russia, the United States, and Qatar; and ...
$11,340
Country Report
Iraq upstream summary slides
To complement our more detailed Iraq upstream summary we provide a slide-pack of the key issues in country.
$5,700
