UK expects to produce 11.7 billion boe before 2050

The UK anticipates producing 11.7 billion barrels of oil equivalent between 2016 and 2050, according to new projections from the UK Oil & Gas Authority (OGA).

The detailed projections can be found inside a new report entitled Projections of UK Oil and Gas Production and Expenditure, which also shows that production from the UK Continental Shelf (UKCS) remained stable at 1.63 million boe/d in 2017 compared to 2016. Growth is expected in 2018 with more fields coming online.





More and more companies are currently releasing their 2017 annual results. The major companies to see an increase in UK production between 2016-2017 include Spain’s Repsol (19%) and Chevron (20%), according to data available in Evaluate Energy.

Royal Dutch Shell, France’s Total and BP were among the largest UK producers in 2016 with around 200,000 boe/d, 148,000 boe/d and 113,000 boe/d, respectively1. These companies are all yet to report a full country-by-country breakdown of their European production in 2017, but all have recorded an increase in European production, year-over-year. Both Shell and BP produced more in the UK in 2016 than in any other European country, although Shell did sell a large package of UKCS assets for US$3.8 billion in 2017, which will impact any year-over-year growth in the UK for this company. 37% of Total’s European production in 2016 came from UK fields, second only to neighbouring Norway.

The OGA data also suggests that production from the UKCS will become increasingly oil-weighted in the medium term. Production is projected to fall over time and higher margin products will be the focus. OGA’s current projection for 2023 production is 1.38 million boe/d, 65% of which will be comprised of oil and natural gas liquids. This weighting has increased steadily over the past few years – from a low of 56% in 2006 to just over 60% at the end of 2016, according to data available in Evaluate Energy.

The report from the OGA also states that capital expenditures on the UKCS dropped for the third consecutive year and that both operating costs and decommissioning costs rose marginally in 2017. For more, click here.

Written by Mark Young, a senior analyst with Evaluate Energy. Evaluate Energy is owned by Glacier Media. UK Energy Strategies Ltd. is a joint venture between Glacier Media and Portcullis Public Affairs.


  • Reported natural gas production volumes in cubic feet were converted to boe at the rate of 6 Mcf : 1 bbl to calculate each companies boe/d production volumes.

Change of Ministerial Responsibilities at BEIS

Department for Business, Energy and Industrial Strategy

Change of Ministerial Responsibilities

January 2018

Ministerial responsibilities for the Clean Growth Strategy and for Energy have been brought together in a move which certainly appears logical even though there are clearly risks of delay to established as well as proposed programmes and initiatives. However, this prospect of delay does also represent an opportunity for Industry to come together and prepare itself to make the most of the integration of portfolios.

There remains a compelling case for the clarification of policies needed to secure necessary investment – both short-term and long-term.

Please see below a breakdown of the most relevant Government reshuffle changes.

The Rt Hon Claire Perry, Minister of State for Energy and Clean Growth

Following the reshuffle Ms Perry was promoted to attend cabinet.

The Minister is responsible for:

  • Industrial Strategy
  • carbon budgets
  • international climate change, including International Climate Fund
  • climate science and innovation
  • green finance
  • energy efficiency and heat, including fuel poverty
  • low carbon generation
  • energy retail markets
  • smart meters and smart systems
  • oil and gas, including shale gas
  • security of supply
  • electricity and gas wholesale markets and networks
  • international energy
  • energy security, including resilience and emergency planning

Richard Harrington, Parliamentary Under Secretary of State, Minister for Business and Industry

Responsibilities include:

  • Industrial Strategy
  • Sector Deals
  • aerospace
  • advanced manufacturing
  • materials, including steel
  • automotive
  • nuclear
  • infrastructure and construction
  • professional services
  • rail supply chain
  • defence
  • maritime
  • Pubs Code policy
  • supply chains

No other changes were made to ministerial responsibilities at BEIS.


As the UK prepares to leave the EU there is a strong need for clearer policy signals. Leaving the Single Market, the EU’s Internal Energy Market and Euratom would create greater uncertainty for all stakeholder groups. The Government has a number of challenges in this sector, most notably energy security – which, unless adequate preparations are in place, could lead to outages and/or rapid increases in consumer prices.

So it is vital that Government, with the support of Industry, takes the lead in developing the right energy mix in order to meet both supply and climate targets through 2050 and beyond. UKES is pleased to be able to support this endeavour.

Summary of Statements by Richard Harrington MP as Energy Minister June – September 2017

Since taking up his post in June 2017, the Energy Minister, Richard Harrington has spoken on a range of issues across the energy industry. UKES has compiled the definitive collection of those statements up to September 2017 which is available to download below.

Briefings such as this are regularly produced for UKES’ clients with specific analysis tailored to the particular client’s needs. To find out more about how UKES can help your business succeed in the fast-paced energy sector, please contact us for your free initial consultation.

UKES Summary of Statements, Energy Minister 0617 – 0917