Key Facts about Gas and Oil Operations

Key Facts about Gas and Oil Operations

Key facts

99% of UK oil and gas occurs in the UK continental shelf (UKCS).

There is a network of 14,000 km of pipelines linking 113 oil platforms, 189 gas platforms and a large number of subsea installations.

There are 337 producing fields, including four which started production in 2014.

Since 1965, over 4,300 exploration and appraisal wells have been drilled at a cost of 70 billion (2014 money).

In 2014 1.1 billion was spent drilling 32 exploration and appraisal wells and 55 million barrels of oil and gas equivalent (boe) of recoverable reserves were discovered. By comparison, in 2008, 1.4 billion was spent drilling 109 exploration and appraisal wells and discoveries amounted to 300-400 million barrels of oil and gas equivalent (boe).

The 2015 Oil & Gas UK Activity Survey shows that the average size of newly discovered oil and gas fields is now 15-20 million boe, compared with an average of 248 million boe in the ten years from 1966-1976.

Since 1965, over 6,750 development wells have been drilled to bring new discoveries into production. Over the last 45 years, exploration and development of the UKs oil and gas reserves has created a supply chain with an unrivalled range of products, services and expertise; there are now over 3,000 companies involved. Based on 2012 figures, the UK offshore oil and gas supply chain has annual turnover of almost 40 billion.

Today, the supply chain provides to exploration and development companies goods and services for:

– engineering, operations, maintenance and decommissioning

– drilling and well equipment design and manufacture

– marine and subsea contractors and equipment

– support services e.g. catering, training, logistics, HSE services,

The capability of this supply chain continues to grow as the UK develops new fields in increasingly deep waters and faces the challenges of extending the operating life of many mature assets in one of the most demanding oil and gas provinces in the world.

The supply chain’s goods and services are now in strong demand in oil and gas provinces around the world. In 2013, exports made up 42 per cent of the UK upstream oil and gas supply chains 40 billion turnover i.e. around 16.8 billion.

Established in 1995, CDA delivers a range of online services via an integrated web portal to provide various sectors of the industry, including exploration and production companies, with a comprehensive and easy-to-use source of quality data on UKCS wells, seismic surveys, production licences and infrastructure.

Established in 1999, the Industry Technology Facilitator (ITF) is driving oil and gas technology development and collaboration. With a membership of international oil and gas operator and service companies, ITF has launched over 200 innovative joint industry projects.