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UK Continental Shelf Oil & Gas
Annual Upstream Report
Derek Louden Abbian House Tower Street
Tain Ross-shire IV19 1DY
Tel: 01862 892734 Mob: 07876 774412
Email: [email protected]
©Derek W Louden
August 2016
ISBN 978-0-9928748-2-7
All rights reserved. May not be reproduced in whole or in part
without the permission of the author.
While every effort has been made to ensure the accuracy of the information
included in this paper, the author makes no warranty, express or implied, or assumes
any liability for its accuracy or completeness.
2
Acknowledgment
My father Billy Louden passed away on 10th May 2016 following a 15-month struggle with Pancreatic
Cancer.
Anyone overcome with a sudden urge to thank the author for this report could make a donation to:
www.macmillan.org.uk or
www.highlandhospice.org or
www.mariecurie.org.uk
all of whom helped to look after my father during his struggle.
Rest In Peace dad.
3
Contents
1) Executive Summary
2) Operators in 2016
3) Oil Production in 2015
4) Gas Production in 2015
5) New Fields 2015
6) Field Development Pipeline
7) Declining Output & De-commissioning
8) Company Turnover & Taxation
9) Company Profiles & Contact Details
10) Company Debt
11) About the Author
Page 4
Page 7
Page 9
Page 29
Page 52
Page 52
Page 62
Page 68
Page 78
Page 97
Page 102
Note: Cover photo of EnQuest Producer (Alma/Galia) courtesy of EnQuest http://www.enquest.com/media-centre/multimedia/photo-gallery.aspx
4
1) Executive Summary
Oil production on the UK Continental Shelf increased in the latest year for the first time since 2007. Gas output was also slightly up compared with 2014.
Oil production excluding NGLs totalled 44.3 Million Tonnes in 2015, an increase from
37.4 in 2014. Output rose 18.6% in one year with more field start-ups to come.
Gas production rose from 43,322 MMCuM in 2014 to 46,533 MMCuM in 2015 an increase of 7.4% with Laggan/Tormore’s start-up to come in 2016.
Nexen tops the list of Oil producers in 2015 with output of 5.12 million Tonnes.
Centrica heads up the gas list with 6.678Bn Cubic Metres produced in 2015 including production from the Rough storage facility.
1,1
15
11
,52
3
37
,26
7
52
,36
7 7
6,0
75
78
,61
5
87
,60
8
10
0,2
54
10
9,4
37
12
1,5
49
12
2,4
87
12
0,9
43
11
8,8
39
10
9,7
58
87
,24
5
88
,42
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,30
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89
,44
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93
,53
2 1
15
,69
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0,1
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0,3
44
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4,2
15
12
9,1
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8,0
75
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9,5
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8,2
64
99
,06
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88
,71
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78
,16
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,90
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,96
5
66
,41
8
63
,32
3
58
,92
4
49
,07
8
42
,50
4
38
,53
7
37
,36
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44
,31
4
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
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UKCS Oil Output (Thousand Tonnes) 1975-2015
Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2016 https://itportal.decc.gov.uk/pprs/full_production.htm
88
,69
2 10
5,0
46
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0,7
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1,1
48
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,47
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,67
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,39
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,42
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,65
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,07
0
45
,81
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43
,24
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43
,32
2
46
,53
3
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
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UKCS Gas Output (MMCuM) 1995-2015
Source: Adapted from DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
5
The following new fields were brought on stream in 2015: o PEREGRINE (Nexen) o YTHAN (Enquest) o ENOCHDHU (Conoco Phillips) o GODWIN (Talisman) o ALMA (Enquest) o GALIA (Enquest) o CLADHAN (Taqa) o SOLITAIRE (Nexen)
Source: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492019/Field_Start-Ups_in_2015.pdf
A large number of new oilfields are under development and a number of other fields
have temporarily shut down to enhance or renew their production facilities and will return to production soon. Oil production was 44.3 Million Tonnes in 2015. The additions under way target additional production of 47.9 Million Tonnes per annum. It is clear that, even allowing for natural and normal reductions in flow rates as existing fields mature & decline, output will rise substantially from 2014’s low point to be 50% higher by 2018. This is hidden from the public as both DECC/OGA and the OBR are forecasting a decrease in output over the period. This isn’t credible. Output rose in 2015 but OGA & the OBR predicted it would fall. DECC predicts it’ll fall again from 2016 onwards.
The above chart shows oil output from the UKCS in every year from 1975 onwards. It shows the effect of current investment on future production by graphing the projected output from fields which are in the process of coming online. Even allowing for natural rates of decline, the increase between 2013 and 2018 will be over 50 percent.
Wood Mackenzie produced a similar projection to the one above. The OGA’s shows a flatline in output over the same period. This seems impossibly negative. The impossibly negative OGA projection is the one the OBR use when attacking Scottish Government projections. The OBR analysis is partial, it doesn’t reflect reality – it’s wrong.
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/503852/OGA_production_projections_-_February_2016.pdf
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
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Tho
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UK Crude Oil Production by start-up year of field (1975-2015 Actual & 2016-2023 Projected)
Source: DECC Annual Oil Prodn 1975-2015, Company Data 2016-2023
6
The chart below presents an attempt to represent gas production over the same period as oil, from 1975 onwards. The attempt is somewhat fraught since much of the DECC information starts in 1995 (the big green slice) when actual production started much earlier but wasn’t recorded. Reality would be more bell-shaped than what’s here.
Gas is in for an interesting time following the completion of Laggan/Tormore. The Rough
Storage facility is what keeps the lights on in the winter. Centrica has stated that its use will be curtailed this winter. It isn’t clear what steps are being taken to fill this gap.
The price of Brent Crude fell 47.1% in 2015. By contrast the Heren Energy gas price fell by 20.8% in 2015.
0
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000
140,000,000
160,000,000
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Tho
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UK Gas Production by start-up year of field (1975-2015 Actual & 2016-2023 Projected)
Source: DECC Annual Oil Prodn 1975-2015, Company Data 2016-2023
7
2) Operators in 2015 The following Companies operated oilfields on the UKCS in 2015. Click on the links to find further details regarding which fields they control:
4 GEN ENERGY
A J LUCAS GROUP LTD
ALKANE ENERGY PLC
ALPHA PETROLEUM UK HOLDINGS
ALTWOOD PETROLEUM
ANGUS ENERGY LIMITED
ANTRIM ENERGY INC.
APACHE CORPORATION
ARDENT OIL
ARENITE PETROLEUM LIMITED
AREVON ENERGY
ATLANTIC PETROLEUM P/F
AURORA PETROLEUM LIMITED
AZINOR PETROLEUM
BAYERNGAS NORGE AS
BG INTERNATIONAL
BHP BILLITON PETROLEUM
BIOGAS TECHNOLOGY
BLACKLAND PARK EXPLORATION
BP EXPLORATION
BRIGANTES ENERGY
BRITISH DRILLING AND FREEZING COMPANY
BROCKHAM CAPITAL LIMITED
BURGATE E&P
CAIRN ENERGY PLC
CALENERGY GAS (HOLDINGS)
CARSTONE EXPLORATION
CELTIQUE ENERGY HOLDINGS
CENTRICA
CENTRICA STORAGE HOLDINGS
CHEVRON CORPORATION
CHRYSAOR HOLDINGS
CIECO UK
CIRQUE ENERGY (UK) LIMITED
CLUFF NATURAL RESOURCES PLC
CNOOC LIMITED
CNR INTERNATIONAL
COMTRACK VENTURES
CONNAUGHT OIL & GAS LTD.
CONOCOPHILLIPS
CORFE ENERGY
CUADRILLA RESOURCES
DANSK OLIE OG NATURGAS A/S
DORIEMUS PLC
DYAS B.V.
ECORP INTERNATIONAL
EDEN ENERGY LIMITED
EDISON SPA
EGDON RESOURCES
EGERTON ENERGY VENTURES
ENCOUNTER OIL
ENDEAVOUR ENERGY
ENEGI OIL PLC
ENERGY RESOURCE TECHNOLOGY
ENGIE E&P
ENI UK LIMITED
ENQUEST PLC
EOG RESOURCES INC.
EUROPA OIL AND GAS
EXXONMOBIL INTERNATIONAL
FAROE PETROLEUM PLC
FIRST OIL EXPRO
FREQUENT OIL
FYRD ENERGY LIMITED
GAS-UNION GMBH
GAZPROM INTERNATIONAL
GROLIFFE
GTO LIMITED
HANSA HYDROCARBONS
HESS LIMITED
HIBISCUS PETROLEUM
HIGHLAND PETROLEUM LIMITED
HOLYWELL RESOURCES
HORIZON ENERGY PARTNERS
HORSE HILL DEVELOPMENTS LTD
HURRICANE EXPLORATION
HUTTON ENERGY LIMITED
IDEMITSU KOSAN
IGAS PLC
INDEPENDENT OIL AND GAS
INEOS INDUSTRIES
INFRASTRATA PLC
IONA ENERGY COMPANY
ITHACA ENERGY INC.
8
JERSEY OIL AND GAS PLC
JAPAN PETROLEUM EXPLORATION CO.
JX NIPPON OIL & GAS
KIMMERIDGE ENERGY MANAGEMENT LTD
KOREA NATIONAL OIL CORPORATION
KUWAIT PETROLEUM CORPORATION
MAERSK GROUP
MAGELLAN PETROLEUM CORPORATION
MARATHON OIL UK LIMITED
MARGIN OIL AND GAS (UK) LIMITED
MARUBENI OIL & GAS
MITSUBISHI CORPORATION
MITSUI E&P UK LIMITED
MOL GROUP
MONTROSE INDUSTRIES
MOORLAND ENERGY
MURPHY PETROLEUM
NATIONAL IRANIAN OIL CO.
NOBLE ENERGY
NORTH SEA ENERGY INC.
NORWEGIAN ENERGY COMPANY ASA
NORWEST ENERGY
OK ENERGY LIMITED
OMV (UK) LIMITED
ONSHORE OILFIELD SERVICES LIMITED
ORANJE-NASSAU ENERGIE
ORIGO EXPLORATION
PARKMEAD GROUP PLC
PERENCO OIL & GAS
PETROFAC
PETROGAS INTERNATIONAL
PETRONAS ENERGY TRADING
PING PETROLEUM LIMITED
PREMIER OIL PLC
REACH ENERGY LIMITED
REACH OIL & GAS
REPSOL SINOPEC RESOURCES
ROYAL DUTCH SHELL
SCOTTISH AND SOUTHERN ENERGY PLC
SCOTTISH POWER PLC
SERICA ENERGY
SOJITZ UK PLC
SONOREX OIL AND GAS
SPIKE EXPLORATION
STATOIL ASA
STEAM OIL PRODUCTION COMPANY LTD
STELINMATVIC INDUSTRIES
STERLING RESOURCES
SUMITOMO CORPORATION
SUNCOR ENERGY INC.
SWIFT EXPLORATION
TAQA EUROPA B.V.
TERRAIN ENERGY
TGS GEOPHYSICAL COMPANY (UK) LIMITED
THE CHATSWORTH ESTATES COMPANY
THIRD ENERGY
THIRD ENERGY OFFSHORE LIMITED
TOTAL UPSTREAM UK LIMITED
TULLOW UK
U.K. ONSHORE GAS LIMITED
UK OIL & GAS INVESTMENTS PLC
UNION JACK OIL PLC
VERITAS GEOPHYSICAL
VERUS PETROLEUM
WARWICK ENERGY
WESSEX HYDROCARBONS LIMITED
WESTOIL LIMITED
WINGAS GMBH
WINTERSHALL B.V.
XCITE ENERGY
YORKSHIRE EXPLORATION LIMITED
ZENNOR PETROLE
Source: https://itportal.decc.gov.uk/information/licence_reports/databycompanyandblock.html
9
3) Oil Production
Oil Production by Field:
Field Name 2015
Production
(Tonnes)
2015 Production
(Barrels) Value $
2015 Production
(Barrels/day)
BUZZARD 8,151,738 59,752,240 $ 3,130,419,854 163,705
GOLDEN EAGLE 2,196,393 16,099,561 $ 843,456,001 44,108
FORTIES 2,057,166 15,079,027 $ 789,990,225 41,312
FRANKLIN 1,436,871 10,532,264 $ 551,785,311 28,856
CAPTAIN 1,402,852 10,282,905 $ 538,721,393 28,172
KINNOULL 1,288,250 9,442,873 $ 494,712,116 25,871
FOINAVEN 1,163,192 8,526,197 $ 446,687,461 23,359
BALLOCH 969,913 7,109,462 $ 372,464,714 19,478
JASMINE 905,453 6,636,970 $ 347,710,858 18,183
CLAIR 883,957 6,479,405 $ 339,456,028 17,752
WYTCH FARM 778,510 5,706,478 $ 298,962,382 15,634
ALBA 667,605 4,893,545 $ 256,372,823 13,407
HUNTINGTON 588,051 4,310,414 $ 225,822,589 11,809
HARDING 570,585 4,182,388 $ 219,115,307 11,459
MAGNUS 547,642 4,014,216 $ 210,304,776 10,998
NINIAN 488,630 3,581,658 $ 187,643,063 9,813
GRYPHON 469,715 3,443,011 $ 180,379,346 9,433
BERYL 452,831 3,319,251 $ 173,895,560 9,094
GANNET F 447,225 3,278,159 $ 171,742,750 8,981
SHEARWATER 440,810 3,231,137 $ 169,279,267 8,852
CLAYMORE 436,434 3,199,061 $ 167,598,806 8,765
WEST BRAE 434,070 3,181,733 $ 166,690,992 8,717
SCOTT 434,000 3,181,220 $ 166,664,116 8,716
MACLURE 431,810 3,165,167 $ 165,823,099 8,672
BLAKE 410,576 3,009,522 $ 157,668,858 8,245
NELSON 402,550 2,950,692 $ 154,586,754 8,084
PEREGRINE 399,640 2,929,361 $ 153,469,223 8,026
GANNET A 382,796 2,805,895 $ 147,000,839 7,687
PIERCE 382,310 2,802,332 $ 146,814,173 7,678
THISTLE 367,870 2,696,487 $ 141,268,954 7,388
MACHAR 365,458 2,678,807 $ 140,342,699 7,339
CORMORANT SOUTH 313,892 2,300,828 $ 120,540,379 6,304
BITTERN 295,997 2,169,658 $ 113,668,383 5,944
CORMORANT NORTH 292,300 2,142,559 $ 112,248,666 5,870
NEVIS 285,320 2,091,396 $ 109,568,236 5,730
CHESTNUT 271,743 1,991,876 $ 104,354,384 5,457
10
MUNGO 264,910 1,941,790 $ 101,730,378 5,320
DON SOUTH WEST 259,724 1,903,777 $ 99,738,877 5,216
TULLICH 251,450 1,843,129 $ 96,561,528 5,050
TERN 246,920 1,809,924 $ 94,821,918 4,959
BACCHUS 245,188 1,797,228 $ 94,156,775 4,924
PELICAN 239,520 1,755,682 $ 91,980,180 4,810
CALLANISH 239,016 1,751,987 $ 91,786,599 4,800
ALWYN NORTH 235,353 1,725,137 $ 90,379,927 4,726
DOUGLAS 223,424 1,637,698 $ 85,798,998 4,487
BRAE SOUTH 221,651 1,624,702 $ 85,118,138 4,451
Enochdhu 220,691 1,617,665 $ 84,749,469 4,432
PIPER 219,680 1,610,254 $ 84,361,207 4,412
BANFF 218,430 1,601,092 $ 83,881,210 4,387
TELFORD 214,630 1,573,238 $ 82,421,939 4,310
ERSKINE 210,297 1,541,477 $ 80,757,980 4,223
ATHENA 207,148 1,518,395 $ 79,548,714 4,160
ETTRICK 206,504 1,513,674 $ 79,301,381 4,147
ELGIN 200,330 1,468,419 $ 76,930,471 4,023
KYLE 195,516 1,433,132 $ 75,081,785 3,926
STATFJORD 193,310 1,416,962 $ 74,234,639 3,882
WEST DON 192,960 1,414,397 $ 74,100,259 3,875
BRODGAR 192,507 1,411,076 $ 73,926,272 3,866
PENGUIN EAST 192,070 1,407,873 $ 73,758,466 3,857
GUILLEMOT A 185,764 1,361,650 $ 71,336,844 3,731
DUNBAR 181,178 1,328,035 $ 69,575,754 3,638
COOK 180,352 1,321,980 $ 69,258,532 3,622
JADE 171,889 1,259,946 $ 66,008,571 3,452
JANICE 169,832 1,244,869 $ 65,218,687 3,411
DONAN {MAERSK} 168,700 1,236,571 $ 64,783,955 3,388
MADOES 162,306 1,189,703 $ 62,328,540 3,259
STARLING 160,040 1,173,093 $ 61,458,342 3,214
HEATHER {AND EXT} 140,274 1,028,208 $ 53,867,817 2,817
BUCHAN 137,384 1,007,025 $ 52,758,040 2,759
Ythan 136,650 1,001,645 $ 52,476,182 2,744
JUDY 123,075 902,140 $ 47,263,115 2,472
GUILLEMOT NW 118,453 868,260 $ 45,488,141 2,379
DEVENICK 115,129 843,896 $ 44,211,711 2,312
BRITANNIA 112,895 827,520 $ 43,353,773 2,267
HOWE 112,395 823,855 $ 43,161,763 2,257
BROOM 108,373 794,374 $ 41,617,254 2,176
BLANE 108,165 792,849 $ 41,537,359 2,172
ANDREW 108,088 792,285 $ 41,507,811 2,171
11
TWEEDSMUIR SOUTH 107,030 784,530 $ 41,101,527 2,149
JOANNE 106,977 784,141 $ 41,081,147 2,148
ROCHELLE 104,000 762,320 $ 39,937,945 2,089
BRUCE 102,782 753,392 $ 39,470,207 2,064
THELMA 102,180 748,979 $ 39,239,010 2,052
TIFFANY 100,630 737,618 $ 38,643,807 2,021
BRENDA 97,056 711,420 $ 37,271,294 1,949
MACCULLOCH 96,488 707,257 $ 37,053,194 1,938
GROUSE 93,645 686,418 $ 35,961,439 1,881
BLACKBIRD 93,528 685,560 $ 35,916,488 1,878
HIGHLANDER 92,261 676,273 $ 35,429,942 1,853
FULMAR 91,563 671,157 $ 35,161,915 1,839
CLAPHAM 87,298 639,894 $ 33,524,047 1,753
LOCHRANZA 85,192 624,457 $ 32,715,302 1,711
DUNLIN 84,618 620,250 $ 32,494,898 1,699
GUILLEMOT W 83,569 612,561 $ 32,092,071 1,678
CAUSEWAY 79,897 585,645 $ 30,681,942 1,605
CORMORANT EAST 78,386 574,569 $ 30,101,670 1,574
BURGHLEY 74,937 549,288 $ 28,777,198 1,505
BRAE CENTRAL 72,003 527,782 $ 27,650,499 1,446
Godwin 70,440 516,325 $ 27,050,267 1,415
DUART 69,378 508,541 $ 26,642,463 1,393
PENGUIN WEST 68,980 505,623 $ 26,489,589 1,385
DEVERON 68,277 500,470 $ 26,219,623 1,371
EVEREST 67,492 494,716 $ 25,918,171 1,355
MERGANSER 66,659 488,610 $ 25,598,278 1,339
LYELL 65,555 480,518 $ 25,174,338 1,316
GOOSANDER 65,260 478,356 $ 25,061,071 1,311
AFFLECK 64,898 475,702 $ 24,922,028 1,303
MALLARD 64,733 474,493 $ 24,858,688 1,300
MAULE 63,461 465,169 $ 24,370,204 1,274
EIDER 63,222 463,417 $ 24,278,417 1,270
BOA 63,064 462,259 $ 24,217,749 1,266
AUK NORTH 62,175 455,743 $ 23,876,376 1,249
TEAL 59,690 437,528 $ 22,922,092 1,199
WOOD 57,920 424,554 $ 22,242,384 1,163
TONTO 53,260 390,396 $ 20,452,846 1,070
SCAPA 52,110 381,966 $ 20,011,199 1,046
SAXON 52,010 381,233 $ 19,972,797 1,044
FIONN 50,212 368,054 $ 19,282,349 1,008
ELLON 49,718 364,433 $ 19,092,645 998
HUDSON 49,177 360,467 $ 18,884,866 988
12
SEYMOUR 48,650 356,605 $ 18,682,536 977
MONAN 45,900 336,447 $ 17,626,458 922
AUK 43,407 318,173 $ 16,669,083 872
CURLEW C 43,178 316,495 $ 16,581,173 867
KINGFISHER 42,476 311,349 $ 16,311,574 853
Galia 42,431 311,019 $ 16,294,285 852
BRAEMAR 42,073 308,395 $ 16,156,814 845
OSPREY 41,570 304,708 $ 15,963,652 835
CLYDE 41,448 303,814 $ 15,916,815 832
ARBROATH 41,371 303,249 $ 15,887,215 831
ORION 40,990 300,457 $ 15,740,942 823
Alma 39,429 289,015 $ 15,141,496 792
COLUMBA BD 35,505 260,252 $ 13,634,602 713
JAMES 34,398 252,137 $ 13,209,457 691
BALMORAL 31,907 233,878 $ 12,252,868 641
RHUM 31,290 229,356 $ 12,015,961 628
WELTON 31,280 229,282 $ 12,012,084 628
SCOTER 31,220 228,843 $ 11,989,085 627
GRANT 30,694 224,987 $ 11,787,069 616
JURA 29,895 219,130 $ 11,480,221 600
GANNET D 28,777 210,935 $ 11,050,885 578
NICOL 28,430 208,392 $ 10,917,657 571
BUCKLAND 28,406 208,216 $ 10,908,436 570
FALCON 28,041 205,541 $ 10,768,293 563
FLEMING 26,609 195,044 $ 10,218,355 534
Cladhan 25,575 187,465 $ 9,821,291 514
PICT 24,640 180,611 $ 9,462,210 495
BRAE NORTH 24,450 179,219 $ 9,389,283 491
BIRCH 24,337 178,390 $ 9,345,852 489
HERON 23,917 175,312 $ 9,184,596 480
TARTAN 23,810 174,527 $ 9,143,470 478
TWEEDSMUIR 23,490 172,182 $ 9,020,615 472
SINGLETON 23,350 171,156 $ 8,966,863 469
CURLEW 22,218 162,858 $ 8,532,131 446
DOUGLAS WEST 21,388 156,774 $ 8,213,390 430
MARNOCK 20,636 151,262 $ 7,924,616 414
LOMOND 18,787 137,709 $ 7,214,575 377
BRAE EAST 18,511 135,686 $ 7,108,590 372
BRENT 16,884 123,760 $ 6,483,786 339
STRATHSPEY 16,720 122,558 $ 6,420,814 336
STOCKBRIDGE 16,700 122,411 $ 6,413,112 335
KEITH 16,582 121,546 $ 6,367,795 333
13
SKENE 14,970 109,730 $ 5,748,755 301
STIRLING 14,350 105,186 $ 5,510,695 288
SYCAMORE 13,100 96,023 $ 5,030,645 263
HUMBLY GROVE 12,966 95,041 $ 4,979,198 260
MERLIN 11,168 81,861 $ 4,288,698 224
COLUMBA E 10,210 74,839 $ 3,920,815 205
LARCH 9,811 71,915 $ 3,767,627 197
ROSS 9,410 68,975 $ 3,613,600 189
CONRIE 8,680 63,624 $ 3,333,261 174
MARIA 8,278 60,678 $ 3,178,920 166
Solitaire 8,230 60,326 $ 3,160,479 165
HORNDEAN 7,135 52,300 $ 2,739,997 143
MONTROSE 6,940 50,870 $ 2,665,079 139
DRAKE 6,851 50,218 $ 2,630,921 138
DUNLIN SOUTH WEST 6,512 47,733 $ 2,500,732 131
BEAULY 6,160 45,153 $ 2,365,566 124
GLENTWORTH 5,770 42,294 $ 2,215,783 116
SCAMPTON NORTH 5,380 39,435 $ 2,066,000 108
WAREHAM 4,890 35,844 $ 1,877,867 98
ISLAY 4,748 34,803 $ 1,823,329 95
BECKINGHAM 4,719 34,590 $ 1,812,170 95
BEINN 4,609 33,784 $ 1,769,944 93
BLETCHINGLEY 4,403 32,274 $ 1,690,835 88
BARDOLINO 4,335 31,776 $ 1,664,745 87
LENNOX 4,291 31,453 $ 1,647,823 86
GAINSBOROUGH 4,213 30,881 $ 1,617,856 85
COLD HANWORTH 4,113 30,148 $ 1,579,454 83
MEDWIN 4,052 29,701 $ 1,556,035 81
NESS 3,440 25,215 $ 1,321,014 69
LONG CLAWSON 3,338 24,468 $ 1,281,879 67
AVINGTON 3,089 22,642 $ 1,186,214 62
GANNET C 3,056 22,400 $ 1,173,536 61
WEST FIRSBY 3,040 22,283 $ 1,167,406 61
PALMERS WOOD 2,800 20,524 $ 1,075,252 56
ENOCH 2,783 20,399 $ 1,068,704 56
KIMMERIDGE 2,217 16,251 $ 851,390 45
STORRINGTON 1,920 14,074 $ 737,337 39
BOTHAMSALL 1,704 12,490 $ 654,351 34
LEVEN 1,689 12,380 $ 648,588 34
EAST GLENTWORTH 1,534 11,244 $ 589,073 31
CROSBY WARREN 1,395 10,225 $ 535,688 28
KEDDINGTON 1,284 9,412 $ 493,095 26
14
CORRINGHAM 1,276 9,353 $ 490,004 26
GOODWORTH 1,157 8,481 $ 444,320 23
BROCKHAM 970 7,110 $ 372,493 19
CARNOUSTIE 918 6,729 $ 352,532 18
FISKERTON AIRFIELD 692 5,072 $ 265,722 14
ARKWRIGHT 691 5,065 $ 265,355 14
LIDSEY 671 4,918 $ 257,654 13
WEST BECKINGHAM 670 4,911 $ 257,287 13
NETHAN 650 4,765 $ 249,638 13
BEATRICE 639 4,684 $ 245,395 13
REMPSTONE 540 3,958 $ 207,360 11
FARLEYS WOOD 535 3,922 $ 205,474 11
EGMANTON 522 3,826 $ 200,444 10
WHISBY 450 $ -
NETTLEHAM 210 1,539 $ 80,628 4
STAINTON 210 1,539 $ 80,628 4
MIRREN 180 1,319 $ 69,102 4
HAWKINS 160 1,173 $ 61,453 3
SOUTH LEVERTON 140 1,026 $ 53,752 3
BRECHIN 131 960 $ 50,294 3
NEWTON ON TRENT 60 440 $ 23,052 1
Note: Oil price per barrel $52.39 is taken from BP Statistical Review of World Energy 2016 page 14. No attempt has been made to determine the quality of oil in each field and to adjust accordingly. Sales value is therefore an approximation based on an average price for Brent Crude in 2015.
15
8,1
51
,73
8
2,1
96
,39
3
2,0
57
,16
6
1,4
36
,87
1
1,4
02
,85
2
1,2
88
,25
0
1,1
63
,19
2
96
9,9
13
90
5,4
53
88
3,9
57
77
8,5
10
66
7,6
05
58
8,0
51
57
0,5
85
54
7,6
42
48
8,6
30
46
9,7
15
45
2,8
31
44
7,2
25
44
0,8
10
North Sea Oil Output by Field Top 20 Annual Total (Tonnes) 2015
Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2016 https://itportal.decc.gov.uk/pprs/full_production.htm
16
7,7
17
,83
0
1,9
07
,04
0
1,7
64
,72
0
1,1
49
,84
0
88
0,5
20
87
0,1
40
83
1,8
90
83
1,5
90
67
5,6
80
64
3,8
60
57
6,7
10
56
8,6
80
56
6,0
00
56
1,8
20
52
2,2
90
49
9,3
60
47
9,4
80
42
7,5
90
42
0,8
20
39
2,8
20
North Sea Oil Output by Field Top 20 Annual Total (Tonnes) 2014
Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2015 https://itportal.decc.gov.uk/pprs/full_produ ction.htm
17
9,0
83
,08
0
1,9
80
,79
0
1,5
70
,45
0
1,3
57
,16
0
91
1,4
90
82
3,2
50
58
3,6
50
54
5,1
00
54
0,7
10
54
0,3
00
52
7,9
50
52
5,6
90
46
5,4
00
46
0,8
00
44
0,8
20
43
5,4
90
43
5,2
60
43
5,0
90
43
2,0
70
41
7,7
40
North Sea Oil Output by Field Top 20 Annual Total (Tonnes) 2013
Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June 2014 https://www.og.decc.gov.uk/pprs/full_production.htm
18
9,1
41
,11
1.
3,0
42
,65
2.
2,6
58
,10
5.
2,2
61
,63
8.
1,9
69
,38
9.
1,9
67
,28
9.
1,7
58
,75
8.
1,5
80
,38
2.
1,3
05
,92
9.
1,1
47
,19
5.
93
5,5
32
.
90
2,2
96
.
89
4,1
82
.
81
5,7
92
.
80
3,3
24
.
78
6,2
57
.
64
9,0
57
.
61
7,7
42
.
61
1,3
49
.
58
2,2
91
.
UKCS Oil Output by Field Top 20 Annual Total (Tonnes) 2009
19
Oil Production by Company:
Equity Holder Tonnes
2015
Production (Barrels) Value $
2015 Production
(Barrels/day)
NEXEN PETROLEUM U.K. LIMITED 5,120,578 37,533,837 $ 1,966,397,720 102,832
BP 3,671,052 26,908,811 $ 1,409,752,608 73,723
MAERSK OIL NORTH SEA UK LIMITED 3,434,771 25,176,871 $ 1,319,016,272 68,978
SUNCOR ENERGY UK LIMITED 3,131,732 22,955,596 $ 1,202,643,674 62,892
BG INTERNATIONAL LIMITED 2,843,606 20,843,632 $ 1,091,997,880 57,106
APACHE 2,816,108 20,642,072 $ 1,081,438,152 56,554
SHELL U.K. LIMITED 2,456,285 18,004,569 $ 943,259,370 49,328
TAQA BRATANI LIMITED 2,215,098 16,236,668 $ 850,639,037 44,484
CHEVRON NORTH SEA LIMITED 2,001,666 14,672,212 $ 768,677,187 40,198
TALISMAN SINOPEC ENERGY UK LTD 1,655,171 12,132,403 $ 635,616,593 33,239
ESSO E&P UK LIMITED 1,465,033 10,738,692 $ 562,600,074 29,421
CONOCOPHILLIPS (U.K.) LIMITED 1,246,726 9,138,502 $ 478,766,120 25,037
TOTAL E&P UK LIMITED 1,167,692 8,559,182 $ 448,415,545 23,450
ENQUEST 1,128,552 8,272,286 $ 433,385,064 22,664
DANA PETROLEUM (E&P) LIMITED 1,049,427 7,692,300 $ 402,999,597 21,075
ENI 1,032,360 7,567,199 $ 396,445,556 20,732
CNR 1,029,931 7,549,394 $ 395,512,752 20,683
PREMIER OIL UK LIMITED 707,634 5,186,957 $ 271,744,677 14,211
MARATHON OIL U.K. LLC 640,181 4,692,527 $ 245,841,490 12,856
CENTRICA 627,493 4,599,524 $ 240,969,062 12,601
DYAS EOG LIMITED 578,193 4,238,155 $ 222,036,940 11,611
ITHACA ENERGY (UK) LIMITED 549,827 4,030,232 $ 211,143,854 11,042
JX NIPPON E & P (U.K.) LIMITED 514,979 3,774,796 $ 197,761,562 10,342
PERENCO UK LIMITED 394,626 2,892,609 $ 151,543,786 7,925
ENDEAVOUR ENERGY UK LIMITED 298,221 2,185,960 $ 114,522,444 5,989
E.ON E&P UK LIMITED 241,171 1,767,783 $ 92,614,151 4,843
TRANSWORLD PETROLEUM (U.K.) LTD 177,008 1,297,469 $ 67,974,401 3,555
GDF SUEZ E&P UK LTD 176,439 1,293,298 $ 67,755,882 3,543
FIRST OIL 158,567 1,162,296 $ 60,892,687 3,184
MOL OPERATIONS UK LTD 153,764 1,127,090 $ 59,048,245 3,088
IGAS ENERGY plc 120,314 881,902 $ 46,202,846 2,416
NORECO OIL (UK) LIMITED 117,610 862,081 $ 45,164,424 2,362
STATOIL (U.K.) LIMITED 113,493 831,904 $ 43,583,451 2,279
IDEMITSU PETROLEUM UK LTD. 105,579 773,894 $ 40,544,307 2,120
FAIRFIELD 100,708 738,190 $ 38,673,774 2,022
MITSUI E&P UK LIMITED 98,918 725,069 $ 37,986,365 1,986
IONA UK HUNTINGTON LIMITED 88,208 646,565 $ 33,873,540 1,771
MARUBENI OIL & GAS (U.K.) LIMITED 80,999 593,723 $ 31,105,148 1,627
EDISON E&P UK LTD 79,039 579,356 $ 30,352,461 1,587
ATLANTIC PETROLEUM NORTH SEA LTD 66,621 488,332 $ 25,583,713 1,338
SOJITZ ENERGY PROJECT LIMITED 63,412 464,810 $ 24,351,396 1,273
20
ORANJE-NASSAU ENERGIE HANZE 50,053 366,888 $ 19,221,262 1,005
MCX 43,160 316,363 $ 16,574,258 867
PARKMEAD (E&P) LIMITED 41,430 303,682 $ 15,909,900 832
FAROE PETROLEUM (U.K.) LIMITED 40,654 297,994 $ 15,611,906 816
SERICA ENERGY (UK) LIMITED 37,853 277,462 $ 14,536,234 760
VERUS PETROLEUM (PRODUCTION) LTD 37,824 277,250 $ 14,525,128 760
SUMMIT E&P LIMITED 35,854 262,810 $ 13,768,616 720
Antrim Resources Limited 34,947 256,162 $ 13,420,327 702
OMV (U.K.) LIMITED 33,700 247,021 $ 12,941,430 677
SPIKE EXPLORATION UK LTD 31,072 227,758 $ 11,932,242 624
TRAP OIL LTD 31,072 227,758 $ 11,932,242 624
Kuwait Foreign Petroleum Explorn Coy 28,651 210,012 $ 11,002,529 575
BHP BILLITON PETROLEUM GB LTD 21,723 159,230 $ 8,342,060 436
ZEUS PETROLEUM LIMITED 20,715 151,841 $ 7,954,950 416
RIGEL PETROLEUM (NI) LIMITED 15,980 117,133 $ 6,136,598 321
IRANIAN OIL COMPANY (U.K.) LIMITED 15,645 114,678 $ 6,007,980 314
NOBLE ENERGY (OILEX) LIMITED 13,508 99,014 $ 5,187,343 271
INEOS UK SNS LIMITED 13,010 95,363 $ 4,996,068 261
HUMBLY GROVE ENERGY LIMITED 12,966 95,041 $ 4,979,198 260
CIECO E&P (UK) LIMITED 12,673 92,893 $ 4,866,664 255
EQ PETROLEUM SABAH LTD 8,011 58,721 $ 3,076,393 161
EUROPA OIL & GAS LIMITED 4,435 32,509 $ 1,703,147 89
EGDON RESOURCES U.K. LIMITED 2,398 17,577 $ 920,859 48
BRIDGE ENERGY (SNS) LIMITED 977 7,161 $ 375,165 20
ANGUS ENERGY WEALD BASIN NO.3 LTD 918 6,729 $ 352,532 18
DART ENERGY LIMITED 737 5,402 $ 283,011 15
UKOG (GB) LIMITED 714 5,234 $ 274,209 14
CIRQUE ENERGY (UK) LIMITED 692 5,072 $ 265,722 14
ECORP OIL & GAS UK LIMITED 569 4,171 $ 218,519 11
ONSHORE PRODUCTION SERVICES LTD 535 3,922 $ 205,474 11
TERRAIN ENERGY LIMITED 521 3,819 $ 200,077 10
STERLING RESOURCES (UK) PLC 512 3,753 $ 196,620 10
BLACKLAND PARK EXPLORATION LTD 450 3,299 $ 172,835 9
EDINBURGH OIL & GAS LIMITED 429 3,145 $ 164,767 9
IS E&P Limited 308 2,258 $ 118,297 6
AURORA EXPLORATION 257 1,884 $ 98,703 5
DORIEMUS PLC 231 1,693 $ 88,696 5
BROCKHAM CAPITAL LIMITED 164 1,202 $ 62,973 3
Northern Petroleum 154 1,129 $ 59,148 3
NAUTICAL PETROLEUM LIMITED 128 938 $ 49,142 3
ALTAQUEST ENERGY CORP (UK) LTD 60 440 $ 23,052 1
44,314,482 324,825,159 17,017,590,083 889,928
Note: Oil price ($52.39) is taken from BP Statistical Review of World Energy 2016 page 14. No attempt has been made to determine the quality of oil in each field and to adjust accordingly. Sales value is therefore an approximation based on an average Brent price for 2015.
21
8,1
51
,73
8
2,1
96
,39
3
2,0
57
,16
6
1,4
36
,87
1
1,4
02
,85
2
1,2
88
,25
0
1,1
63
,19
2
96
9,9
13
90
5,4
53
88
3,9
57
77
8,5
10
66
7,6
05
58
8,0
51
57
0,5
85
54
7,6
42
48
8,6
30
46
9,7
15
45
2,8
31
44
7,2
25
44
0,8
10
North Sea Oil Output by Field Top 20 Annual Total (Tonnes) 2015
Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2016 https://itportal.decc.gov.uk/pprs/full_produ ction.htm
22
4,3
50
,07
0
2,8
92
,36
8
2,8
61
,97
1
2,4
70
,36
0
2,3
35
,09
0
2,3
70
,32
1
1,9
92
,32
1
1,6
15
,46
4
1,6
04
,52
2
1,4
56
,99
0
1,4
26
,52
9
1,1
73
,54
3
1,1
50
,09
7
98
6,7
43
92
2,9
63
84
0,0
78
80
6,0
71
67
4,0
90
63
3,8
52
48
1,9
06
NEX
EN P
ETR
OLE
UM
AP
AC
HE
BG
INTE
RN
ATI
ON
AL
LIM
ITED
TAQ
A B
RA
TAN
I LIM
ITED
SUN
CO
R E
NER
GY
UK
LIM
ITED
BP
MA
ERSK
OIL
NO
RTH
SEA
SHEL
L U
.K. L
IMIT
ED
CH
EVR
ON
NO
RTH
SEA
LIM
ITED
CO
NO
CO
PH
ILLI
PS
(U.K
.) L
IMIT
ED
TALI
SMA
N S
INO
PEC
ENI
ENQ
UES
T
TOTA
L E&
P U
K L
IMIT
ED
ESSO
E&
P U
K L
IMIT
ED
CN
R
DA
NA
PET
RO
LEU
M (
E&P
) LIM
ITED
PR
EMIE
R O
IL U
K L
IMIT
ED
CEN
TRIC
A
MA
RA
THO
N O
IL U
.K. L
LC
UKCS Oil Output by Company Annual Total (Tonnes) 2014
Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2015 https://itportal.decc.gov.uk/pprs/full_produ ction.htm
23
4,9
11
,02
2
3,0
56
,15
7
2,4
39
,06
8
2,7
41
,34
6
2,7
15
,84
1
2,1
07
,38
6
1,9
89
,03
5
1,5
84
,28
3
1,4
72
,43
7
1,1
35
,82
5
1,0
12
,52
9
95
9,0
22
87
9,6
47
84
5,6
12
87
6,6
72
73
1,1
56
81
8,9
04
75
8,5
49
67
0,1
94
62
6,0
95
NEX
EN
AP
AC
HE
NO
RTH
SEA
LIM
ITED
BP
BG
Gro
up
SUN
CO
R E
NER
GY
UK
LIM
ITED
TAQ
A B
RA
TAN
I
CH
EVR
ON
NO
RTH
SEA
LIM
ITED
TALI
SMA
N S
INO
PEC
EN
ERG
Y U
K L
IMIT
ED
MA
ERSK
OIL
ENQ
UES
T
DA
NA
PET
RO
LEU
M
CO
NO
CO
PH
ILLI
PS
(U.K
.) L
IMIT
ED
CN
R IN
TER
NA
TIO
NA
L
CEN
TRIC
A R
ESO
UR
CES
LIM
ITED
SHEL
L
TOTA
L E&
P U
K L
IMIT
ED
ESSO
EX
PLO
RA
TIO
N A
ND
PR
OD
UC
TIO
N U
K L
IMIT
ED
ENTE
RP
RIS
E O
IL L
IMIT
ED
MA
RA
THO
N O
IL
PR
EMIE
R O
IL
UKCS Oil Output by Company Annual Total (Tonnes) 2013
Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June 2014 https://www.og.decc.gov.uk/pprs/full_production.htm
24
6,8
10
,55
1
4,8
37
,89
3
4,0
21
,04
9
3,5
08
,66
5
3,4
61
,34
0
3,2
82
,48
8
3,1
85
,01
1
3,0
61
,32
9
3,0
43
,07
7
2,9
55
,63
2
2,8
69
,21
0
2,2
73
,10
1
1,7
33
,08
0
1,6
91
,33
4
1,6
07
,22
6
1,3
75
,38
0
1,0
49
,07
2
95
6,3
53
70
1,6
62
70
0,2
13
UKCS Oil Output by Company Top 20 Annual Total (Tonnes) 2009
25
Equity Holder Tonnes 2015 Tonnes 2014 Difference
MAERSK OIL 3,434,771 1,992,321 1,442,450
BP 3,671,052 2,370,321 1,300,731
SHELL 2,456,285 1,615,464 840,821
SUNCOR ENERGY UK LIMITED 3,131,732 2,335,090 796,642
NEXEN 5,120,578 4,350,070 770,508
ESSO E & P UK LIMITED 1,465,033 922,963 542,070
DYAS UK LIMITED 578,193 64,417 513,776
CHEVRON NORTH SEA LIMITED 2,001,666 1,604,522 397,144
JX NIPPON E&P (U.K.) LIMITED 514,979 206,231 308,748
TOTAL E&P UK LIMITED 1,167,692 894,835 272,857
DANA PETROLEUM 1,049,427 806,071 243,356
TALISMAN SINOPEC ENERGY UK LTD 1,655,171 1,426,529 228,642
CNR INTERNATIONAL 1,029,931 840,078 189,853
MARATHON OIL 640,181 481,906 158,275
ITHACA 549,827 463,468 86,359
GDF SUEZ E&P UK LTD 176,439 94,850 81,589
EDISON E&P UK LTD 79,039 - 79,039
MARUBENI OIL & GAS 80,999 27,997 53,002
ORANJE-NASSAU ENERGIE HANZE (UK) LIMITED 50,053 - 50,053
E.ON E&P 241,171 200,350 40,821
SERICA ENERGY (UK) LIMITED 37,853 - 37,853
VERUS PETROLEUM (PRODUCTION) LTD 37,824 37,824
PREMIER OIL 707,634 674,090 33,544
Kuwait Foreign Petroleum Explorn Coy 28,651 - 28,651
TRANSWORLD PETROLEUM (U.K.) LIMITED 177,008 148,923 28,085
SUMMIT PETROLEUM 35,854 19,375 16,479
IRANIAN OIL COMPANY (U.K.) LIMITED 15,645 1,625 14,020
INEOS UK SNS LIMITED 13,010 13,010
IDEMITSU PETROLEUM UK LTD. 105,579 94,105 11,474
Antrim Resources Limited 34,947 27,488 7,459
FAROE PETROLEUM (U.K.) LIMITED 40,654 34,728 5,926
RIGEL PETROLEUM (NI) LIMITED 15,980 10,570 5,410
NORECO OIL (UK) LIMITED 117,610 113,736 3,874
IONA UK HUNTINGTON LIMITED 88,208 85,302 2,906
STERLING RESOURCES (UK) PLC 512 512
BLACKLAND PARK EXPLORATION LIMITED 450 - 450
NAUTICAL PETROLEUM LIMITED 128 128
ONSHORE PRODUCTION SERVICES LIMITED 535 420 115
ALTAQUEST ENERGY CORP (UK) LTD 60 60
DORIEMUS PLC 231 215 16
DART ENERGY LIMITED 737 726 11
ECORP OIL & GAS UK LIMITED 569 560 9
26
EWE VERTRIEB GMBH 0 - 0
WINTERSHALL 0 - 0
SCHIEHALLION OIL & GAS LIMITED 0 - 0
PALADIN RESOURCES 0 - 0
MURPHY PETROLEUM LIMITED 0 - 0
NORTH SEA ENERGY (UK) LIMITED 0 - 0
IS NV Limited 0 - 0
FINA EXPLORATION LIMITED 0 - 0
Northern Petroleum plc 154 155 -1
IS E&P Limited 308 310 -2
BROCKHAM CAPITAL LIMITED 164 170 -6
DORSET EXPLORATION 0 25 -25
UKOG (GB) LIMITED 714 744 -30
UK OIL & GAS INVESTMENTS plc 0 40 -40
AURORA EXPLORATION 257 304 -47
TERRAIN ENERGY LIMITED 521 572 -51
CAIRN ENERGY plc 0 60 -60
NIPPON OIL 0 139 -139
ANGUS ENERGY 918 1,065 -147
ALBA RESOURCES LIMITED 0 148 -148
BRIDGE ENERGY 977 1,135 -158
EGDON RESOURCES 2,398 2,849 -451
BHP BILLITON 21,723 22,588 -865
EUROPA OIL & GAS LIMITED 4,435 5,400 -965
CIRQUE ENERGY (UK) LIMITED 692 1,880 -1,188
OMV (U.K.) LIMITED 33,700 35,132 -1,432
EQ PETROLEUM SABAH LTD 8,011 10,566 -2,555
ZEUS PETROLEUM LIMITED 20,715 24,058 -3,343
SPIKE EXPLORATION UK LTD 31,072 36,087 -5,015
TRAP OIL LTD 31,072 36,087 -5,015
HUMBLY GROVE ENERGY LIMITED 12,966 18,740 -5,774
CENTRICA RESOURCES LIMITED 627,493 633,852 -6,359
PARKMEAD (E&P) LIMITED 41,430 48,116 -6,686
Igas Energy plc 120,314 128,363 -8,049
ATLANTIC PETROLEUM UK LIMITED 66,621 77,555 -10,934
NOBLE ENERGY (OILEX) LIMITED 13,508 24,535 -11,027
MOL OPERATIONS UK LIMITED 153,764 164,963 -11,199
RWE DEA UK SNS LIMITED 0 14,541 -14,541
CIECO EXPLORATION AND PRODUCTION (UK) LTD 12,673 29,654 -16,981
BG Group 2,843,606 2,861,971 -18,365
FIRST OIL AND GAS 158,567 178,849 -20,282
ENQUEST 1,128,552 1,150,097 -21,545
SOJITZ ENERGY PROJECT LIMITED 63,412 86,921 -23,509
ROC OIL (GB) LIMITED 0 24,101 -24,101
27
PERENCO 394,626 421,160 -26,534
MITSUI E&P UK LIMITED 98,918 127,140 -28,222
STATOIL (U.K.) LIMITED 113,493 149,688 -36,195
VALIANT EXPLORATION LIMITED 0 49,942 -49,942
MCX (MITSUBISHI) 43,160 99,843 -56,683
ENDEAVOUR ENERGY UK LIMITED 298,221 369,312 -71,091
APACHE NORTH SEA LIMITED 2,816,108 2,892,368 -76,260
FAIRFIELD 100,708 232,967 -132,259
ENI 1,032,360 1,173,543 -141,183
CONOCOPHILLIPS (U.K.) LIMITED 1,246,726 1,456,990 -210,264
TAQA BRATANI 2,215,098 2,470,360 -255,262
EDINBURGH OIL & GAS LIMITED 429 403,600 -403,171
44,314,482 37,378,031 6,936,451
28
1,4
42
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0
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1
84
0,8
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79
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39
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30
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48
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UKCS Oil Output by Company Production Change in Tonnes 2015v2014
Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 May 2015 https://www.og.decc.gov.uk/pprs/full_production.htm and Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June2016 https://itportal.decc.gov.uk/pprs/full_production.ht m
29
4) Gas Production
Gas Production by Field 2015 (000’s Cubic Meters) Field CuM 000's MM BTUs Value $
ROUGH STORAGE 2,811,737 99,295,555 $ 648,399,974
FRANKLIN 2,567,985 90,687,534 $ 592,189,597
BRITANNIA 1,768,825 62,465,465 $ 407,899,486
JASMINE 1,616,517 57,086,759 $ 372,776,536
LENNOX 1,139,368 40,236,401 $ 262,743,699
BREAGH 1,081,875 38,206,055 $ 249,485,539
MORECAMBE SOUTH 1,056,279 37,302,141 $ 243,582,981
RHUM 902,731 31,879,644 $ 208,174,075
SEAN 868,179 30,659,452 $ 200,206,222
LEMAN {SHELL} 866,038 30,583,843 $ 199,712,495
WINGATE 849,202 29,989,286 $ 195,830,038
JURA 835,791 29,515,681 $ 192,737,397
BRUCE 783,690 27,675,751 $ 180,722,654
CLIPPER SOUTH 766,604 27,072,365 $ 176,782,543
BRODGAR 714,465 25,231,093 $ 164,759,037
ROCHELLE 670,854 23,690,985 $ 154,702,132
NEVIS 632,726 22,344,508 $ 145,909,637
LEMAN PERENCO 626,805 22,135,410 $ 144,544,227
ALWYN NORTH 611,268 21,586,726 $ 140,961,321
JADE 596,396 21,061,526 $ 137,531,765
BERYL 581,997 20,553,030 $ 134,211,286
BANFF 541,501 19,122,927 $ 124,872,713
CHISWICK 518,999 18,328,277 $ 119,683,649
SHEARWATER 517,422 18,272,585 $ 119,319,980
DEVENICK 499,670 17,645,680 $ 115,226,290
STARLING 490,985 17,338,972 $ 113,223,487
CARRACK 486,370 17,175,994 $ 112,159,241
STATFJORD 472,674 16,692,325 $ 109,000,882
BABBAGE 454,389 16,046,596 $ 104,784,272
BARQUE 434,580 15,347,048 $ 100,216,223
GALLEON 422,124 14,907,168 $ 97,343,807
JUDY 413,092 14,588,206 $ 95,260,985
LEMAN SOUTH 411,799 14,542,544 $ 94,962,812
EVEREST 395,426 13,964,337 $ 91,187,121
BUZZARD 381,423 13,469,826 $ 87,957,964
WEST SOLE 378,351 13,361,339 $ 87,249,544
INDE PERENCO 361,702 12,773,386 $ 83,410,211
BRAE EAST 319,996 11,300,552 $ 73,792,605
GROVE 319,898 11,297,091 $ 73,770,004
ELGIN 318,265 11,239,422 $ 73,393,426
ERIS 303,781 10,727,925 $ 70,053,350
ERSKINE 300,034 10,595,601 $ 69,189,275
DUNBAR 299,936 10,592,140 $ 69,166,674
SATURN {ATLAS, HYPERION, RHEA} 298,306 10,534,577 $ 68,790,788
FLEMING 290,272 10,250,859 $ 66,938,109
30
ANDREW 286,251 10,108,859 $ 66,010,849
RHYL 263,321 9,299,093 $ 60,723,077
MAGNUS 258,650 9,134,139 $ 59,645,928
YORK 251,043 8,865,500 $ 57,891,715
GRANT 250,633 8,851,021 $ 57,797,167
LOMOND 249,581 8,813,870 $ 57,554,571
RAVENSPURN SOUTH 246,621 8,709,338 $ 56,871,977
PIERCE 240,919 8,507,974 $ 55,557,070
PENGUIN EAST 239,303 8,450,906 $ 55,184,416
MERGANSER 234,391 8,277,440 $ 54,051,683
BOULTON 223,127 7,879,656 $ 51,454,154
BRAEMAR 217,410 7,677,762 $ 50,135,786
RAVENSPURN NORTH 213,555 7,541,624 $ 49,246,805
MINERVA 206,615 7,296,540 $ 47,646,406
SCOTER 202,374 7,146,770 $ 46,668,408
CALDER 202,003 7,133,669 $ 46,582,859
HEWETT 198,593 7,013,246 $ 45,796,496
JOANNE 195,416 6,901,051 $ 45,063,863
FOINAVEN 191,189 6,751,776 $ 44,089,097
CLIPPER 174,840 6,174,416 $ 40,318,936
CARAVEL 166,224 5,870,145 $ 38,332,047
KEW 166,028 5,863,223 $ 38,286,846
SKENE 165,751 5,853,441 $ 38,222,970
KETCH 165,299 5,837,479 $ 38,118,738
GRYPHON 159,411 5,629,546 $ 36,760,935
JULIET 159,309 5,625,944 $ 36,737,414
MURDOCH 157,110 5,548,287 $ 36,230,314
HUMBLY GROVE 153,498 5,420,731 $ 35,397,373
VICTOR 152,503 5,385,593 $ 35,167,922
MURDOCHK 151,515 5,350,702 $ 34,940,084
BRIGANTINEA 148,759 5,253,375 $ 34,304,539
KILMAR 148,096 5,229,961 $ 34,151,645
MARNOCK 147,446 5,207,006 $ 34,001,749
ISLAY 146,703 5,180,768 $ 33,830,415
KINGFISHER 146,083 5,158,872 $ 33,687,434
FORVIE 145,084 5,123,593 $ 33,457,062
WHITTLE 143,966 5,084,111 $ 33,199,245
BRAE NORTH 133,467 4,713,343 $ 30,778,130
BRENT 132,972 4,695,862 $ 30,663,979
KINNOULL 131,916 4,658,570 $ 30,420,462
MACHAR 128,909 4,552,378 $ 29,727,028
CUTTER 127,520 4,503,326 $ 29,406,719
APOLLO 126,138 4,454,521 $ 29,088,022
STRATHSPEY 125,430 4,429,519 $ 28,924,759
FORTIES 117,330 4,143,470 $ 27,056,859
MORECAMBE NORTH 116,895 4,128,108 $ 26,956,545
NEPTUNE 116,590 4,117,337 $ 26,886,211
BALLOCH 113,573 4,010,793 $ 26,190,478
SKIFF 111,577 3,940,305 $ 25,730,192
SCHOONER 110,174 3,890,758 $ 25,406,650
MILLOM 107,954 3,812,360 $ 24,894,711
HUNTINGTON 105,821 3,737,033 $ 24,402,825
31
VULCAN 105,513 3,726,156 $ 24,331,799
AMETHYST E 101,549 3,586,169 $ 23,417,684
GOLDEN EAGLE 99,181 3,502,544 $ 22,871,612
CERES 97,730 3,451,302 $ 22,537,002
CURLEW 96,444 3,405,888 $ 22,240,449
BRIGANTINEB 94,414 3,334,199 $ 21,772,319
ELLON 92,541 3,268,055 $ 21,340,399
TELFORD 90,589 3,199,120 $ 20,890,254
HOTON 87,901 3,104,195 $ 20,270,393
BELL 87,746 3,098,721 $ 20,234,648
GANNET A 87,430 3,087,561 $ 20,161,773
MALORY 86,831 3,066,408 $ 20,023,644
JOHNSTON 86,802 3,065,384 $ 20,016,958
MUNGO 85,193 3,008,562 $ 19,645,910
HAMILTON 82,581 2,916,320 $ 19,043,570
DRAKE 80,174 2,831,318 $ 18,488,507
ENSIGN 79,357 2,802,466 $ 18,300,103
BRAE SOUTH 77,514 2,737,381 $ 17,875,098
SCOTT 74,936 2,646,340 $ 17,280,600
COOK 70,210 2,479,443 $ 16,190,763
TRENT 69,898 2,468,425 $ 16,118,815
CAVENDISH 67,542 2,385,223 $ 15,575,506
LANCELOT 65,138 2,300,327 $ 15,021,135
SEYMOUR 64,565 2,280,091 $ 14,888,994
VALIANT SOUTH 62,758 2,216,278 $ 14,472,295
HUNTER 62,185 2,196,043 $ 14,340,161
THELMA 62,036 2,190,781 $ 14,305,800
CLAYMORE 61,961 2,188,132 $ 14,288,502
BRIGANTINEC 61,397 2,168,215 $ 14,158,444
RITA 59,192 2,090,346 $ 13,649,959
ALBA 58,485 2,065,378 $ 13,486,918
CLAIR 57,933 2,045,885 $ 13,359,629
SHAMROCK 56,159 1,983,236 $ 12,950,531
GANNET F 55,324 1,953,749 $ 12,757,981
NINIAN 54,800 1,935,244 $ 12,637,143
EXCALIBUR 54,504 1,924,791 $ 12,568,885
HYDE 54,291 1,917,269 $ 12,519,767
BAIRD 54,063 1,909,217 $ 12,467,187
CORMORANT SOUTH 53,557 1,891,348 $ 12,350,502
AFFLECK 53,270 1,881,212 $ 12,284,314
ANNABEL 52,322 1,847,734 $ 12,065,703
VALIANT NORTH 51,802 1,829,370 $ 11,945,786
CALLANISH 51,395 1,814,997 $ 11,851,930
VIKINGB 51,189 1,807,722 $ 11,804,425
HARDING 51,107 1,804,827 $ 11,785,520
SALTFLEETBY 50,778 1,793,208 $ 11,709,648
DOUGLAS 50,686 1,789,959 $ 11,688,432
CAPTAIN 50,577 1,786,110 $ 11,663,298
BLAKE 49,628 1,752,596 $ 11,444,452
NUGGETS 49,300 1,741,013 $ 11,368,815
MADOES 48,461 1,711,384 $ 11,175,338
ORCA 48,099 1,698,600 $ 11,091,858
32
CAISTER CARBONIFEROUS 47,185 1,666,323 $ 10,881,089
PICKERILL 46,418 1,639,236 $ 10,704,211
BITTERN 46,080 1,627,300 $ 10,626,269
SEVEN SEAS 44,166 1,559,708 $ 10,184,893
NELSON 43,202 1,525,664 $ 9,962,586
PENGUIN WEST 40,788 1,440,415 $ 9,405,910
CHESTNUT 40,005 1,412,763 $ 9,225,342
HOWE 39,892 1,408,773 $ 9,199,288
WENLOCK 39,694 1,401,780 $ 9,153,623
MACLURE 38,594 1,362,934 $ 8,899,959
MCADAM 37,740 1,332,776 $ 8,703,027
PIPER 37,328 1,318,226 $ 8,608,016
AMETHYST W 36,682 1,295,413 $ 8,459,047
Enochdhu 35,616 1,257,767 $ 8,213,219
THISTLE 34,901 1,232,517 $ 8,048,336
MIMAS 34,294 1,211,081 $ 7,908,359
TWEEDSMUIR SOUTH 32,840 1,159,734 $ 7,573,063
CORVETTE 32,303 1,140,770 $ 7,449,228
VICTORIA 31,871 1,125,514 $ 7,349,606
CORMORANT NORTH 29,527 1,042,736 $ 6,809,066
GALAHAD 27,779 981,006 $ 6,405,969
DELILAH 27,770 980,688 $ 6,403,893
Peregrine 26,637 940,677 $ 6,142,621
NEWSHAM 25,615 904,585 $ 5,906,940
WYTCH FARM 25,381 896,322 $ 5,852,983
AUDREY 24,352 859,983 $ 5,615,689
ETTRICK 23,798 840,418 $ 5,487,930
ANGLIA 23,736 838,229 $ 5,473,635
GUILLEMOT NW 23,733 838,123 $ 5,472,943
WOOD 23,719 837,629 $ 5,469,717
BRAE CENTRAL 23,341 824,280 $ 5,382,548
GANYMEDE 22,559 796,664 $ 5,202,216
BEINN 22,320 788,223 $ 5,147,096
FULMAR 22,137 781,761 $ 5,104,899
MONAN 22,093 780,207 $ 5,094,752
TERN 21,679 765,587 $ 4,999,283
GADWALL 21,625 763,680 $ 4,986,830
INDE SOUTH WEST 21,407 755,981 $ 4,936,556
GUILLEMOT A 21,002 741,679 $ 4,843,164
OTTER 20,145 711,414 $ 4,645,533
HERON 19,822 700,007 $ 4,571,046
HELVELLYN 19,150 676,276 $ 4,416,082
HEATHER {AND EXT} 18,801 663,951 $ 4,335,600
DONAN {MAERSK} 18,796 663,774 $ 4,334,444
GUINEVERE 18,671 659,360 $ 4,305,621
GARROW 18,191 642,409 $ 4,194,931
JANICE 17,972 634,675 $ 4,144,428
DAVY EAST 16,793 593,039 $ 3,872,545
CLEETON 16,099 568,531 $ 3,712,507
KYLE 15,372 542,857 $ 3,544,856
DAVY 15,064 531,980 $ 3,473,829
BOA 14,967 528,555 $ 3,451,464
33
MARIA 14,962 528,378 $ 3,450,308
MUNRO 14,754 521,033 $ 3,402,345
BRENDA 14,313 505,459 $ 3,300,647
GANNET C 14,086 497,442 $ 3,248,296
MORDRED 14,003 494,511 $ 3,229,157
TIFFANY 13,895 490,697 $ 3,204,251
BACCHUS 13,794 487,131 $ 3,180,965
KEITH 13,750 485,577 $ 3,170,818
WEST BRAE 13,298 469,614 $ 3,066,579
BIRCH 12,853 453,899 $ 2,963,960
DON SOUTH WEST 12,369 436,807 $ 2,852,350
DALTON 12,274 433,452 $ 2,830,442
ORION 11,518 406,754 $ 2,656,104
MALLARD 11,407 402,834 $ 2,630,506
TEAL 11,043 389,980 $ 2,546,569
BLACKBIRD 10,808 381,681 $ 2,492,377
SEAN EAST 10,676 377,019 $ 2,461,934
TULLICH 10,121 357,420 $ 2,333,953
TARTAN 9,981 352,476 $ 2,301,668
BOYLE 9,723 343,365 $ 2,242,173
TWEEDSMUIR 9,505 335,666 $ 2,191,899
BUCKLAND 9,241 326,343 $ 2,131,020
Ythan 9,099 321,328 $ 2,098,272
BROOM 9,097 321,258 $ 2,097,815
Godwin 9,053 319,704 $ 2,087,667
MERCURY 8,931 315,395 $ 2,059,529
MACCULLOCH 8,692 306,955 $ 2,004,416
HAMILTON NORTH 8,467 299,009 $ 1,952,529
BLANE 8,335 294,348 $ 1,922,092
GUILLEMOT W 8,171 288,556 $ 1,884,271
LYELL 8,117 286,649 $ 1,871,818
WINDERMERE 7,923 279,798 $ 1,827,081
LOCHRANZA 7,569 267,297 $ 1,745,449
ATHENA 7,235 255,502 $ 1,668,428
SINGLETON 7,139 252,121 $ 1,646,350
GROUSE 6,950 245,437 $ 1,602,704
WEST DON 6,156 217,397 $ 1,419,602
VANGUARD 6,098 215,349 $ 1,406,229
MARKHAM 5,789 204,437 $ 1,334,974
CORMORANT EAST 5,626 198,680 $ 1,297,380
TOPAZ 5,512 194,654 $ 1,271,091
VIXEN 5,483 193,630 $ 1,264,404
BUCHAN 5,481 193,560 $ 1,263,947
EIDER 5,312 187,592 $ 1,224,976
HAWKINS 5,309 187,486 $ 1,224,284
DUNLIN 5,201 183,672 $ 1,199,378
BOULTONH 5,034 177,774 $ 1,160,864
GANNET D 4,794 169,299 $ 1,105,522
NICOL 4,783 168,910 $ 1,102,982
AUK NORTH 4,774 168,592 $ 1,100,906
ARBROATH 4,630 163,507 $ 1,067,701
GAINSBOROUGH 4,417 155,985 $ 1,018,582
34
Alma 4,005 141,435 $ 923,571
CLYDE 3,970 140,199 $ 915,499
SAXON 3,782 133,560 $ 872,147
HUDSON 3,684 130,099 $ 849,546
LARCH 3,684 130,099 $ 849,546
Galia 3,481 122,930 $ 802,733
COLUMBA BD 3,399 120,035 $ 783,829
MAULE 3,373 119,116 $ 777,827
SYCAMORE 3,296 116,397 $ 760,072
BROWN 3,270 115,479 $ 754,078
CAUSEWAY 3,256 114,985 $ 750,852
DEVERON 3,212 113,431 $ 740,704
TETHYS 3,210 113,360 $ 740,241
PICT 3,201 113,042 $ 738,164
TONTO 2,872 101,424 $ 662,299
FIONN 2,842 100,364 $ 655,377
AUK 2,787 98,422 $ 642,696
PICKERING 2,719 96,021 $ 627,017
BRIGANTINED 2,637 93,125 $ 608,106
VALKYRIE 2,607 92,065 $ 601,184
GOOSANDER 2,076 73,313 $ 478,734
CLAPHAM 2,013 71,088 $ 464,205
KIRBY MISPERTON 1,970 69,570 $ 454,292
TYNE NORTH 1,872 66,109 $ 431,692
OSPREY 1,837 64,873 $ 423,621
SCAPA 1,623 57,316 $ 374,273
WELTON 1,537 54,279 $ 354,442
NESS 1,355 47,851 $ 312,467
Cladhan 1,338 47,251 $ 308,549
ROSS 1,282 45,273 $ 295,633
VISCOUNT 1,206 42,589 $ 278,106
JAMES 1,094 38,634 $ 252,280
MONTROSE 1,031 36,409 $ 237,751
BURGHLEY 1,008 35,597 $ 232,448
BARDOLINO 977 34,502 $ 225,298
FALCON 949 33,514 $ 218,846
WAVENEY 934 32,984 $ 215,386
HIGHLANDER 920 32,489 $ 212,153
DUART 898 31,713 $ 207,086
BLETCHINGLEY 635 22,425 $ 146,435
BALMORAL 622 21,966 $ 143,438
CONRIE 502 17,728 $ 115,764
DOUGLAS WEST 497 17,551 $ 114,608
MERLIN 456 16,103 $ 105,153
MEDWIN 455 16,068 $ 104,924
EUROPA 446 15,750 $ 102,848
COLUMBA E 428 15,115 $ 98,701
DUNLIN SOUTH WEST 402 14,196 $ 92,700
Soliaire 369 13,031 $ 85,092
ENOCH 367 12,960 $ 84,629
CURLEW C 344 12,148 $ 79,326
PELICAN 334 11,795 $ 77,021
35
DOE GREEN 317 11,195 $ 73,103
KEDDINGTON 311 10,983 $ 71,719
BECKINGHAM 281 9,923 $ 64,797
STIRLING 272 9,606 $ 62,727
STORRINGTON 248 8,758 $ 57,190
MARISHES 233 8,228 $ 53,729
PALMERS WOOD 209 7,381 $ 48,198
MIRREN 183 6,463 $ 42,203
LEVEN 182 6,427 $ 41,968
SCAMPTON NORTH 159 5,615 $ 36,666
HORNDEAN 157 5,544 $ 36,202
KESTREL 151 5,333 $ 34,824
COLD HANWORTH 146 5,156 $ 33,669
CARNOUSTIE 145 5,121 $ 33,440
GLENTWORTH 136 4,803 $ 31,364
BEAULY 128 4,520 $ 29,516
CROSBY WARREN 127 4,485 $ 29,287
CORRINGHAM 108 3,814 $ 24,905
ARKWRIGHT 99 3,496 $ 22,829
MALTON 95 3,355 $ 21,908
NETHAN 72 2,543 $ 16,606
STOCKBRIDGE 67 2,366 $ 15,450
REMPSTONE 63 2,225 $ 14,529
BOTHAMSALL 59 2,084 $ 13,609
LONG CLAWSON 44 1,554 $ 10,148
EAST GLENTWORTH 42 1,483 $ 9,684
WEST BECKINGHAM 39 1,377 $ 8,992
BRECHIN 31 1,095 $ 7,150
AVINGTON 24 848 $ 5,537
BEATRICE 17 600 $ 3,918
SOUTH LEVERTON 11 388 $ 2,534
STAINTON 11 388 $ 2,534
EGMANTON 6 212 $ 1,384
WAREHAM 6 212 $ 1,384
GOODWORTH 2 71 $ 464
DURANGO 1 35 $ 229
HAMILTON EAST 1 35 $ 229
46,532,701 1,643,286,838 $10,730,663,041
36
2,8
12
2,5
68
1,7
69
1,6
17
1,1
39
1,0
82
1,0
56
90
3
86
8
86
6
84
9
83
6
78
4
76
7
71
4
67
1
63
3
62
7
61
1
59
6
UKCS Gas Output by Field Top 20 Annual Total (MMCuM) 2015
Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
37
2,3
88
2,0
40
1,6
18
1,4
04
1,2
61
1,0
74
1,0
27
92
4
88
0
79
6
77
8
69
9
69
8
64
4
64
1
61
5
60
4
58
7
53
7
52
7
UKCS Gas Output by Field Top 20 Annual Total (MMCuM) 2014
Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
38
3,1
47
1,8
72
1,6
22
1,2
11
1,0
85
99
8
98
4
92
5
88
3
84
1
77
3
72
2
71
1
64
4
62
3
62
3
60
6
60
4
57
2
51
4
UKCS Gas Output by Field Top 20 Annual Total (MMCuM) 2013
Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://www.og.decc.gov.uk/pprs/full_production.htm
39
3,0
74
2,7
13
2,0
88
2,0
07
1,7
22
1,5
66
1,4
95
1,4
61
1,3
82
1,2
06
1,0
92
1,0
74
96
1
96
0
94
1
83
0
80
6
80
6
79
2
73
9
UKCS Gas Output by Field Top 20 Annual Total (MMCuM) 2009
40
Gas Production by Company 2015 (Million Cubic Metres)
Equity Holder Total
MMm3 MM BTUs Value $
CENTRICA 6,678 235,831,344 $ 1,539,978,676
TOTAL E&P UK LTD 4,109 145,107,965 $ 947,555,011
SHELL U.K. LIMITED 3,666 129,463,568 $ 845,397,099
CONOCOPHILLIPS 3,363 118,763,224 $ 775,523,853
PERENCO UK LIMITED 3,191 112,689,101 $ 735,859,830
ESSO E & P UK LIMITED 3,179 112,265,325 $ 733,092,572
ENI UK LIMITED 2,894 102,200,645 $ 667,370,212
BG INTERNATIONAL LIMITED 2,476 87,439,115 $ 570,977,421
BP EXPLORATION 2,134 75,361,499 $ 492,110,588
INEOS UK SNS LIMITED 1,591 56,185,635 $ 366,892,197
CHEVRON NORTH SEA LIMITED 1,233 43,542,984 $ 284,335,686
SSE E&P UK LIMITED 1,056 37,292,288 $ 243,518,641
TAQA BRATANI LIMITED 984 34,749,632 $ 226,915,097
APACHE NORTH SEA LIMITED 945 33,372,360 $ 217,921,511
PREMIER OIL UK LIMITED 745 26,309,427 $ 171,800,558
CNR INTERNATIONAL (U.K.) LIMITED 709 25,038,099 $ 163,498,786
NEXEN PETROLEUM U.K. LIMITED 619 21,859,779 $ 142,744,357
DANA PETROLEUM (E&P) LIMITED 463 16,350,691 $ 106,770,012
IRANIAN OIL COMPANY (U.K.) LIMITED 451 15,926,915 $ 104,002,755
MAERSK OIL UK LIMITED 435 15,361,880 $ 100,313,076
Wintershall Noordzee 420 14,832,160 $ 96,854,005
MARATHON OIL U.K. LLC 332 11,724,469 $ 76,560,783
GDF SUEZ E&P UK LTD 331 11,689,155 $ 76,330,182
STERLING RESOURCES LTD 325 11,477,267 $ 74,946,554
BURLINGTON RESOURCES (IRISH SEA) LIMITED 322 11,371,323 $ 74,254,739
ENDEAVOUR ENERGY UK LIMITED 315 11,124,120 $ 72,640,504
TALISMAN SINOPEC N SEA LTD 268 9,464,331 $ 61,802,081
BAYERNGAS EUROPE LIMITED 251 8,863,981 $ 57,881,796
JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LTD 183 6,462,584 $ 42,200,674
TULLOW OIL SK LIMITED 181 6,391,955 $ 41,739,466
FAROE PETROLEUM (U.K.) LIMITED 174 6,144,752 $ 40,125,231
Gazprom Germania 170 6,003,493 $ 39,202,809
MITSUI E&P UK LIMITED 166 5,862,235 $ 38,280,395
HUMBLY GROVE ENERGY LIMITED 153 5,403,144 $ 35,282,530
EDISON E&P UK LTD 153 5,403,144 $ 35,282,530
SUNCOR ENERGY UK LIMITED 148 5,226,571 $ 34,129,509
XTO UK, LTD 132 4,661,536 $ 30,439,830
BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED 130 4,590,907 $ 29,978,623
Gas-Union 127 4,484,963 $ 29,286,808
MOL OPERATIONS UK LTD 122 4,308,389 $ 28,133,780
BOWLAND RESOURCES LIMITED 104 3,672,725 $ 23,982,894
SOJITZ ENERGY PROJECT LIMITED 99 3,496,152 $ 22,829,873
ENQUEST HEATHER LIMITED 97 3,425,523 $ 22,368,665
DYAS UK LIMITED 91 3,213,635 $ 20,985,037
ITHACA ENERGY (UK) LIMITED 89 3,143,005 $ 20,523,823
FIRST OIL EXPRO LIMITED 79 2,789,859 $ 18,217,779
SUMMIT EXPLORATION AND PRODUCTION LIMITED 63 2,224,824 $ 14,528,101
NSGP (ENSIGN) LIMITED 60 2,118,880 $ 13,836,286
41
HANSA HYDROCARBONS LIMITED 57 2,012,936 $ 13,144,472
SERICA ENERGY (UK) LIMITED 54 1,906,992 $ 12,452,658
WINGAS STORAGE UK LIMITED 51 1,801,048 $ 11,760,843
MARUBENI OIL & GAS (U.K.) LIMITED 49 1,730,419 $ 11,299,636
ALPHA PETROLEUM RESOURCES LIMITED 46 1,624,475 $ 10,607,822
OMV (U.K.) LIMITED 42 1,483,216 $ 9,685,400
TRANSWORLD PETROLEUM (U.K.) LIMITED 30 1,059,440 $ 6,918,143
IONA ENERGY COMPANY (UK) PLC 30 1,059,440 $ 6,918,143
VERUS PETROLEUM (SNS) LIMITED 25 882,867 $ 5,765,122
NORECO OIL (UK) LIMITED 21 741,608 $ 4,842,700
ZENNOR CNS LIMITED 18 635,664 $ 4,150,886
STATOIL (U.K.) LIMITED 17 600,349 $ 3,920,279
IDEMITSU PETROLEUM UK LTD. 14 494,405 $ 3,228,465
EGDON RESOURCES U.K. LIMITED 11 388,461 $ 2,536,650
ATLANTIC PETROLEUM NORTH SEA LIMITED 9 317,832 $ 2,075,443
CALENERGY GAS LIMITED 8 282,517 $ 1,844,836
FAIRFIELD BETULA/FAGUS LIMITED 6 211,888 $ 1,383,629
IGAS ENERGY plc 12 423,776 $ 2,767,257
ORANJE-NASSAU ENERGIE UK LIMITED 5 176,573 $ 1,153,022
THIRD ENERGY UK GAS LIMITED 5 176,573 $ 1,153,022
NOBLE ENERGY (OILEX) LIMITED 3 105,944 $ 691,814
Kuwait Foreign Petroleum Explorn Coy 3 105,944 $ 691,814
MCX DUNLIN (UK) LIMITED 2 70,629 $ 461,207
PARKMEAD (E&P) LIMITED 1 35,315 $ 230,607
SPIKE EXPLORATION UK LTD 1 35,315 $ 230,607
TRAP OIL LTD 1 35,315 $ 230,607
CIECO EXPLORATION AND PRODUCTION (UK) LIMITED 1 35,315 $ 230,607
RIGEL PETROLEUM (NI) LIMITED 1 35,315 $ 230,607
DART ENERGY LIMITED 1 35,315 $ 230,607
ZEUS PETROLEUM LIMITED 1 35,315 $ 230,607
EQ PETROLEUM SABAH LTD 1 35,315 $ 230,607
EOG RESOURCES UNITED KINGDOM LIMITED 1 35,315 $ 230,607
ECORP OIL & GAS UK LIMITED 1 35,315 $ 230,607
46,534 1,643,332,704 10,730,962,558
42
6,6
78
4,1
09
3,6
66
3,3
63
3,1
91
3,1
79
2,8
94
2,4
76
2,1
34
1,5
91
1,2
33
1,0
56
98
4
94
5
74
5
70
9
61
9
46
3
45
1
43
5
UKCS Gas Output by Company Top 20 Annual Total (MMCuM) 2015
Source: Adapted from DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
43
6,8
59
3,5
76
3,3
28
3,3
08
2,9
97
2,9
00
2,6
03
2,0
95
1,3
78
1,2
31
1,0
60
1,0
08
93
9
86
5
83
3
64
1
60
1
50
4
47
9
44
6
UKCS Gas Output by Company Top 20 Annual Total (MMCuM) 2014
Source: Adapted from DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
44
8,4
10
4,3
57
3,2
74
3,3
70
3,0
96
2,8
76
2,5
22
1,4
21
1,2
50
1,1
67
1,1
67
98
0
81
3
67
2
55
4
54
6
52
9
47
5
43
9
UKCS Gas Output by Company Top 20 Annual Total (MMCuM) 2013
Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://www.og.decc.gov.uk/pprs/full_production.htm
45
6,6
89
6,2
75
5,8
22
5,3
59
5,2
03
4,7
66
4,0
07
2,8
45
2,0
51
1,9
08
1,3
74
1,1
18
99
9
88
3
83
3
82
2
78
4
74
1
UKCS Gas Output by Company Top 20 Annual Total (MMCuM) 2009
46
Change in Annual UK Gas Production (MMCuM) Co Total
Equity Holder (2015v2014)
BP EXPLORATION 904
TOTAL E&P UK LTD 533
IRANIAN OIL COMPANY (U.K.) LIMITED 405
CNR INTERNATIONAL (U.K.) LIMITED 328
ENI UK LIMITED 295
CHEVRON NORTH SEA LIMITED 294
PERENCO UK LIMITED 291
SHELL U.K. LIMITED 223
INEOS UK SNS LIMITED 213
MAERSK OIL UK LIMITED 188
WINTERSHALL NOORDZEE 116
TALISMAN SINOPEC N SEA LTD 100
ENDEAVOUR ENERGY UK LIMITED 98
JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LTD 85
APACHE NORTH SEA LIMITED 79
DYAS UK LIMITED 54
SUNCOR ENERGY UK LIMITED 52
SSE E&P UK LIMITED 48
GAZPROM GERMANIA 47
SOJITZ ENERGY PROJECT LIMITED 37
BAYERNGAS EUROPE LIMITED 36
CONOCOPHILLIPS 35
Gas-Union 35
SUMMIT EXPLORATION AND PRODUCTION LIMITED 29
MOL OPERATIONS UK LTD 27
ITHACA ENERGY (UK) LIMITED 26
EDISON E&P UK LTD 24
ENQUEST HEATHER LIMITED 15
BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED 15
ALPHA PETROLEUM RESOURCES LIMITED 14
TRANSWORLD PETROLEUM (U.K.) LIMITED 13
MITSUI E&P UK LIMITED 13
MARUBENI OIL & GAS (U.K.) LIMITED 10
EGDON RESOURCES U.K. LIMITED 10
STATOIL (U.K.) LIMITED 6
ORANJE-NASSAU ENERGIE UK LIMITED 5
STERLING RESOURCES LTD 2
IDEMITSU PETROLEUM UK LTD. 2
DART ENERGY LIMITED 1
ECORP OIL & GAS UK LIMITED 1
EOG RESOURCES UNITED KINGDOM LIMITED 0
NORECO OIL (UK) LIMITED 0
IONA ENERGY COMPANY (UK) PLC 0
47
NAUTICAL PETROLEUM LIMITED 0
AURORA EXPLORATION 0
LIVERPOOL BAY LIMITED 0
ENTERPRISE OIL LIMITED 0
IS E&P Limited 0
Northern Petroleum 0
ALTWOOD PETROLEUM LIMITED 0
ANGUS ENERGY WEALD BASIN NO.3 LIMITED 0
BLACKLAND PARK EXPLORATION LIMITED 0
BRITANNIA OPERATOR LIMITED 0
BROCKHAM CAPITAL LIMITED 0
CAIRN ENERGY plc 0
CAYTHORPE GAS STORAGE LIMITED 0
CIRQUE ENERGY (UK) LIMITED 0
CUADRILLA ELSWICK LIMITED 0
DONG E&P Norge AS 0
DORIEMUS PLC 0
DORSET EXPLORATION 0
ELSWICK ENERGY LIMITED 0
ELSWICK POWER LIMITED 0
MONTROSE INDUSTRIES LIMITED 0
MOSAIC (TRISTAN) LIMITED 0
NOIL Energy ASA 0
ONSHORE PRODUCTION SERVICES LIMITED 0
SCOTTISHPOWER GENERATION LIMITED 0
SEVEN STAR NATURAL GAS LIMITED 0
WARWICK ENERGY LIMITED 0
YORKSHIRE EXPLORATION LIMITED 0
E.ON E&P UK LIMITED 0
BRIDGE ENERGY (SNS) LIMITED 0
UK OIL & GAS INVESTMENTS plc 0
NIPPON OIL 0
STAR ENERGY OIL & GAS LIMITED 0
EUROPA OIL & GAS LIMITED 0
TERRAIN ENERGY LIMITED 0
ALBA RESOURCES LIMITED 0
CALENERGY GAS LIMITED 0
EQ PETROLEUM SABAH LTD 0
RIGEL PETROLEUM (NI) LIMITED 0
ZEUS PETROLEUM LIMITED -1
CIECO EXPLORATION AND PRODUCTION (UK) LIMITED -1
Antrim Resources Limited -1
EUROIL EXPLORATION LIMITED -1
SPIKE EXPLORATION UK LTD -1
TRAP OIL LTD -1
NOBLE ENERGY (OILEX) LIMITED -1
ROC OIL (GB) LIMITED -1
ATLANTIC PETROLEUM NORTH SEA LIMITED -1
48
PARKMEAD (E&P) LIMITED -1
Valiant Causeway Limited -2
MCX DUNLIN (UK) LIMITED -2
THIRD ENERGY UK GAS LIMITED -3
OMV (U.K.) LIMITED -5
VERUS PETROLEUM (SNS) LIMITED -10
IGAS ENERGY plc -4
MARATHON OIL U.K. LLC -12
DANA PETROLEUM (E&P) LIMITED -16
EDINBURGH OIL & GAS LIMITED -17
BOWLAND RESOURCES LIMITED -17
NSGP (ENSIGN) LIMITED -20
WINGAS STORAGE UK LIMITED -21
NEXEN PETROLEUM U.K. LIMITED -22
FAROE PETROLEUM (U.K.) LIMITED -36
HANSA HYDROCARBONS LIMITED -51
TULLOW OIL SK LIMITED -64
BURLINGTON RESOURCES (IRISH SEA) LIMITED -70
TAQA BRATANI LIMITED -76
HUMBLY GROVE ENERGY LIMITED -82
FIRST OIL EXPRO LIMITED -90
BG INTERNATIONAL LIMITED -127
ESSO E & P UK LIMITED -129
FAIRFIELD BETULA/FAGUS LIMITED -152
CENTRICA -181
PREMIER OIL UK LIMITED -218
GDF SUEZ E&P UK LTD -269
49
90
3,6
25
53
3,3
95
40
5,2
69
32
8,3
39
29
5,0
10
29
3,8
92
29
0,6
25
22
3,4
44
21
2,9
64
18
8,2
06
-69
,84
1
-76
,10
1
-81
,93
0
-89
,70
9
-12
6,9
08
-12
8,8
03
-15
1,7
50
-18
1,3
20
-21
8,1
76
-26
9,4
50
BP
EX
PLO
RA
TIO
N
TOTA
L E&
P U
K L
TD
IRA
NIA
N O
IL C
OM
PA
NY
(U
.K.)
LIM
ITED
CN
R IN
TER
NA
TIO
NA
L (U
.K.)
LIM
ITED
ENI U
K L
IMIT
ED
CH
EVR
ON
NO
RTH
SEA
LIM
ITED
PER
ENC
O U
K L
IMIT
ED
SHEL
L U
.K. L
IMIT
ED
INEO
S U
K S
NS
LIM
ITED
MA
ERSK
OIL
UK
LIM
ITED
BU
RLI
NG
TON
RES
OU
RC
ES (
IRIS
H S
EA)
LIM
ITED
TAQ
A B
RA
TAN
I LI
MIT
ED
HU
MB
LY G
RO
VE
ENER
GY
LIM
ITED
FIR
ST O
IL E
XP
RO
LIM
ITED
BG
INTE
RN
ATI
ON
AL
LIM
ITED
ESSO
E &
P U
K L
IMIT
ED
FAIR
FIEL
D B
ETU
LA/F
AG
US
LIM
ITED
CEN
TRIC
A
PR
EMIE
R O
IL U
K L
IMIT
ED
GD
F SU
EZ E
&P
UK
LTD
UKCS Gas Output by Company Production Change in MMCuM 2015v2014
Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
50
83
1
67
4
50
4
45
2
31
0
30
5
24
1
20
1
19
9
16
5
15
4
15
3
14
4
12
9
12
3
11
0
10
0
95
93
84
81
80
65
52
46
43
42
-23
-23
-25
-33
-35
-41
-47
-62
-68
-69
-99
-10
7
-15
9
-31
0
-37
4
-55
7
-78
1
-15
51
RW
E D
EA U
K S
NS
LIM
ITED
ENI U
K L
IMIT
ED
LIV
ERP
OO
L B
AY
LIM
ITED
CO
NO
CO
PH
ILLI
PS
STER
LIN
G R
ESO
UR
CES
LTD
E.O
N E
&P
UK
LIM
ITED
GD
F SU
EZ E
&P
UK
LTD
FAR
OE
PET
RO
LEU
M (
U.K
.) L
IMIT
ED
BU
RLI
NG
TON
RES
OU
RC
ES (
IRIS
H S
EA)
LIM
ITED
NEX
EN P
ETR
OLE
UM
U.K
. LIM
ITED
END
EAV
OU
R E
NER
GY
UK
LIM
ITED
CN
R IN
TER
NA
TIO
NA
L (U
.K.)
LIM
ITED
HU
MB
LY G
RO
VE
ENER
GY
LIM
ITED
EDIS
ON
E&
P U
K L
TD
FIR
ST O
IL E
XP
RO
LIM
ITED
BA
YER
NG
AS
EUR
OP
E LI
MIT
ED
WIN
TER
SHA
LL N
OO
RD
ZEE
MO
L O
PER
ATI
ON
S U
K L
TD
DA
NA
PET
RO
LEU
M (
E&P
) LI
MIT
ED
HA
NSA
HY
DR
OC
AR
BO
NS
LIM
ITED
BG
INTE
RN
ATI
ON
AL
LIM
ITED
FAIR
FIEL
D A
CER
LIM
ITED
MA
ERSK
OIL
UK
LIM
ITED
AP
AC
HE
IRA
NIA
N O
IL C
OM
PA
NY
(U
.K.)
LIM
ITED
GA
ZPR
OM
GER
MA
NIA
PR
EMIE
R O
IL U
K L
IMIT
ED
MA
RU
BEN
I OIL
& G
AS
(U.K
.) L
IMIT
ED
SUN
CO
R E
NER
GY
UK
LIM
ITED
BR
IDG
E EN
ERG
Y (
SNS)
LIM
ITED
NSG
P (E
NSI
GN
) LIM
ITED
STA
TOIL
(U
.K.)
LIM
ITED
CH
EVR
ON
NO
RTH
SEA
LIM
ITED
BO
WLA
ND
RES
OU
RC
ES L
IMIT
ED
ESSO
E &
P U
K L
IMIT
ED
TALI
SMA
N S
INO
PEC
N S
EA L
IMIT
ED
MA
RA
THO
N O
IL U
.K. L
LC
SHEL
L U
.K. L
IMIT
ED
TAQ
A B
RA
TAN
I LI
MIT
ED
SSE
E&P
UK
LIM
ITED
TULL
OW
OIL
SK
LIM
ITED
PER
ENC
O U
K L
IMIT
ED
BH
P B
ILLI
TON
PET
RO
LEU
M G
REA
T B
RIT
AIN
LIM
ITED
TOTA
L E&
P U
K L
TD
CEN
TRIC
A
UKCS Gas Output by Company Production Change in MMCuM 2014v2013
Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://itportal.decc.gov.uk/pprs/full_production.htm
51
52
5) New Fields 2015
The following fields were brought into production in 2015:
ALMA (EnQuest) GALIA (EnQuest) CLADHAN (Taqa Global) ENOCHDHU(ConocoPhillips) GODWIN (Talisman Sinopec) PEREGRINE (Nexen) SOLITAIRE (Nexen) YTHAN (EnQuest)
6) Field Development Pipeline
The following fields (both new and existing) are being worked on at present to commence or extend
their field life. An estimated production level is given for each field when production (re)commences
Field Operator Start Date
Production Level Oil
Production Level Gas
Tonnes/Yr MMCuM/Yr
Cygnus GDF Suez E&P 2016 2,555
Morrone Taqa Global 2016 148,920
Seymour BG Group 2016 Platypus Dana Petroleum 2016 276
Laggan/Tormore Total 2016 5,168
Alder Chevron 2016 372,300 1,124
Conwy EOG 2016 992,800
Stella Ithaca 2016 1,489,200 686
Aviat Apache 2016 0 95
Flyndre Maersk Group 2016 496,400
Solan Premier Oil 2016 1,191,360
Clair Ridge BP 2017 5,956,800 441
Barra Dana Petroleum 2017 992,800
Edradour Total 2017 0 36
Harris Dana Petroleum 2017 992,800
Crathes EnQuest 2017 248,200
Schiehallion BP 2017 6,453,200 913
Kraken EnQuest 2017 1,241,000
Kraken North EnQuest 2017 1,241,000
Scolty EnQuest 2017 248,200
Cawdor Maersk Group 2017 248,200
Orlando Verus Petroleum 2017 546,040
Catcher Premier Oil 2017 1,985,600
Burgman Premier Oil 2017 248,200
53
Varadero Premier Oil 2017 248,200
Cayley Talisman Sinopec 2017 0 1,045
Shaw Talisman Sinopec 2017 893,520
Callater Apache 2018 744,600
Mariner Statoil 2018 2,730,200
Blythe IOG 2018 0 153
Glenlivet Total 2018 0 44
Columbus Serica Energy 2019 52,600 181
Corona Apache 2019 248,200
Culzean Maersk Group 2019 2,555
Harrier Ithaca 2019 397,130 183
Mariner East Statoil 2019 1,042,440
Cheviot Alpha Petroleum 2020 1,241,000 511
Rosebank Chevron 2020 4,964,000 818
Lancaster Hurricane 2020 496,400
Bentley Xcite 2020 1,985,600
Utgard Statoil 2020 0 989
Perth Parkmead 2021 248,200
Dolphin Parkmead 2021
Lowlander Faroe 2021
Seagull Apache 2021 431,868 164
Vorlich BP 2021 212,459 62
Fyne Antrim Resources 2022 0
Erne Antrim Resources 2022 0
Fram Shell 2022 0 0
Athena Verus Petroleum 2022 0 0
Cairngorm Verus Petroleum 2022 0
Jackdaw BG Group 2022 0 2,555
Moth BG Group 2022 0
Arran Dana Petroleum 2022 361,876 912
Black Horse Nexen 2022 248,200
Cambo OMV 2022 248,200
Tornado OMV 2022 0
Courageous Maersk Group 2022 496,400
Brochel Maersk Group 2022 496,400
Crosgan Ineos 2022 0 0
Keplar Ineos 2022 0 0
Suilven BP 2022 496,400
Alligin BP 2022 248,200
Puffin Shell 2022 0 0
Whirlwind Hurricane 2022 248,200
Bressay Statoil 2022 1,985,600
Austen Ithaca 2022 194,092 227
Sillimanite Wintersall 2022 0 0
46,053,005 21,693
54
GDF Suez has developed the Cygnus Field which will come onstream in 2016 and produce 5% of the
UK’s gas at peak production of 250MM Cu ft per day. N.B. Possibly delayed until 2017. http://www.gdfsuezep.co.uk/our-operations/cygnus.aspx http://www.ogj.com/articles/2015/07/last-key-structure-sails-for-cygnus-off-uk.html
Taqa Global developed the Morrone field, expected to produce 3,000 Boepd with first oil expected in the 3rd quarter of 2014 – there’s still no sign of it yet on DECC’s list of field start-ups.
http://www.taqaglobal.com/media-centre/press-releases/2013/16-12-2013?sc_lang=en
Dana’s Platypus Field hoped for a 2016 start. It now looks like 2018 at the earliest, perhaps later if a
deal can’t be done to tie in to local infrastructure. Dana’s Possum Field development is also affected.
An appraisal well was drilled in April 2012, with the well flowing at a rate of 27 mmscf/d http://www.firstoilexpro.com/assets/platypus-possum http://www.dana-petroleum.com/Media-centre/Reports-presentations/
Total’s Laggan-Tormore development entered production in 2016 following completion of a new gas processing plant in Shetland. The fields will produce a small amount of condensate along with a very
large amount of gas to be exported via the SIRGE system. Laggan/Tormore adds 5,168MMCuM per
year to UK production. Dong & SSE each hold 20% stakes in Laggan Tormore. http://www.total.uk/en/home/media/list-news/total-starts-production-laggan-tormore-west-shetland http://www.offshore-technology.com/projects/laggan-tormore/
http://www.total-icop.co.uk/laggan_tormore/ http://www.laggan-tormore.com/
Chevron’s Alder development is due to come onstream in 2016 tied back to the Britannia Bridge
Linked Platform (BLP). Expected output is 110,000 cfpd gas & 14,000 barrels of condensate per day. http://www.chevron.com/chevron/pressreleases/article/01132014_chevronmakesfinalinvestmentdecisi
ononalderfieldintheunitedkingdom.news
http://www.chevronunitedkingdom.com/news/latest/2015-07-07-alder-topsides-sail.aspx
EOG’s Conwy field is situated in the Liverpool Bay area and is tied back to the Douglas platform.
EOG state production commenced March 2016. Listed on DECC/OGA start-up spreadsheet 2016.
http://investors.eogresources.com/Presentations-and-Events http://investors.eogresources.com/download/EOG_0516.pdf
Ithaca’s Greater Stella Area Project has made progress with the Floating Production Facility FPF-1 leaving the Remontowa shipyard prior to installation. Production is scheduled to commence in
September 2016.
http://www.ithacaenergy.com/media/news/gsa-update-0 https://www.energyvoice.com/oilandgas/north-sea/115237/ithacas-fpf-1-gets-green-light-travel-
greater-stella-
development/?utm_source=Sailthru&utm_medium=email&utm_campaign=EV%20Daily%20Newslet
ter%202016-07-22&utm_term=Energy%20Voice%20-%20Newsletter
Apache commenced production from its Aviat gas field in June 2016. This development is to provide feed gas for Forties replacing diesel to extend field life whilst reducing cost.
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/535620/Field_Start-
Ups_in_2016_to_date__July_2016_.pdf
Maersk Group is developing the Flyndre Field which will commence production in 2016 with an
anticipated peak output of 10,000bpd with production tied back to the Clyde platform via Cawdor.
http://www.maerskoil.com/media/newsroom/pages/flyndreandcawdorfielddevelopmentapprovalsupportsmaerskoiluk%E2%80%99sgrowthambitions.aspx http://www.offshore-technology.com/projects/flyndrecawdor-oil-fields-development-north-sea/
55
http://www.offshore-mag.com/articles/2014/05/clyde-platform-to-host-north-sea-flyndre-cawdor-
development.html
Premier Oil developed the Solan Field and commenced production in April 2016 aiming for 24,000
boe p/d output. Premier bought out co-venturer Chrysaor’s 40% with payment from future production:
http://www.premier-oil.com/premieroil/AR2013/project_studies/solan.html http://www.heraldscotland.com/business/company-news/premier-oil-increases-exposure-to-giant-
field-west-of-shetland.127851542
http://www.premier-oil.com/premieroil/media/press/solan-update
BP is also undertaking the re-development of the Clair Field with the next phase of field life focused
on Clair Ridge. The Clair Ridge development will have the capability to produce an estimated 640 million barrels of oil over a 40 year period, with peak production expected to be up to 120,000 barrels
of oil per day. 36 new wells will be drilled, 26 production wells and 10 water injection wells to
maintain reservoir pressure.
http://www.offshore-mag.com/articles/print/volume-73/issue-8/north-sea/bp-looking-to-maximize-production-from-shetland-area-fields.html
Dana Petroleum is developing the Western Isles fields (Barra and Harris) with peak production estimated at 40,000 boe per day. The project is running 2 yrs late and at least $400m over budget:
http://www.ogj.com/content/ogj/en/articles/2012/12/western-isles-project-offshore-uk-
approved.html https://www.oilandgaspeople.com/news/3749/dana-petroleum-western-isles-project-two-
years-late-and-massively-over-budget/
Total’s Edradour Field Development is proceeding West of Shetland with the aim being to tie in to the Laggan/Tormore infrastructure which is now in place and operational. Dong holds a 25% interest.
http://www.heraldscotland.com/business/13168386.Total_to_proceed_with_the_Edradour_gas_fie
ld/
EnQuest’s Scolty/Crathes Field Development proceeds apace with future production tied back to the Kittiwake infrastructure. The Crathes well exceeded projections and was on time and under budget.
http://www.enquest.com/media-centre/press-releases/2016/19-05-2016.aspx
BP’s Schiehallion Field West of Shetland will re-start production in 2017. The new KBR-designed
Glen Lyon FPSO is in situ with production capacity for 320,000 b/d of liquids and 220 MMcf/d of gas
and 380,000 b/d of produced water and seawater injection. All the pre-existing wells were suspended and will all be re-opened for production. In addition 25 new wells (17 producers and 8 water
injectors) will be drilled to significantly increase output.
http://www.bp.com/en/global/corporate/press/press-releases/bp-and-co-venturers-approve-3-billion-
re-development-of-schiehallion-and-loyal-fields.html http://www.offshore-mag.com/articles/print/volume-73/issue-8/north-sea/bp-looking-to-maximize-
production-from-shetland-area-fields.html
http://www.bp.com/en/global/corporate/press/press-releases/new-glen-lyon-fpso-sets-sail-for-west-of-shetland.html
EnQuest’s Kraken and Kraken North developments are both scheduled to begin production in 2017. There will be 14 horizontal production wells and 11 water injection wells producing a peak output of
55,000bpd.
http://www.enquest.com/~/media/Files/E/Enquest/2014FYR_docs/14FullYear150318Final.pdf
http://www.enquest.com/~/media/Files/E/Enquest/2015%20FYR_docs/FYR2015Final.pdf
Maersk Group is developing the Cawdor Field which will commence production in 2017 with an
anticipated peak output of 5,000bpd with production tied back to the Clyde platform.
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http://www.maerskoil.com/media/newsroom/pages/flyndreandcawdorfielddevelopmentapprovalsuppo
rtsmaerskoiluk%E2%80%99sgrowthambitions.aspx http://www.offshore-technology.com/projects/flyndrecawdor-oil-fields-development-north-sea/ http://www.offshore-mag.com/articles/2014/05/clyde-platform-to-host-north-sea-flyndre-cawdor-
development.html
Verus Petroleum (100%) has taken over Spike, who’ve taken over Bridge who’ve taken over Iona
Energy (75%) and Atlantic Energy’s (25%) Orlando Field following Iona’s collapse, targeting output
of 11,000 bpd tied back to Ninian. No update on a 2017 start has been seen. Perhaps there’s no time with all the deal-making?
http://www.ionaenergy.com/operations/orlando http://www.ionaenergy.com/investor-relations/presentations/ http://www.bbc.co.uk/news/uk-scotland-scotland-business-24109614
https://www.energyvoice.com/oilandgas/66058/north-sea-new-wave-player-verus-makes-debut/
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=714832&lang=en http://www.petroleum.fo/Default.aspx?pageid=19987 http://www.energy-pedia.com/news/united-kingdom/atlantic-petroleum-sells-orlando-field-interest-to-
bridge-petroleum-167693
Premier Oil will bring its Catcher development online in 2017. As well as adding 40,000 barrels per
day to UKCS output it will provide a new hub for future developments in the Central North Sea.
http://www.premier-oil.com/premieroil/AR2013/pdfs/PO_AR2013.pdf http://www.premier-oil.com/premieroil/operations/uk
Premier Oil will bring its Burgman well online in 2017 adding 5,000 barrels per day to UKCS output.
http://www.premier-oil.com/premieroil/operations/uk
Premier Oil will bring its Varadero well online in 2017 adding 5,000 barrels per day to UKCS output.
http://www.premier-oil.com/premieroil/operations/uk
Repsol Sinopec is bringing the Cayley (gas) and Shaw (oil) fields into production in 2017 at an
anticipated rate of 15,000 Boepd for each part of the field. The Montrose Area re-development jacket
was installed in 2015 with the topsides leaving Heerema’s Zwinjdrecht yard in April 2016: http://www.talisman-sinopec.com/en/news/accommodation-vessel-arrives-at-mar/ http://www.ogj.com/articles/2016/04/new-montrose-platform-topsides-leaves-yard.html
Apache’s Callater Field development is under way in the Beryl area targeting 15,000 bpd by 2018.
http://www.apachecorp.com/Operations/UK_North_Sea/NewsAndArticles/Beryl_Field_celebrates_40
_years/index.aspx
Statoil will bring the Mariner Field online in 2018. It will eventually comprise 80 production wells
and 64 produced water re-injectors with a plateau output of 55,000 bpd.
http://www.statoil.com/en/NewsAndMedia/News/2012/Pages/21Dec_Mariner.aspx http://www.statoil.com/en/about/worldwide/unitedkingdom/pages/mariner.aspx
http://www.statoil.com/en/EnvironmentSociety/Environment/impactassessments/international/Pages/
MarinerAreaImpactasmt.aspx http://www.rigzone.com/news/oil_gas/a/140060/Mariner_A_Steel_Jacket_On_its_Way_to_the_North
_Sea?utm_source=DailyNewsletter&utm_medium=email&utm_term=2015-08-
12&utm_content=&utm_campaign=Production_1
Dana Petroleum has developed the Arran Field. Tieback was to be to BG’s Lomond platform until BG
announced the cancellation of their proposed Bridge Linked Platform (BLP) Project. This has delayed
Arran by up to four years: https://itportal.decc.gov.uk/eng/fox/path/PATH_REPORTS/current-
projects?PATH_OPERATOR_ID=109
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IOG has purchased the half of the Blythe Field development block it didn’t own and is working on the production of a Field Development Plan in 2016
http://independentoilandgas.com/blythe.html
http://independentoilandgas.com/news_detail.php?recordID=94
Total (80%) is developing the Glenlivet Field which will tie in to the Shetland processing plant
developed for Laggan/Tormore. Dong holds the remaining 20%. Target is 21,000 boe per day.
http://www.subseaiq.com/data/Project.aspx?project_id=516 http://www.ogj.com/articles/2014/10/total-to-develop-glenlivet-gas-field-off-uk.html
http://www.total.uk/en/home/media/list-news/uk-government-approves-field-development-plans-
totals-edradourglenlivet-project
Serica Energy is seeking to develop the Columbus Field. It suffered a major setback when BG
cancelled its plan for a Bridge Linked Platform (BLP) for the neighbouring Lomond Field. The Field
Development Plan for Columbus will now be re-written by Serica and its partners. http://www.serica-energy.com/columbus-3.php
http://www.serica-energy.com/columbus.php
Apache is working on the Corona Field with an estimated start-up in 2019. The estimate is between
5,000 and 10,000 bpd.
http://www.oedigital.com/technology/safety-security/item/12255-apache-moves-on-callater-
investment
Maersk is proceeding with the development of the Culzean Gas Field which will produce 5% of the
UK’s demand at peak production. I’ve estimated this at 250MM Cu ft day.
http://www.rigzone.com/news/oil_gas/a/140362/GoAhead_Given_for_Biggest_UK_Field_Found_in_a_Decade/?all=HG2
Ithaca is working on the Harrier development with a plan to enter production in 2016. I’ve stuck it in 2019.
http://www.ithacaenergy.com/media/news/greater-stella-area-development-concept-select
https://ca.finance.yahoo.com/news/Ithaca-Energy-Inc-Greater-marketwire-2019147670.html
Statoil’s Mariner East Field will come online in 2019. It will eventually comprise 4 wells with a peak
output of 22,000 bpd when Mariner is producing below its 76,000 bpd target flow.
http://www.statoil.com/en/about/worldwide/unitedkingdom/pages/mariner.aspx http://www.statoil.com/en/EnvironmentSociety/Environment/impactassessments/international/Pages/
MarinerAreaImpactasmt.aspx
The Cheviot Field developer ATP Oil & Gas (UK) Limited was acquired by Petroleum Equity from
its US parent when this was forced into Chapter 11 Bankruptcy. Moss Maritime's Octobuoy concept
was dropped when late and over budget, a second plan to replace this concept with an FPSO shows no
sign of progression. http://www.subseaiq.com/data/Project.aspx?project_id=1128 http://www.petroleumequity.com/news.html
Chevron’s Rosebank Field was kicked into the long grass due to the very high cost of the
development at a time, prior to the collapse in oil price, when contractors could name their price. It appears to be reviving with a lower cost plan. Target is still to produce 100,000 barrels per day and to
process 80MM Cuft/day. Exactly when, no-one knows.
http://www.chevronunitedkingdom.com/our-businesses/operated-assets/rosebank/
Hurricane Energy’s Lancaster Field is one of the most promising West of Shetland developments of
recent years. Hurricane suspended plans to farm out the development when it became clear they could
58
raise finance themselves through a share placement. Hurricane is one of few emerging firms able to
access funds in volume at this time. https://www.hurricaneenergy.com/assets/Documents/ConceptualisingnewInfrastructureHubWoSPDF.
pdf?1432150035
http://www.edisoninvestmentresearch.com/downloadpdf/14493/702 http://www.offshoreenergytoday.com/hurricane-energy-raises-cash-for-lancaster-drilling-first-oil-in-2019/
Xcite Energy’s Bentley Field Development remains under huge pressure due to the oil price. Securing investor cash flow is key. Xcite needs to secure funding before their license expires. An investor with
cash to farm-in is needed quickly.
http://www.xcite-energy.com/assets/bentley http://www.xcite-energy.com/investors/presentations-and-documents/agm-2016-presentation
http://www.xcite-energy.com/investors/presentations-and-documents/agm-2015-presentation
Statoil has bought out its UK partners in the Utgard Field which lies across the UK/Norway border in the North Sea. This gas & condensate development will tie back to Sleipner in the Norwegian sector.
A Final Investment Decision (FID) is expected before the end of 2016. Production will start in 2020.
http://www.ogj.com/articles/2016/06/statoil-moves-toward-utgard-development.html http://www.statoil.com/en/NewsAndMedia/News/2016/Pages/03jun-utgard.aspx http://www.statoil.com/en/NewsAndMedia/News/2016/Pages/28Jun_utgardtransaction.aspx
Parkmead is looking to develop the Perth oilfield by 2021. It will produce a Field Development Plan incorporating Perth and neighbouring Dolphin (Parkmead) and Lowlander (Faroe) prospects in one
FDP for better economies of scale in line with Wood Review recommendations.
http://www.parkmeadgroup.com/uploaded/financial/Interim_Results_for_the_six-
month_period_ended_31_December_2015.pdf http://www.offshoreenergytoday.com/parkmead-faroe-in-talks-for-joint-fpso-use-in-north-sea/
BP is involved in some of the largest projects currently under development. Further out in the future is the Vorlich Field development. A test well flowed at 5,350 bpd in 2014. FDP by yr end 2016.
http://www.bp.com/en/global/corporate/press/press-releases/gdf-suez-and-bp-discover-new-central-
north-sea-field.html http://www.woodgroupfrontier.com/case-studies/field-development-options-study.pdf
Antrim Resources has stopped developing the Fyne and Erne Fields where it hoped to produce 4,000
bpd. Wells have been plugged and abandoned. Antrim is looking to relinquish & perhaps to re-apply for the license.
http://www.antrimenergy.com/files/Antrim_2014_Annual_Report_-_Final.pdf
http://antrimenergy.com/files/Antrim_2015_Annual_Report_-_Final_220416.pdf
Shell Exploration & Production have postponed development of their Fram prospect following
disappointing initial drilling results in 2013. The FPSO was cancelled. There’s been no comment from
Shell since 2013. Perhaps pressure in the well dissipated swiftly leaving no option but abandonment? http://www.shell.co.uk/media/2013-media-releases/reassess-development-of-fram-field-in-north-
sea.html http://www.devex-conference.org/pdf/Presentations_2012/Fram_FDP_DEVEX2012FINAL9_5_12.pdf
Verus Petroleum, EnQuest and KUFPEC from Kuwait are looking to bring forward the Cairngorm Field by 2022. With EnQuest tied up with Kraken following Alma/Galia progress has been slow.
http://www.kufpec.com/Reports/KUFPEC%20Annual%20Reports/Annual%20Report%202014.pdf.p
df http://www.kufpec.com/Operations/Pages/EMEA.aspx#myAnchor
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BG group are looking to develop their Jackdaw prospect by 2022. A Final Investment Decision (FID)
was expected to be made in 2017. What the impact of the Shell takeover will be remains to be seen. http://bg-group.com/343/where-we-work/uk/
http://files.the-group.net/library/bggroup/country_data/downloads/country_uk.pdf
Dana Petroleum hoped to bring the Arran Field onstream by 2022. It suffered a major setback when BG cancelled its plan for a Bridge Linked Platform (BLP) for the neighbouring Lomond Field which
Dana had hoped to tie in to. No mention of Arran remains on the Dana website.
https://itportal.decc.gov.uk/eng/fox/path/PATH_REPORTS/current-projects?PATH_OPERATOR_ID=109
http://www.offshoreenergytoday.com/bg-wont-build-lomond-blp/
Nexen, the biggest oil producer on the UKCS was seeking to develop their Black Horse prospect by
2022. Seismic on the Black Horse extension was inconclusive and plans seem to have slowed. The
2008 appraisal well on Black Horse flowed through a restricted choke at 5,248 barrels per day.
http://www.subseaiq.com/data/PrintProject.aspx?project_id=967
OMV has secured acreage West of Shetland including the Cambo oil & gas prospect from Hess. No
details of a Field Development Plan or a start date could be found. https://itportal.decc.gov.uk/pathfinder/discoveriesindex.html
http://www.offshore-mag.com/articles/2014/03/shetland-deal-increases-omv-s-stake-in-cambo.html
OMV also purchased a stake in the Tornado gas prospect. Again no signs of progress were seen.
https://itportal.decc.gov.uk/pathfinder/discoveriesindex.html
http://www.offshore-mag.com/articles/2014/03/shetland-deal-increases-omv-s-stake-in-cambo.html
Maersk has the Courageous Field down for future development along with a sister field Brochel.
https://itportal.decc.gov.uk/pathfinder/discoveriesindex.html
Crosgan is a project being developed by Ineos (75%) the operators of the Grangemouth Refinery in
Scotland. Sterling Resources (25%) is their partner on this project.
http://www.sterling-resources.com/
Keplar is also being developed in association with Sterling Resources. Sterling secured an adjoining
block in the 26th Offshore Licensing Round.
http://www.offshoreenergytoday.com/sterling-resources-successful-in-uk-26th-offshore-licensing-round-awards/
BP identified Suilven as a field for future development West of Shetland. There has been no update from BP on this project for several years possibly due to work at Clair and Schiehallion.
http://www.subseaiq.com/data/Project.aspx?project_id=1829
BP still has Alligin as a major project on its Form 20-F in 2014 (Page 26). Now Clair and Schiehallion are reaching completion this may well gain more attention.
http://www.bp.com/content/dam/bp/pdf/investors/bp-annual-report-and-form-20f-2014.pdf
Shell has the Puffin Field down as a future development. The Fram Field Development Plan (FDP)
shows various wells have been drilled in and around Puffin which seems to have a complex structure
and is part oil, part gas and part condensate in a difficult to drill prospect. http://www.devex-
conference.org/pdf/Presentations_2012/Fram_FDP_DEVEX2012FINAL9_5_12.pdf
Hurricane Energy’s Whirlwind prospect will proceed to sanction after the completion of Lancaster. No flow rate has been reported from the test well drilled. A minimal 5,000 bpd is shown.
https://www.hurricaneenergy.com/Operations/HurricaneAssets/WhirlwindBasementDiscovery/
60
Statoil’s Bressay development is in the process of being re-engineered in an effort to reduce the
capital cost. Statoil don’t intend to proceed at present and a platform order was cancelled 31/7/16. http://www.statoil.com/en/About/Worldwide/UnitedKingdom/UKUpstream/Pages/Bressay.aspx
Wintersall has the Sillimanite Field under development. Tie-back should be to Wintersall’s Wingate
infrastructure which lies just to the South. https://itportal.decc.gov.uk/eng/fox/path/PATH_REPORTS/current-projects
https://itportal.decc.gov.uk/web_files/ems/2012/Wintershall-ems.pdf
Not Proceeding
Taqa Global’s Darwin development appears to have been dropped following the drilling of a dry well 211/27e-13. Fairfield Energy had 50% of Darwin. Riverstone Holdings were big investors in Fairfield prior to the well being drilled. Two further wells didn’t result in a decision to proceed. http://www.fairfield-energy.com/pages/view/darwin http://www.dundasconsultants.com/files/docs/case-studies/Darwin_Development_Study.pdf
Premier Oil’s Ptarmigan a single well development 15/29a-15 - appears to have been plugged and abandoned. Premier Oil publications focus on other developments.
http://www.premier-oil.com/premieroil/operations/global-licence-interests http://www.seafish.org/media/1487961/issue_02_oil_gas_email.pdf
ENI’s Deborah Field is a gas storage conversion of a depleted gas producing field. Consented in
2011, it is reckoned the facility would be able to store 4.6 BnCuM when full. ENI did not make a Final
Investment Decision and never proceeded to develop the field. http://abarrelfull.wikidot.com/deborah-gas-field http://utilityweek.co.uk/news/why-do-consented-gas-storage-projects-still-struggle-to-get-
financed/1140372#.V6CvuhKMVHs
Independent Oil & Gas has acquired the Vulcan Satellite Fields from Verus Petroleum just as we
were going to press. Vulcan East seemed to have dropped out of contention for development following
the re-structuring of the old Bridge Energy A/S. IOG intends to produce a Field Development Plan and will seek to bring Vulcan East, North West and South forward.
https://www.energyvoice.com/oilandgas/66058/north-sea-new-wave-player-verus-makes-debut/ http://www.oedigital.com/component/k2/item/12698-iog-acquires-vulcan-fields Chrysaor Holdings holds the rights to develop the Phoenix prospect. Chrysaor has sold an interest in
the Solan Field over the last year and has also sold interests in Ireland. Whether these adjustments are positive or negative for Phoenix remains to be seen. There is no Field Development Plan in place.
http://www.bnri.com/documents/Chrysaor_press%20release_2.pdf
http://www.oilandgastechnology.net/upstream-news/providence-announces-chrysaor-acquisition
Premier Oil’s Caledonia field is a watered-out asset the re-development plan is still awaited.
http://www.premier-oil.com/premieroil/media/press/trading-and-operations-update-4
https://itportal.decc.gov.uk/eng/fox/path/PATH_REPORTS/current-projects?PATH_OPERATOR_ID=94
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DECC & OGA Contacts
Digest of United Kingdom Energy Statistics DUKES contacts:
Upstream Oil DUKES Shyam Lakhani Telephone: +44 (0) 300 068 6865
Energy Trends Oil
[email protected] 0300 068 5260 Gas
[email protected] 0300 068 8414
Petroleum Licensing
Mike Hawkins
tel: 0300 068 6038
Tracy Selby
Telephone: 0300 068 6050
Email: [email protected]
Field List Derek Woolley Telephone: +44 (0) 300 068 5751
DECC field partners and the percentage of their holding
Marcelle Wynter Telephone: +44 (0) 300 068 66057
Well Operations & Notifications System (WONS) - UK production data, Oil production since
1975 and Gas flaring at oil terminals and producing offshore oilfields. Petroleum Production
Reporting System (PPRS)
Phil Harrison Telephone: +44 (0) 300 068 6036
Oil discharged with produced water Email: [email protected] Telephone +44 (0) 1224 254138
UKCS income and expenditure, Production projections and Production (and demand)
projections Mike Earp tel: 0300 068 5784
UK oil and gas reserves John Webber Telephone: 0300 020 1041 Joy Gray Telephone: 0300 067 1614
Field Approvals and Field Start-ups
John Webber Telephone: 0300 020 1041
Field and Pipeline Decommissioning
[email protected] on 01224 254034
[email protected] Guidance on upstream oil and gas infrastructure access dispute resolution
Robert White Email: [email protected] Telephone: 0300 068 6056
Environmental and Emissions Monitoring System (EEMS)
The main EEMS help desk is maintained by Collabro: email: [email protected] tel: 01224 853453 fax: 01224 853429
Gwen Moran at [email protected] or 01224 853423
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7) Declining Output and De-commissioning
Until this year Oil Output on the UKCS had been declining since 1999. Gas output also dropped from its peak in the year 2000 until 2013, it increased in 2014 and is again up in 2015. Oil output is not expected to rise in 2016 but is about to take off again with the addition of Clair Ridge, Schiehallion (Quad 204) and Mariner in 2017. A report that Scotland was facing a boom in output was met with a storm of protest from the Glasgow-based Centre for Public Policy in the Regions (CPPR) who’s eminence gris John McLaren, a former Labour Party researcher, was quick to damn any such foolish notion: http://newsnetscotland.com/index.php/scottish-economy/7560-cpprs-mclaren-pours-cold-water-on-scottish-economic-recovery-claims http://www.bbc.co.uk/news/uk-scotland-scotland-politics-21936723 The Office of Budget Responsibility (OBR) accepted the Department of Energy and Climate Change (DECC) projections of future oil & gas output. We might sensibly start by looking at recent trends and how these are helping to shape projections of future output.
On the chart above can be seen the pattern of change in annual output over the period from 1980 to 2014. The addition of a trend line helps to give some perspective. Apart from a small blip in 2007 we have seen twelve years of declining output to a greater or lesser extent. In 2014 the decline slowed dramatically and output rose in 2015. Whilst 2016 isn’t expected to show a big rise, the position for the following years looks likely to show the significant increment in output we have been predicting. DECC show no positive increment in output from the record levels of capital spend seen on the UKCS over the last few years. They are predicting that the decline in underlying output will continue at an increasing rate rather than slowing the anticipated decline. They also appear to suggest that the output from new fields and from major re-developments will be negligible rather than transformational. It is not clear what underlying basis there is for these assumptions. We’re told basically that “we’ve been right in the past, so trust us, we’ll be right in the future”.
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
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00
20
01
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North Sea Oil Change in Output Annual Percentage Change 1980 - 2015
Source: Adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June 2016 https://itportal.decc.gov.uk/pprs/full_production.htm
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For me, what we have to look at is whether the decline in recent years has been part of the long-term natural rate of decline or if the industry has suffered from events which have exaggerated the decline in output. What we can see for oil is that most of the post-peak years have registered a decline in output of between 5% and 10% with three of the last five years showing figures in excess of this. There has been: 2012 Calendar Year Excessive depletion from Callanish and Clair with the Elgin/Franklin debacle costing 2,000,000 Tonnes of lost production. A leak in a pipeline also caused the shut-in of the Foinaven field. 2013 Calendar Year The suspension of Schiehallion on its own accounted for almost half of the total reduction in the whole year (45.6%). Clair, Claymore, Magnus, Pierce and Don SW also contributed markedly to the decline in output. 2014 Calendar Year The arrival of Kinnoull and Golden Eagle near the end of the year helped the decline in production fall to the lowest seen since 2007. Production was predicted to rise in 2015 for the first time since 1999. 2015 Calendar Year The prediction made last year that output would be up in 2015 was borne out. Golden Eagle and Kinnoull providing a full year’s output added over 3,000,000 Tonnes in the year. Boosts in output from Balloch and Buzzard also helped as did the Gannets, Pierce and Shearwater. New fields Peregrine, Ythan and Enochdhu also helped output to soar. On the downside, Jasmine saw a big drop in output in 2015. We won’t see as much progress in 2016 but output will soar again in 2017 & 2018. Restoration of output from Schiehallion, the arrival of Clair Ridge, Mariner and Kraken in the coming years will paint a very different picture. What has been the position with gas output?
2012 Calendar Year The big story, as for oil, was the outage at Elgin/Franklin. This accounted for almost half the total decline in gas from the UKCS in the year.
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120%
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North Sea Gas Change in Output Annual Percentage Change 1980 - 2015
Source: DECCAnnual Dry+Associated Gas Prodn sorted by field https://www.og.decc.gov.uk/pprs/full_production.htm
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2013 Calendar Year This year problems at Sean and Pierce accounted for over 70% of the drop. 2014 Calendar Year This year has seen a small rise in output for the first time in a number of years. Output from Breagh, Franklin, Juliet and Jasmine helped in a big way to achieve this. 2015 Calendar Year West Franklin, Rhum, Shearwater and Brodgar all added significantly to output in 2015. Jasmine and Morecambe South posted large declines. The gains outstripped the losses. In 2016 we’ll see the arrival of Laggan/Tormore providing a significant boost to gas supply, with Cygnus following in 2017. Conclusions The unplanned outages which have plagued the industry in recent times have started to reverse with West Franklin and Shearwater boosting output in 2015. Output has started to rise as work to restore and indeed to improve levels of production nears completion. Gas output improved in 2015. There will be an increase in output in 2016 from Laggan/Tormore coming onstream, but Engie’s Cygnus field is delayed and Centrica warns that the Rough Storage facility needs maintenance and will not be operating anywhere near the level seen in recent years. As Rough Storage keep the UK’s lights on in the winter this presents a significant risk for UK plc. Predicting Future Oil Output
Our analysis 2016 2017 2018 2019 2020 2021 2022
Oil Output k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes
Baseline 44,314 42,039 46,057 57,704 52,342 50,127 51,332
Depletion 4,431 4,204 4,606 5,770 5,234 5,013 5,133
39,883 37,835 41,451 51,934 47,108 45,114 46,199
New Fields 2,820 8,645 17,550 3,041 3,475 6,739 1,924
Depletion 664 423 1,297 2,633 456 521 1,011
Prediction 42,039 46,057 57,704 52,342 50,127 51,332 45,156
Source: Author’s own calculations adapted from DECC UK Annual Oil Production (Thousand Tonnes) 01 June 2016 https://www.og.decc.gov.uk/pprs/full_production.htm
If we start off from the 2015 level of oil output and subtract an annualised rate of decline of 10% per field (slightly higher than the actual rate excluding shut-downs for planned and unplanned outages) and we then add the predicted levels of additional output from new fields (factoring in a higher average rate of decline of 15% for these fields) then output in 2018 will be over 50% higher than it was in 2014 (37,378k Tonnes).
OGUK 2016 2017 2018 2019 2020 2021 2022
Oil Output k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes
Baseline 44,314 45,333 47,146 50,222 47,146 44,314 39,883
Depletion 1,137 6,409 13,177 3,484 5,851 10,649 4,901
43,177 38,924 33,969 46,738 41,295 33,665 34,982
New Fields 2,820 8,645 17,969 3,041 3,475 6,739 1,924
Depletion 664 423 1,297 2,633 456 521 1,011
Prediction 45,333 47,146 50,222 47,146 44,314 39,883 35,895
Source: Author’s own interpretation of Oil & Gas UK’s “Activity Survey 2016” http://oilandgasuk.co.uk/activitysurvey.cfm
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Oil & Gas UK’s 2016 Activity Survey predicts a rise of 13.3% in output by 2018. They looked at oil & gas together & gave figures of approx 1.5MM Boepd in 2014 rising to 1.7MM Boepd in 2018 in their “Central Case” scenario. Under their “Worst Case” output would rise from 1.5MM Boepd to 1.55MM Boepd, an increase of 3.33%. To get to this position the decline rate from existing fields has to be much higher than it has been historically. As output from new fields is added between 2016 and 2018 the factor for declining production in existing fields has to climb from 10% to 27.9% by 2018 – the figure of 13,177 shown in the table. This seems very unlikely to me but it reflects the considerable caution shown by Oil & Gas UK in forecasting future output. In comparison to DECC however their prediction remains positively sunny. DECC’s projection from last year is shown below. It saw no upturn coming and predicted a much worse decline than it had suggested in 2014. I didn’t agree.
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/287001/production_projections.pdf DECC has, reluctantly, had to accept that output rose in 2015. They predict a small fall in 2016 which I’d accept is possible and then a tiny rise in 2017 and 2018 which seems astonishingly pessimistic. DECC is saying that Schiehallion, Clair Ridge, Mariner, Kraken, Greater Stella Area, Cygnus and Catcher will add nothing to output. The truth will out.
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/503852/OGA_production_projections_-_February_2016.pdf
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2016 2017 2018 2019 2020 2021 2022
DECC k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes
Baseline 44,314 42,314 42,814 43,314 41,314 38,314 36,268
Depletion 4,156 7,722 16,172 2,408 6,019 8,264 1,917
40,158 34,592 26,642 40,906 35,295 30,050 34,351
New Fields 2,820 8,645 17,969 3,041 3,475 6,739 1,924
Depletion 664 423 1,297 2,633 456 521 1,011
Prediction 42,314 42,814 43,314 41,314 38,314 36,268 35,264
Source: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/503852/OGA_production_projections_-_February_2016.pdf Note: excludes NGL output added to DECC Oil production charts & figures manually by DECC.
DECC’s “UKCS Oil and Gas Production Projections” March 2015 page 1 made the farcical suggestion that output would fall in 2015. Oil rose by 19% and Gas by 7% according to DECC’s own numbers. DECC continues to look for a decline over the next few years oblivious to the fields about to come onstream. The decline in output from existing fields needs to increase from a normal rate of perhaps 10% to as high as 18.25% in 2017 and to over 37.8% in 2018. This isn’t conceivable or possible. In our final year the opposite is the case. The natural rate of depletion has to fall in 2022 to 5.29% per cent for the DECC decline to be validated, this is far too low a rate. This prediction cannot be based on the projects coming into production over the next few years. It is not possible that all these fields can start producing and for oil output not to increase. Prediction for Gas Production
2016 2017 2018 2019 2020 2021 2022
k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes k Tonnes
Baseline
46,532,701
42,965,796
45,475,512
40,688,569
36,402,650
34,671,311
31,874,764
Depletion
5,583,924
5,155,896
5,457,061
4,882,628
4,368,318
4,160,557
3,824,972
40,948,777
37,809,900
40,018,451
35,805,941
32,034,332
30,510,754
28,049,792
New Fields
2,476,094
8,037,026
1,875,672
878,060
2,768,688
1,779,313
989,750
Depletion
459,075
371,414
1,205,554
281,351
131,709
415,303
266,897
Prediction
42,965,796
45,475,512
40,688,569
36,402,650
34,671,311
31,874,764
28,772,645
Source: Author’s own calculations adapted from Company websites and industry reports.
Predictions for oil are easily found on company websites and from industry sources. For gas the picture is much less clear. Many new fields give no figure for likely gas production. An accurate forecast therefore isn’t really possible for gas from public information sources. An attempt is made above to put what information there is into a table. I’d expect a dip in 2016 due to delays in Cygnus. Laggan/Tormore will provide a bigger than anticipated boost so the decline may be smaller than shown. Centrica’s difficulties and potential outage at Rough Storage could in turn make it worse.
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Overall Conclusions Let’s look at the positives first. Laggan/Tormore has come onstream and will give a significant boost to gas output. Aviat will help Apache maintain output at Forties. Solan and Conwy will lift oil production in 2016. But 2016 won’t be a year like 2015. On the downside, Cygnus has been delayed again and won’t now start production until 2017. Rough Storage appears to need major works which will start before Cygnus comes online posing a real threat to gas and electricity supplies were the winter to prove harsh. The following year 2017 will see a significant increase in output if we avoid unplanned outages. The arrival of Schiehallion, Clair Ridge, Kraken and Mariner will boost production and give a much needed boost to corporate cash flows which have been under strain since the oil price crashed. 2017 is the year when the repletion commences. In terms of the market, prices remain low, well below the boom times of recent years. The reasons for this are many but I’ll highlight a few: Firstly, there has been massive rightward shift in the supply curve as a result of fracking and enhanced oil recovery. Much more oil is available to meet demand than was expected. Historical patterns of decline have slowed and in Texas and elsewhere they have been reversed. You can increase production from old wells! Who’d have thought it? Secondly, the cost of production has fallen. Initially this was a gradual decline, but the collapse in prices speeded things up. Costs have been stripped out. In an industry heavily dependent on expensive people this cost reduction has been at the expense of the industry’s workforce. They are the real losers here. Thirdly, efficiency gains in engine technology often arising from the Directives those terrible Eurocrats we all-used-to-hate-but-now-are-starting-to-appreciate-a-bit-more did reduce the demand for fuel. Fourthly, demand hasn’t increased as expected, growth has slowed in China and India and Brazil. The world again hovers on the brink of recession and the Eurozone economies were forced by their lenders to go into recession and reverse the growth pattern they’d been on. What about the future? Endogenous Factors include the threats from a resumption of US drilling the minute oil hits $50 we’ll be back to “drill baby drill”, and hence to the Exploration side of the UK business. Wildcat wells will be few and far between. Development drilling on existing fields will be much more likely. Risk taking in a low price scenario won’t be the norm. OGA’s support for the seismic sector is good policy. Exogenous Factors are the problem. We can’t control idiocy in the IMF. We also have to recognise that the world is warming. Boosting carbon sinks through mass tree planting might be a way to burnish our green credentials and help limit the growth in temperature. Total under Patrick Pouyanné is seeking to diversify and prepare for the changes ahead. Perhaps more businesses need to follow their lead?
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8) Company Turnover & Taxation
Company Turnover 2014 2013 2012 2011 2010
£m £m £m £m £m
SHELL U.K. LIMITED 6,713,000,000 7,905,000,000 9,070,000,000 11,811,000,000 10,328,000,000
CONOCOPHILLIPS (U.K.) LIMITED 4,822,100,000 8,205,300,000 15,939,000,000 35,878,700,000 28,742,400,000
NEXEN PETROLEUM U.K. LIMITED 2,562,301,265 2,658,644,046 2,210,583,348 2,089,841,229 1,735,083,441
Gas-Union Gmbh 2,043,351,629 1,984,899,505 1,449,372,987
MURPHY PETROLEUM LIMITED 1,865,149,000 3,894,120,000 4,173,345,000 3,960,875,000 2,135,734,000
TAQA BRATANI 1,355,060,233 1,173,280,149 1,093,195,424 1,083,629,708 740,979,930
BP EXPLORATION OPERATING COMPANY LIMITED 1,339,562,290 1,635,015,515 1,964,198,657 2,442,769,733 2,611,805,229
ESSO E & P UK LIMITED 1,192,000,000 1,413,000,000 1,329,000,000 1,837,000,000 1,976,000,000
BG INTERNATIONAL LTD 1,054,000,000 762,000,000 815,000,000 1,101,000,000 1,170,000,000
SUNCOR ENERGY UK LIMITED 1,028,630,000 1,339,988,000 1,177,936,000 1,236,947,000 1,260,924,000
APACHE NORTH SEA LIMITED 1,010,317,186 1,265,883,634 1,166,932,014 1,288,369,585 985,872,022
TOTAL E&P UK LIMITED 854,817,000 1,460,536,000 1,313,704,000 1,548,789,000 1,519,595,000
CHEVRON NORTH SEA LIMITED 824,900,000 1,169,800,000 1,467,300,000 1,735,600,000 1,474,700,000
REPSOL SINOPEC RESOURCES UK LIMITED 782,372,087 937,746,749 1,254,921,331 1,848,000,642 565,523,000
MAERSK OIL NORTH SEA UK LIMITED 754,803,309 610,065,130 369,727,343 481,603,598 701,827,923
PERENCO UK LIMITED 702,564,000 1,051,227,000 585,499,000 348,791,000 245,967,000
ENQUEST HEATHER LIMITED 609,530,600 603,824,520 89,158,459 127,887,795 86,110,595
STATOIL (U.K.) LIMITED 601,572,000 755,214,000 813,505,000 774,389,000 551,283,000
PREMIER OIL UK LIMITED 509,336,686 338,716,140 276,456,039 163,705,017 274,350,574
ENTERPRISE OIL LIMITED 430,400,000 366,900,000 497,000,000 617,700,000 445,200,000
CENTRICA RESOURCES LIMITED 424,873,000 695,573,000 482,601,000 500,565,000 435,824,000
E. F. OIL AND GAS LIMITED 379,050,000 262,058,000 366,013,000 1,058,751,000 857,470,000
CNR INTERNATIONAL (U.K.) LIMITED 371,850,000 430,746,000 525,117,000 720,046,000 626,408,000
DANA PETROLEUM (E&P) LIMITED 343,068,000 502,767,000 592,820,000 504,816,000 293,133,000
ENI UK LIMITED 280,712,000 663,733,000 403,950,000 463,490,000 605,621,000
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SSE E&P UK Limited 263,500,000 118,100,000 102,300,000 15,800,000
MARATHON OIL U.K. LLC 240,861,536 296,800,700 430,234,130 533,278,906 366,023,448
INEOS UK SNS LIMITED 232,891,000 145,455,000 109,047,000 112,035,000 121,660,000
JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LTD 226,426,089 108,571,000 138,006,000 209,784,000 177,295,000
ENDEAVOUR ENERGY UK LIMITED 205,958,936 210,461,478 126,298,326 25,427,938 28,601,152
PREMIER OIL E&P UK LIMITED 204,090,000 166,379,000 94,398,000 214,783,000 231,231,000
BRITOIL 190,938,419 559,082,327 1,038,064,247 756,434,950 702,124,590
ENI ELGIN/FRANKLIN LIMITED 180,234,000 142,821,000 117,613,000 500,865,000 386,571,000
DYAS EOG LIMITED 176,913,000 236,781,000 207,137,000 183,496,000 164,764,000
MAERSK OIL UK LIMITED 166,949,329 161,492,771 216,737,597 237,358,818 180,432,426
ITHACA ENERGY (UK) LIMITED 154,418,697 149,401,862 97,283,305 77,592,581 83,889,613
ENGIE E&P UK LTD 153,287,000 78,568,000 70,257,000 83,416,000 102,530,000
CENTRICA NORTH SEA OIL LIMITED 151,897,000 193,535,000 282,861,000 253,999,000 273,303,000
MITSUI E&P UK LIMITED 111,516,545 82,481,383 35,533,921
ENI ULX LIMITED 110,290,093 115,437,834 133,313,592 207,649,559 153,500,000
Tullow Oil SK Limited 93,644,000 149,152,396 140,244,873 169,469,155 140,393,451
Liverpool Bay Limited 89,713,382
FAIRFIELD BETULA LIMITED 83,794,546 95,038,234 46,681,984 62,662,950 96,882,497
FIRST OIL AND GAS LIMITED 78,042,000 275,000
TRANSWORLD PETROLEUM (U.K.) LIMITED 76,974,979 58,218,986 131,729,543 156,355,927 159,160,000
Burlington Resources (Irish Sea) Limited 68,813,000 34,371,000 124,386,000 138,241,000 102,273,000
NORECO OIL (UK) LIMITED 66,314,965 44,612,009
FIRST OIL EXPRO LIMITED 60,076,000 93,756,000 53,223,000 72,142,000 60,860,000
ARCO BRITISH LIMITED, LLC 59,593,746 51,183,519 290,954,893 362,685,517 295,088,405
Igas Energy plc 58,160,000 75,917,000 68,304,000 22,120,000 656,000
IDEMITSU PETROLEUM UK LTD. 57,098,560 67,222,072 78,024,118 84,477,862 75,803,723
IONA UK HUNTINGTON LIMITED 56,438,713 35,705,354
ENI AEP LIMITED 51,359,000 62,854,000 82,182,000 95,387,000 97,175,000
Edison E&P UK Limited 47,552,291 58,023,139 40,470,591 83,340,312 107,266,982
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SHELL EP OFFSHORE VENTURES LIMITED 45,900,000 150,900,000 201,400,000 277,100,000 168,000,000
DYAS UK LIMITED 44,374,000 93,473,000 110,607,000 95,359,000 133,488,000
Sterling Resources (UK) Limited 43,418,000 1,848,000 42,000 796,000
STAR ENERGY WEALD BASIN LIMITED 42,303,000 26,336,000 30,226,000 14,121,000 11,834,000
ISLAND GAS LIMITED 39,694,000 52,413,000 58,482,000 19,894,000 535,000
SOJITZ ENERGY PROJECT LIMITED 39,168,146 43,180,772 11,967,766 19,413,912 47,445,683
Bayerngas Europe Limited 37,434,103 21,034,121 6,829,491
BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED 32,381,330 115,528,784 154,555,000 205,234,000 200,885,000
FAROE PETROLEUM (U.K.) LIMITED 32,011,000 16,384,000 29,841,000 60,066,000 5,873,000
OMV (U.K.) LIMITED 28,044,809 38,017,455 149,800,835 125,475,747 107,966,102
MCX DUNLIN (UK) LIMITED 25,867,693 32,364,043 14,445,334 20,403,382 26,343,517
SUMMIT EXPLORATION & PRODUCTION LIMITED 23,463,328 3,189,695 40,497,483 37,114,007 129,660,693
ATLANTIC PETROLEUM UK LIMITED 21,574,179 47,529,368 64,921,188 50,606,444 48,628,408
AMOCO (FIDDICH) LIMITED 21,363,534 31,103,296 22,650,757 48,971,857 29,235,115
Hansa Hydrocarbons Limited 20,870,016 580,034
PARKMEAD GROUP plc 18,639,000 24,656,000 4,070,000 2,948,901 3,745,565
MOLGROWEST (I) LIMITED 18,391,000 24,372,017 26,250,564 35,189,640 28,484,545
MARUBENI OIL & GAS (NORTH SEA) LIMITED 17,585,956 26,719,950 26,618,586 112,499,194 96,309,004
DYAS EXPLORATION UK LIMITED 16,323,000 2,134,000
CIECO EXPLORATION AND PRODUCTION (UK) LIMITED 15,690,000 23,850,000 25,899,000 28,326,000 25,185,000
HUMBLY GROVE ENERGY LIMITED 15,507,000 14,101,000 15,500,000 10,865,000 15,366,000
FAROE PETROLEUM (ROGB) LIMITED 15,381,424 11,707,360 15,484,256 45,287,142 32,462,455
MCX OSPREY (UK) LIMITED 15,256,132 8,511,212 4,903,349 16,966,568 19,010,141
ZEUS PETROLEUM LIMITED 15,217,000 21,789,000 1,147,000
SPIKE EXPLORATION UK LTD 15,164,204 12,920,710
Wingas Storage UK Limited 14,470,950 13,195,311 856,756 30,645 32,220
TRAP OIL LTD 13,416,064 30,309,304 1,674,698 804,166 795,834
MARUBENI OIL & GAS (U.K.) LIMITED 12,449,960 37,880,463 50,990,060
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Bowland Resources Limited 12,150,000 3,592,000
VERUS PETROLEUM (SNS) LIMITED 12,090,541 19,956,134 16,616,855 25,531,816 10,643,834
Verus Petroleum (SNS) Limited 12,090,541 19,956,134 16,616,855 25,531,816 10,643,834
NOBLE ENERGY (OILEX) LIMITED 11,005,480 14,763,980 69,074,205 130,366,849 114,085,746
ISLAND GAS (SINGLETON) LIMITED 8,363,000 13,999,000 10,432,000 9,786,000 6,861,000
Iranian Oil Company (U.K.) Limited 7,241,032 0 0 792,628 44,106,267
ITHACA MINERALS (NORTH SEA) LIMITED 6,823,133 7,805,506 7,664,368 11,645,819 7,250,264
RIGEL PETROLEUM (NI) LIMITED 6,500,297 7,994,322 13,391,823 21,583,681 15,230,563
Alpha Petroleum Resources Limited 5,398,000 9,142,000 16,499,000 13,359,000 8,390,000
Ithaca Gamma Limited 4,575,163 6,750,512 442,009
EQ PETROLEUM (SABAH) LIMITED 3,535,354 140,181
EQ Petroleum Sabah Limited 3,535,354 140,181
EUROPA OIL & GAS LIMITED 2,205,000 3,878,000 4,503,000 5,080,000 3,766,000
EGDON RESOURCES U.K. LIMITED 1,286,202 1,892,877 2,266,952 2,356,256 2,138,852
Antrim Resources (N.I.) Limited 1,148,801 15,741,504
Calenergy Gas Limited 1,099,000 1,977,000 2,971,000 3,860,000 2,405,000
Third Energy UK Gas Limited 897,255 506,075 826,624 1,315,129 3,962,794
Euroil Exploration Limited 832,240 1,116,397 1,047,462 1,431,628 1,538,512
TERRAIN ENERGY LIMITED 212,434 440,000 245,931 308,072 271,257
Doriemus plc 130,000 235,100 915,886 1,044,472
Egdon Resources Avington Limited 60,704 99,274 116,971 93,985 181,622
NORTHERN PETROLEUM (UK) LIMITED 53,327 84,009 97,974 84,746 70,922
ALBA RESOURCES LIMITED 26,000 170,000 223,000 177,000 68,000
Dorset Exploration Limited 16,980 7,927 12,153
UK Oil & Gas Investments plc 7,000 0 0 2,195,000
Ithaca Causeway Limited 0 143,017,114 589,141
NORTH SEA ENERGY (UK) LIMITED 0 1,275,278 2,500,458 4,958,811 13,595,327
ANGUS ENERGY WEALD BASIN NO.3 LIMITED 0 0 911,554 1,166,350 402,732
MARATHON OIL NORTH SEA (G.B.) LIMITED
72
ITHACA CAUSEWAY LIMITED 143,017,114 589,141
SUMMIT PETROLEUM DORSET LIMITED 27,021,617 26,210,838 22,244,137
EWE VERTRIEB GMBH
WINTERSHALL (E&P) LIMITED
WINTERSHALL (UK NORTH SEA) LIMITED
SCHIEHALLION OIL & GAS LIMITED 47,000
Paladin Resources Limited 374,000
EUROPA OIL & GAS (WEST FIRSBY) LIMITED
BLACKLAND PARK EXPLORATION LIMITED
CIRQUE ENERGY (UK) LIMITED
NORTHERN PETROLEUM (GB) LIMITED 269,000 249,000 226,000
Aurora Energy Resources Limited
IS E&P Limited
IS NV Limited
ONSHORE PRODUCTION SERVICES LIMITED
ORANJE-NASSAU ENERGIE UK LIMITED 58,199,519 99,407,234 80,752,621
Ecorp Oil & Gas UK Limited
FINA EXPLORATION LIMITED 118,953,000 139,371,000
37,375,708,777 47,021,171,677 55,005,368,117 80,018,323,032 66,097,161,567
Turnover has fallen significantly due primarily to the fall in the oil price over the last two years. Output rose in 2015 as we predicted but a recovery in price will be needed before these developments start to feed through to an improved out-turn for the Chancellor. The decline in turnover and profitability has led firms to shed staff and to cut wages in an effort to control costs. This initially increases losses and will only show up in profits further down the line. For the individuals involved, the losses are immediate and devastating. Many staff are re-training for a life outside the oil industry. In a double-whammy Westminster chose to cut spending on renewables just when the oil industry was on its knees. Staff consequently had no opportunity to switch to the renewables sector which would have helped minimise the damage to oil-dependent economies. Oil prices in 2016 have an average lower than in 2015. The damage continues.
73
Company Taxation 2014 2013 2012 2011 2010
£m £m £m £m £m
SUNCOR ENERGY UK LIMITED -£466,987,000 -£753,513,000 -£594,168,000 -£589,339,000 -£501,723,000
CHEVRON NORTH SEA LIMITED -£168,500,000 -£404,000,000 -£622,100,000 -£739,600,000 -£464,600,000
SSE E&P UK Limited -£102,200,000 -£36,600,000 -£33,400,000 -£5,600,000
DYAS EOG LIMITED -£91,797,000 -£124,628,000 -£110,624,000 -£105,679,000 -£74,446,000
E. F. OIL AND GAS LIMITED -£85,529,000 -£71,645,000 £102,464,000 -£604,459,000 -£355,736,000
APACHE NORTH SEA LIMITED -£82,816,225 -£12,558,631 -£338,773,042 -£450,573,664 -£172,896,708
ENTERPRISE OIL LIMITED -£60,400,000 -£115,200,000 -£219,000,000 -£261,800,000 -£127,100,000
ENI ELGIN/FRANKLIN LIMITED -£37,047,000 -£41,659,000 -£66,302,000 -£241,402,000 -£132,393,000
TAQA BRATANI LIMITED -£36,612,841 -£191,798,667 -£342,707,605 -£400,189,961 -£93,800,573
FIRST OIL AND GAS LIMITED -£27,263,000 £17,456,000 £15,626,000
Liverpool Bay Limited -£18,779,074
NORECO OIL (UK) LIMITED -£17,494,750 -£3,348,501 £8,976,436 £8,349,774 -£96,833
IONA UK HUNTINGTON LIMITED -£15,233,164 -£8,156,181 £3,219,640 £1,818,516
MARATHON OIL U.K. LLC -£10,544,961 -£63,536,546 -£109,787,802 -£148,757,467 -£67,941,572
Burlington Resources (Irish Sea) Limited -£9,227,000 £5,067,000 -£38,338,000 -£50,782,000 -£15,550,000
ENI ULX LIMITED -£9,031,199 £14,495,618 £27,657,684 -£59,627,329 -£35,100,000
Gas-Union Gmbh -£9,000,794 -£1,105,053 -£5,547,125
MCX OSPREY (UK) LIMITED -£8,094,956 £8,367,857 -£16,899,163 £14,082,225 £5,367,689
ENI AEP LIMITED -£5,301,000 -£1,039,000 -£22,823,000 -£31,696,000 -£27,237,000
FAROE PETROLEUM (ROGB) LIMITED -£4,533,721 -£314,227 -£5,065,450 -£19,211,699 -£9,175,975
AMOCO (FIDDICH) LIMITED -£2,793,397 £0 £0 -£24,189,566 -£10,054,014
SUMMIT EXPLORATION & PRODUCTION LIMITED -£2,437,739 -£1,644,594 -£8,636,660 -£2,339,354 -£49,625,614
ISLAND GAS LIMITED -£1,810,000 -£13,495,000 -£716,000
MCX DUNLIN (UK) LIMITED -£1,422,371 -£7,491,287 £13,898,670 £16,732,283 £4,858,090
EQ PETROLEUM (SABAH) LIMITED -£1,105,169 -£16,505 -£19,805 0 0
EQ Petroleum Sabah Limited -£1,105,169 -£16,505 -£19,805
74
Bowland Resources Limited -£1,052,000 £315,000
PERENCO UK LIMITED -£619,000 -£254,259,000 -£128,862,000 -£54,979,000 -£49,030,000
PARKMEAD GROUP plc -£529,000 £200,000 -£303,000 £4,225 -£139,470
ISLAND GAS (SINGLETON) LIMITED -£94,000 -£3,392,000 £13,511,000 -£2,680,000 -£1,957,000
FAIRFIELD BETULA LIMITED 0 0 -£7,288,894 £4,242,002 £1,336,902
TRAP OIL LTD 0 0 0 0 0
Ithaca Causeway Limited 0 -£19,215,710 £19,163,383
ZEUS PETROLEUM LIMITED 0 0 0
NORTH SEA ENERGY (UK) LIMITED 0 0 £635,927 £1,229,922 -£1,634,776
Egdon Resources Avington Limited 0 0 0 0 0
EGDON RESOURCES U.K. LIMITED 0 0 0 0 0
VERUS PETROLEUM (SNS) LIMITED 0 0 0 £5,403,668
ANGUS ENERGY WEALD BASIN NO.3 LIMITED 0 0 0 0 0
TERRAIN ENERGY LIMITED 0 0 0 0 0
ALBA RESOURCES LIMITED 0 0 0 £216,000 £194,000
Dorset Exploration Limited 0 £0 £0 £0
UK Oil & Gas Investments plc 0 £0 £0 £160,000
Bayerngas Europe Limited £0 £0 £3,667 -£4,764
Hansa Hydrocarbons Limited £0 £0
Verus Petroleum (SNS) Limited £0 £0 £0 £5,403,668 £0
Alpha Petroleum Resources Limited £0 £0 £141,523,000 £12,186,000 £5,906,000
Third Energy UK Gas Limited £0 £0 £0 £0 £0
Doriemus plc £0 £0 £0 £0 £0
MARATHON OIL NORTH SEA (G.B.) LIMITED 0
ITHACA CAUSEWAY LIMITED 0 -£19,215,710 £19,163,383
SUMMIT PETROLEUM DORSET LIMITED 0 -£17,204,027 -£12,080,545 -£10,395,117
EWE VERTRIEB GMBH 0
WINTERSHALL (E&P) LIMITED 0
WINTERSHALL (UK NORTH SEA) LIMITED 0
75
SCHIEHALLION OIL & GAS LIMITED 0 -£22,456,000
Paladin Resources Limited 0 -£21,546 -£2,144,310 -£194,118 -£914,000
EUROPA OIL & GAS (WEST FIRSBY) LIMITED 0
BLACKLAND PARK EXPLORATION LIMITED 0
CIRQUE ENERGY (UK) LIMITED 0
NORTHERN PETROLEUM (GB) LIMITED 0 -£10,000 £3,000 -£28,000
Aurora Energy Resources Limited 0
IS E&P Limited 0
IS NV Limited 0
ONSHORE PRODUCTION SERVICES LIMITED 0
ORANJE-NASSAU ENERGIE UK LIMITED 0 -£25,637,439 -£32,606,445 -£17,098,103
Ecorp Oil & Gas UK Limited 0
FINA EXPLORATION LIMITED 0
-£48,462,000 -£23,391,000
NORTHERN PETROLEUM (UK) LIMITED £29,221 -£38,717 £53,410
STAR ENERGY WEALD BASIN LIMITED £96,000 £105,000 £14,633,000 £406,000 -£2,949,000
MARUBENI OIL & GAS (NORTH SEA) LIMITED £251,263 -£387,909 -£7,932,839 -£18,155,368 -£2,930,387
HUMBLY GROVE ENERGY LIMITED £563,000 -£2,215,000 -£1,477,000 £4,474,000 -£2,245,000
Euroil Exploration Limited £595,762 -£31,292 £147,426 £401,722 -£132,625
Calenergy Gas Limited £659,000 £346,000 -£743,000 -£1,032,000 -£506,000
SOJITZ ENERGY PROJECT LIMITED £1,348,063 £38,999,803 £11,801,599 -£4,044,869 -£6,130,615
Edison E&P UK Limited £1,662,836 -£1,008,811 £4,621,118 -£7,371,030 £54,998,288
EUROPA OIL & GAS LIMITED £2,340,000 £307,000 -£515,000 £730,000 -£814,000
Iranian Oil Company (U.K.) Limited £2,828,678 £3,938,385 £5,100,730 -£2,702,878 -£11,516,969
SPIKE EXPLORATION UK LTD £3,633,689 £960,586
Wingas Storage UK Limited £7,627,000 £6,686,000 £2,355,464 -£8,452,607 £6,998,000
ATLANTIC PETROLEUM UK LIMITED £10,510,455 -£6,266,003 -£18,974,233 -£8,862,003 -£3,701,866
Ithaca Gamma Limited £10,773,751 £5,853,964 £18,502,216
RIGEL PETROLEUM (NI) LIMITED £10,849,013 £2,451,310 -£4,397,848 -£6,859,621 -£4,305,122
76
IDEMITSU PETROLEUM UK LTD. £12,595,515 £19,240,173 £6,126,620 -£8,314,186 -£4,799,774
ITHACA MINERALS (NORTH SEA) LIMITED £13,128,012 £715,653 £12,389,805 £1,850,391 £2,687,651
CIECO EXPLORATION AND PRODUCTION (UK) LIMITED £17,775,000 -£2,637,000 -£4,988,000 -£11,683,000 -£4,643,000
CENTRICA NORTH SEA OIL LIMITED £17,982,000 -£26,382,000 £7,081,000 -£52,896,000 £21,212,000
MURPHY PETROLEUM LIMITED £19,229,000 £2,772,000 -£46,176,000 -£36,997,000 -£16,867,000
DYAS UK LIMITED £19,826,000 £34,768,000 £69,029,000 -£36,805,000 -£29,396,000
JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LIMITED £19,944,539 £53,616,000 -£34,384,000 -£73,019,000 -£30,907,000
DYAS EXPLORATION UK LIMITED £20,835,000 £10,961,000 -£1,403,061
BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED £21,702,496 -£6,785,457 -£41,181,000 -£63,889,000 -£11,482,000
SHELL EP OFFSHORE VENTURES LIMITED £22,800,000 -£24,600,000 -£97,700,000 -£101,500,000 -£37,100,000
Igas Energy plc £23,769,000 -£10,277,000 -£12,356,000 £5,773,000
PREMIER OIL E&P UK LIMITED £24,331,000 £1,925,000 £40,200,000 -£120,771,000 -£36,331,000
NOBLE ENERGY (OILEX) LIMITED £25,846,042 -£5,134,350 £7,110,183 -£52,929,650 -£33,725,662
FAROE PETROLEUM (U.K.) LIMITED £29,964,000 0 0 £4,531,000
INEOS UK SNS LIMITED £35,481,000 £22,003,000 -£151,000 -£24,659,000 -£1,785,000
ENDEAVOUR ENERGY UK LIMITED £41,540,239 £1,373,869 -£8,629,648 -£11,568,797 -£75,546
DANA PETROLEUM (E&P) LIMITED £43,972,000 -£130,798,000 -£145,590,000 -£148,264,000 -£46,949,000
STATOIL (U.K.) LIMITED £45,994,000 -£79,103,000 £20,552,000 -£33,390,000 -£6,449,000
MITSUI E&P UK LIMITED £48,038,743 £672,797 -£631,585
MOLGROWEST (I) LIMITED £49,266,000 £5,852,222 -£2,941,855 £279,778 -£4,583,036
OMV (U.K.) LIMITED £53,580,175 £26,289,566 -£78,111,789 -£23,658,208 £5,883,506
TRANSWORLD PETROLEUM (U.K.) LIMITED £55,807,091 £57,022,285 -£22,171,726 -£45,750,723 -£32,508,000
FIRST OIL EXPRO LIMITED £61,495,000 -£20,350,000 £1,967,000 -£16,048,000 -£4,294,000
MAERSK OIL UK LIMITED £78,236,942 -£245,539 £18,671,685 £27,421,780 £41,491,167
NEXEN PETROLEUM U.K. LIMITED £93,174,591 -£917,998,290 -£912,648,245 -£1,006,841,358 -£512,455,816
CNR INTERNATIONAL (U.K.) LIMITED £95,384,000 £107,172,000 -£72,841,000 -£238,942,000 -£109,959,000
Antrim Resources (N.I.) Limited £98,843,078
BG INTERNATIONAL LTD £105,000,000 £17,000,000 -£83,000,000 -£17,000,000 -£65,000,000
77
CONOCOPHILLIPS (U.K.) LIMITED £111,100,000 -£226,600,000 -£564,600,000 -£920,800,000 -£790,800,000
Tullow Oil SK Limited £114,734,000 £16,224,934 -£28,345,459 -£20,264,774 -£11,688,477
ITHACA ENERGY (UK) LIMITED £115,247,904 £11,288,704 £27,110,318 £1,954,526 £2,249,953
Sterling Resources (UK) Limited £124,340,000
ENQUEST HEATHER LIMITED £153,249,488 -£92,673,137 £94,764,221 -£31,080,562 £8,412,905
ESSO EXPLORATION AND PRODUCTION UK LIMITED £157,000,000 £17,000,000 -£228,000,000 -£474,000,000 -£140,000,000
PREMIER OIL UK LIMITED £210,836,630 £82,752,060 £31,048,743 £81,109,248 £32,115,310
ENI UK LIMITED £252,554,000 -£87,964,000 -£88,765,000 -£171,964,000 -£283,038,000
ENGIE E&P UK LTD £256,835,000 £87,006,000 £16,135,000 -£18,571,000 -£5,661,000
MARUBENI OIL & GAS (U.K.) LIMITED £263,884,702 £34,191,524 £3,062,526
CENTRICA RESOURCES LIMITED £303,976,000 £46,877,000 -£195,126,000 -£125,225,000 -£77,242,000
TOTAL E&P UK LIMITED £389,101,000 -£322,735,000 -£405,726,000 -£515,168,000 -£275,990,000
SHELL U.K. LIMITED £419,000,000 £73,000,000 -£266,000,000 -£57,000,000 -£145,000,000
MAERSK OIL NORTH SEA UK LIMITED £441,842,517 -£84,514,133 -£87,405,015 -£150,385,480 -£116,861,407
ARCO BRITISH LIMITED, LLC £469,207,997 £33,482,635 -£90,930,591 -£141,508,695 -£81,888,533
BP EXPLORATION COMPANY LIMITED £1,114,884,796 -£369,537,202 -£113,902,274 -£1,062,287,880 -£575,753,934
REPSOL SINOPEC RESOURCES UK LIMITED £1,210,844,392 £714,324,949 -£78,379,833 -£466,020,559 -£58,084,000
BRITOIL £1,343,333,082 -£228,797,122 -£378,334,083 -£251,949,888 -£133,618,181
£7,421,919,172 -£3,211,867,731 -£6,085,039,767 -£10,276,117,556 -£5,768,470,598
Tax take for 2014 has fallen steeply for the third year in a row. As we predicted last year tax take did turn out to be negative, with rebates claimed by firms exceeding receipts for the first time. The nation is paying the oil industry to take the oil away. Demands for still further “cuts” in the taxes which aren’t being paid continue to be made. These businesses have been driven into losses by the fall in oil prices. The value of assets has also been written down by a steep percentage – the business suffers a paper loss when this happens. The Corporation Tax return then turns a paper loss into a cash receipt by allowing the oil company to reclaim a share of the loss of value written off. When values rise again the reverse doesn’t tend to happen. Tax isn’t paid as the gain sits in a Revaluation Reserve in the Balance Sheet & doesn’t hit the P&L. I’m pretty certain given the scale of the claims made that this will prove to be the peak year for refunds.
78
9) Company Profile and Contact Details
Company Name Address Directors Telephone Web Address ALBA RESOURCES LIMITED 50 Lothian Road
Edinburgh EH3 9BY Simon J Thomson Paul J Mayland James D Smith
0131 475 3000 http://www.cairnenergy.com
Alpha Petroleum Resources Limited Victoria House No. 1 London Square Cross Lanes Guildford GU1 1UN
Andrew Crouch Arun Subbiah Graham Walters Daniel Reis Nicholas Clayton
01483 307200 http://www.alphapetroleum.com/index.php
ALTA QUEST ENERGY CORP (UK) LTD 34 ARLINGTON ROAD LONDON NW1 7HU
Rupert Green 01522 500539
AMOCO (FIDDICH) LIMITED 1 Wellheads Avenue Dyce Aberdeen AB21 7PB
Sandra MacRae 01224 832000 http://www.bp.com
ANGUS ENERGY WEALD BASIN NO.3 LIMITED
7 HOPETOUN CRESCENT Edinburgh, Midlothian EH7 4AY
Jonathan Tidswell Paul Vonk
0131 556 1371
Antrim Resources (N.I.) Limited 1 Queens Terrace Aberdeen AB10 1XL
Ian Suttie Steven Bowyer Brian Cameron Martin Suttie
01224 624666 http://www.firstoilexpro.com
APACHE NORTH SEA LIMITED Caledonia House, Prime Four Business Park Kingswells Causeway Aberdeen AB15 8PU
Jon Sauer James House Cory Loegering Grady Ables
01224 505 000 http://www.apachecorp.com/
79
ARCO BRITISH LIMITED, LLC 1 Wellheads Avenue Dyce Aberdeen AB21 7PB
John Bartlett Trevor Garlick James Halliday David Goodwill David Lynch
01224 832000 http://www.bp.com
ATLANTIC PETROLEUM UK LIMITED 26/28 Hammersmith Grove London W6 7BA
Ben Arabo 0208 834 1045 http://www.petroleum.fo
Aurora Energy Resources Limited The Office, Westfield Estate Milltimber Aberdeenshire AB13 0EX
Ken McHattie Larry Kinch Ian Roche Margaret Stoddart Tristan Cutler
01224 748414 http://www.aurora-petroleum.com
Bayerngas Europe Limited Suite 4A 160 London Rd Sevenoaks TN13 1BT
Gerald Harrison 01959 567450 http://www.bayerngasnorge.com/
BG Group Shell Centre London SE1 7NA
Alan McLean Sami Iskander Erik Bonino Russell O'Brien Kate Jackson Martinus Ten Brink Simon Constant-Glemas Brian Eggleston Paul Goodfellow
01189 353222 http://www.bg-group.com
80
BHP Billiton Limited Neathouse Place London SW1V 1BH
Antonello Persico Stewart Cox Maree Robertson Kristen Ray Geraldine Slattery
0207 802 4000 http://www.bhpbilliton.com
BLACKLAND PARK EXPLORATION LTD 34 ARLINGTON ROAD LONDON NW1 7HU
Stephen Goschalk Rupert Lycett-Green Vermund Aarflot John Lycett Green James Dunn
01522 500539
Bowland Resources Limited MILLSTREAM MAIDENHEAD ROAD WINDSOR SL4 5GD
Kenneth Robertson Paul Tanner Roy Lumsden Steinar Meland
01753 494000 http://www.centrica.com/
BP EXPLORATION OPERATING COY LIMITED
1 Wellheads Avenue Dyce Aberdeen AB21 7PB
John Bartlett Peter Mather David Lynch Peter Miller Karen Maclennan Emma Delaney-McKnight Mark Thomas
01224 832000 http://www.bp.com
BRITOIL LIMITED 1 WELLHEADS AVENUE DYCE ABERDEEN AB21 7PB
Peter Mather David Lynch Peter Miller Karen Maclennan Sandra MacRae Mark Thomas Bruce Price
01224 832000 http://www.bp.com
81
Brockham Capital Limited Squires Farm Logmore Lane Dorking Surrey RH4 3JL
Alexander Brodie
Burlington Resources (Irish Sea) Limited
Rubislaw House, Anderson Drive Aberdeen AB15 6FZ
Andrew Hastings Dominic MacKlon Ross Stalker
01224 205000 http://www.conocophillips.com/
Cairn Energy plc 50 Lothian Road Edinburgh EH3 9BY
Iain McLaren Peter Kallos Todd Hunt Keith Lough Simon Thomson Mary Shepherd Alexander Berger Ian Tyler James Smith
0131 475 3000 http://www.cairnenergy.com/
Calenergy Gas Limited Level Three 55 Drury Lane London WC2B 5SQ
Michael Sparkes Peter Youngs Thomas Fielden
0207 208 1600 http://www.calenergy.com/
CENTRICA RESOURCES LIMITED MILLSTREAM MAIDENHEAD ROAD WINDSOR SL4 5GD
Christopher Cox Kenneth Robertson Paul Tanner Roy Lumsden Fraser Weir Steinar Meland
01753 494000 http://www.centrica.com
82
CHEVRON NORTH SEA LIMITED Chevron House Hill of Rubislaw Aberdeen AB15 6XL
Anthony McGarva Richard Hinkley Edward Callaghan Greta Lydecker David Dillard Roderick Green
01224 334000 http://www.chevron.com
CIECO E & P (UK) LIMITED 18th Flr Broadgate Tower 20 Primrose Street London EC2A 2EW
Shoji Hirokawa Suo Ishibashi Toshiyuki Mori
0207 070 5800 http://www.cieco.co.uk/
CIRQUE ENERGY (UK) LIMITED Greenacre Shoreditch Taunton Somerset TA3 7BL
Stephen Bushell Terry Lindquist Steve Polowick Robert Yanota Rick Quigley
01823 275875
CNR INTERNATIONAL St Magnus House Guild Street Aberdeen AB11 6NJ
Timothy McKay Barry Duncan David Whitehouse William Bell Andrew McBoyle
01224 303600 http://www.cnrinternational.com
CONOCOPHILLIPS (U.K.) LIMITED Rubislaw House, Anderson Drive Aberdeen AB15 6FZ
Andrew Hastings Nicholas Allen Dominic MacKlon Ross Stalker
01224 205000 http://www.conocophillips.com
DANA PETROLEUM King’s Close 62 Huntly Street Aberdeen AB10 1RS
David Crawford Yongwoo Kang Robert Elliot
01224 616000 http://www.dana-petroleum.com
Dart Energy Limited 46 Hyde Road Paignton Devon TQ4 5BY
Alan Schutt
83
Doriemus plc Suite 3B, Jermyn Street London SW1Y 6DN
Grant Roberts David Lenigas Donald Strang Hamish Harris
0207 440 0642 http://www.doriemus.co.uk/home
Dorset Exploration Limited The Wheat House 98 High Street Odiham Hampshire RG29 1LP
Mark Abbott Jeremy Field
01256 702292 01428 713608
http://www.egdon-resources.com/
DYAS EOG LIMITED 5TH FLOOR 1 EXCHANGE CRESCENT Edinburgh EH3 8UL
Stephen Rennie Adam Thompson Petrus Waaijer
0131 229 6907 www.shv.nl
DYAS UK LIMITED ATHENA HOUSE ATHENA DRIVE TACHBROOK PARK WARWICK CV34 6RL
Stephen Rennie Petrus Waaijer Adam Thompson Robert Baurdoux
00 31 30 2338 434 http://www.dyas.nl
E. F. OIL AND GAS LIMITED Crawpeel Road, Altens Industrial Estate, Aberdeen, AB12 3FG
Iain McCombie Pierre Ozon Elis. Van Heeswijk Alain Pouthas
01224 297000 http://www.uk.total.com
Ecorp Oil & Gas UK Limited The Wheat House 98 High Street Odiham Hampshire RG29 1LP
John Thrash Robert Voorhees
01256 702292 http://www.egdon-resources.com/
Edison E&P UK Limited 1 Cavendish Place London W1G 0QF
Philippe Antoine Guiseppe D'Ali Pierluigi Nalin Fabio Dubini Roberto Cozzi Alessandro Agostini
00 47 52 97 71 00 http://www.edison-norge.no/contact-us
84
EGDON RESOURCES U.K. LIMITED The Wheat House 98 High Street Odiham Hampshire RG29 1LP
Philip Stephens Mark Abbott Walter Roberts James elston Jeremy Field
01256 702292 http://www.egdon-resources.com/
ENDEAVOUR ENERGY UK LIMITED 40 Queens Road Aberdeen AB15 4YE
Catherine Stubbs Steven Pully Joseph McInnes George Sandison James Lachance Gary Hanna
01224 202850 http://www.endeavourcorp.com/
ENGIE E&P UK LTD Union Plaza, Union Wynd Aberdeen AB10 1SL
Benoit Mignard Ruud Zoon H. Verbockhaven Maria Hanssen Laurent Dallet
01224 269 800 http://www.engie-ep.co.uk/
ENI UK LIMITED ENI House 10 Ebury Bridge Road London SW1W 8PZ
Roberto Pasqua Paolo Morandotti Luigi Piro Enrico Cingolani
0207 344 6000 www.eniuk.co.uk
ENQUEST HEATHER LIMITED Annan House Palmerston Road Aberdeen AB11 5QP
Stefan Ricketts Paul Massie Craig Stewart Neil McCulloch
01224 975000 http://www.enquest.com
ENTERPRISE OIL LIMITED Shell Centre 8 York Road London SE1 7NA
Gary Archibald Rolynda Sprouse David Kemshell
0207 925 4000 http://www.shell.co.uk
85
EQ PETROLEUM (SABAH) LIMITED Annan House Palmerston Road Aberdeen AB11 5QP
Stefan Ricketts Faysal Hamsa Andrew Watt John Penrose
01224 975000 http://www.enquest.com
ESSO E & P UK LIMITED Exxon Mobil House Mail Point 21, Ermyn Way Leatherhead, Surrey KT22 8UX
Louise McKenzie Stacey Weltmer Timothy Stevens Peter Clarke
01372 222000 http://www.exxonmobil.co.uk
Euroil Exploration Limited Hyde Park House 5 Manfred Road London SW15 2RS
Colin Heatley Pierluigi Nalin Alessandro Agostini Roberto Cozzi Giorgio Bolis
EUROPA OIL & GAS 6 PORTER STREET LONDON W1U 6DD
Philip Greenhalgh Hugh Mackay
0207 224 3770 http://www.europaoil.com
EWE VERTRIEB GMBH Mcgrigors LLP Johnstone House 52-54 Rose Street Aberdeen AB10 1UD
http://www.ewe.de/
Fairfield Energy plc Ash House, Fairfield Ave Staines TW18 4AB
Ian Sharp Andrew Hockey John Wiseman
01224 300500 www.fairfield-energy.com
FAROE PETROLEUM (ROGB) LIMITED High Street Saxilby Lincoln LN12 2JQ
Jonathan Cooper Julian Riddick
http://www.rocoil.com.au
FAROE PETROLEUM (U.K.) LIMITED 24 Carden Place Aberdeen AB10 1UQ
Julian Riddick Graham Stewart Jonathan Cooper Helge Hammer
01224 650 920 http://www.faroe-petroleum.com
86
FINA EXPLORATION LIMITED Crawpeel Road, Altens Industrial Estate, Aberdeen, AB12 3FG
Alain Pouthas Michael Borrell Elisabeth Proust-Van Heeswijk
01224 297000 http://www.uk.total.com
First Oil Plc 1 Queens Terrace Aberdeen AB10 1XL
Ian Suttie Steven Bowyer Brian Cameron Martin Suttie
01224 624666 http://www.firstoilexpro.com
Gas-Union Gmbh 21 Tudor Street London EC4Y 0DJ
Dr Oliver Malerius Dr Jens Nixdorf
00 49 69 3003 - 0 https://www.gas-union.de/24-1-The-company.html
Gazprom Germania Markgrafenstraße 23 Berlin, 10117 Germany
Andrey Biryulin Vyach. Krupenkov
00 49 30 20195 - 0 www.gazprom.com/press/reports/2015/global-approach/
Hansa Hydrocarbons Limited 67-68 Longacre London WC2E 9JD
Simon Lunn Patrick Kennedy John Martin Willem Tortike
0207 836 9980 http://www.hansahydrocarbons.com/
HUMBLY GROVE ENERGY LIMITED Weston Common The Avenue, Lasham Alton Hants GU34 5SY
Klaus Reinisch Fergal Murphy Arthur Moors Wan Adnan
01256 381621 http://www.humblyenergy.co.uk/
IDEMITSU PETROLEUM UK LTD. 6th Floor, Shaftesbury House, 151 Shaftesbury Avenue, London WC2H 8AL
Kazuo Okamoto Shogo Hirahara
0207 395 6140 http://www.iog-idemitsu.co.jp/eng/project/uk/index.html
87
Igas Energy plc 7 Down Street London W1J 7AJ
Francis Gugen John Bryant Cuthbert McDowell Robin Pinchbeck Stephen Bowler John Blaymires
0207 993 9899 http://www.igasplc.com
INEOS UK SNS LIMITED 4th Floor, 90 High Holborn London WC1V 6LJ
Andrew Pizzey Geir Tuft Adrian Coker Mark Hughes Hans-Juergen Bister Douglas Scott
0203 116 0200 http://www.ineos.com/
IONA ENERGY COMPANY (UK) LIMITED
LOWER GROUND SUITE 3 QUEENS GATE ABERDEEN AB15 5YL
Iain McKendrick Thomas Reynolds
01224 228400 http://www.ionaenergy.com/
Iranian Oil Company (U.K.) Limited Riverside House, Riverside Drive, Aberdeen, AB11 7LH
Mahmoud Zadeh Seyed Mohaddes Mohsen Paknejad
01224 224353 http://www.iocukltd.com/
IS E&P Limited 80 Hill Rise Richmond Surrey TW10 6UB
Maurice Hazzard Ken Ratcliff Andrew Hindle Alan Booth Stewart McGarrity Anita Gardiner
0208 332 1200 http://www.infrastrata.co.uk/
88
IS NV Limited 80 Hill Rise Richmond Surrey TW10 6UB
Maurice Hazzard Ken Ratcliff Andrew Hindle Alan Booth Stewart McGarrity Anita Gardiner
0208 332 1200 http://www.infrastrata.co.uk/
ISLAND GAS LTD 7 Down Street, London W1J 7AJ
Stephen Bowler John Blaymires Julian Tedder
0207 993 9899 http://www.igasplc.com
ITHACA NORTH SEA LIMITED 8 Rubislaw Terrace Aberdeen AB10 1XE
Graham Forbes Leslie Thomas
01224 638 582 http://www.ithacaenergy.com/
JX NIPPON E & P (U.K.) LIMITED 8th Floor 199 Bishopsgate London EC2M 3TY
Timothy Blackford Kemmei Nakata Yoshihiko Yamazaki Naoyoshi Kaneko Akira Omachi
0207 309 7650 http://www.nex.jx-group.co.jp/english/
KUFPEC UK Limited 400 Capability Green Luton Bedfordshire LU1 3AE
Nawaf Al-Sabah Husneya Ali Ghada Al-Amer
01483 757747 http://www.q8aviation.com
Liverpool Bay Limited 10 Ebury Bridge Road London SW1W 8PZ
Roberto Pasqua Silvia Masi Luigi Piro
0207 344 6000 http://www.eni.com/
MAERSK OIL Maersk House, Crawpeel Road, Altens, Aberdeen AB12 3LG
Morten Kelstrup Glenn Corr Brian Welinder Gretchen Watkins Graham Talbot
01224 242000 http://www.maerskoil.com
89
MARATHON OIL U.K. LLC Marathon House Hill of Rubislaw Anderson Drive Aberdeen AB15 6FZ
Thomas Little Carl Hubacher Helga Sandison
01224 803000 http://www.marathon.com/
MARUBENI OIL & GAS (NORTH SEA) LIMITED
1st Floor, Burdett House 15-16 Buckingham Street London WC2N 6DU
Gary Nienow Isao Suzuki Takeo Morita
0207 766 3636 http://europe.marubeni.com/business-activities/groupcompanies.html?id=3
MCX DUNLIN (UK) LIMITED Mid City Place, 71 High Holborn London WC1V 6BA
Jiro Mukai Michio Kawamata Tetsuya Nishigaki Eisuke Shiozaki Yusuke Uchimura
0207 025 3445 Web: http://www.mitsubishicorp.com
MITSUI E&P UK LIMITED 8th & 9th Floor, 1 St Martin's Le Grand, London EC1A 4AS
Naoki Ishii Chisumi Tanaka Tomonori Nomura Fusaaki Matsumoto Toru Matsui Koji Asanuma Tatsuhiko Matsuura
0207 822 0321 http://www.moeco.com/en/project/britain.html
90
MOLGROWEST (I) LIMITED Riverside House, Riverside Drive, Aberdeen, AB11 7LH
Nico Brunsmann Kornel Toth Stephen Kemp Szabolcs Boroczky
01224 224300 http://www.molgroup.hu
MURPHY PETROLEUM LIMITED 4 Beaconsfield Road, St. Albans Hertfordshire AL1 3RH
Walter Compton Earl Botner Michael Jackson
01727 892400 http://www.murphyoilcorp.com
NAUTICAL PETROLEUM LIMITED 6th Floor 20 Berkeley Square London W1J 6EQ
Simon Thompson Paul Mayland Brita Holstad James Smith
0207 550 4890 http://www.cairnenergy.com/
NEXEN PETROLEUM U.K. LIMITED Prospect House, 97 Oxford Road Uxbridge UB8 1LU
Ray Riddoch Ian Smale Gina Barber Zhi Fang Jamie Doyle
01895 237700 www.nexencnoocltd.com
Nippon Oil Milbank House 1 Finsbury Square London EC2A 1AE
Timothy Blackford Kemmei Nakata Masahiro Ozawa Takuya Wada Akira Omachi
0207 309 7650 http://www.nex.jx-group.co.jp/english/
NOBLE ENERGY (OILEX) LIMITED Oceana House, 154 High Street Sevenoaks TN13 1XE
John Huser Amy Jolly
01732 741999 http://www.nobleenergyinc.com
NORECO OIL (UK) LIMITED 15 APPOLD STREET LONDON EC2A 2HB
Sije Augustson Carsten Tolderlund
00 47 99 28 39 00 http://www.noreco.com/en/
91
NORTH SEA ENERGY (UK) LIMITED Brodies House, 31-33 Union Grove ABERDEEN AB10 6SD
Ian Lambert 00 1 416 366 4700 www.northseaenergy.ca/aboutus.html
Northern Petroleum plc Chester House, Unit 3.01 Brixton Road London SW9 6DE
Nicholas Morgan Keith Bush
0207 469 2900 http://www.northernpetroleum.com/
NSGP (Ensign) Limited 22 Grenville Street St. Hellier Jersey JE4 8PX
OMV (U.K.) LIMITED 62 Buckingham Gate London SW1E 6AJ
Michael Flanagan David Latin Vincent Graham Axel Boss Ant Van Der Haarten Hans Veit
0207 333 1600 http://www.omv.com
ONSHORE PRODUCTION SERVICES LIMITED
SOUTHOLME, TRINITY STREET Gainsborough Lincolnshire DN21 2EQ
John Sang Karl Wilkinson Richarsd Wilkinson
ORANJE-NASSAU ENERGIE UK LIMITED
6th Floor Union Plaza 1 Union Wynd Aberdeen AB10 1DQ
Alexander Berger Chris van Steveninck
00 31 205 354100 http://www.onebv.com/
Paladin Resources Limited 163 Holburn Street, Aberdeen AB10 6BZ
Jose Vega Ferdinando Rigardo Luis Sanchez
01224 352500 http://www.talisman-sinopec.com/
92
PARKMEAD GROUP plc 4 Queens Terrace Aberdeen AB10 1XL
Thomas Cross Ryan Stroulger Dr Colin Percival Ian Rawlinson Philip Dayer
01224 622200 http://www.parkmeadgroup.com/
Perenco UK Limited 10 Duke of York Square, London SW3 4LY
Nicholas Fallows Jonathan Parr Jan Rusin Kim Kallmeyer Brian James Franck Dy
0207 901 8200 http://www.perenco.com
PREMIER OIL E&P UK LIMITED 23 Lower Belgrave Street London SW1W 0NR
Anthony Durrant Robert Allan Richard Rose
0207 730 1111 http://www.premier-oil.com/
PREMIER OIL UK LIMITED Upper Denburn House Prime Four Business Park Kingswells Causeway Kingswells Aberdeen AB15 8PU
Anthony Durrant Robert Allan Rachel Rickard Richard Rose Stuart Wheaton Julie Forsyth Dean Griffin
01224 318900 http://www.premier-oil.com/
REPSOL SINOPEC RESOURCES UK LIMITED
163 Holburn Street, Aberdeen AB10 6BZ
Roger Ramshaw John Warrender Yi Zhang Luis Cabra Manuel Garcia Blanco
01224 352500 http://www.talisman-sinopec.com
93
RIGEL PETROLEUM (NI) LIMITED Talisman House 163 Holburn Street Aberdeen AB10 6BZ
John Warrander John Forrest Yi Zhang Luis Aurelio Cabra Manuel Blanco
01224 352500 http://www.talisman-energy.co.uk
SCHIEHALLION OIL & GAS LIMITED Shell Centre London SE1 7NA
Simon Willems George Paul Mark Tough
01372 229500 http://www.shell.co.uk
SERICA ENERGY (UK) LIMITED 52 George Street London W1U 7EA
Antony Walker Clara Altobell Daniel Fewkes
0207 487 7300 http://www.serica-energy.com/
SHELL U.K. LIMITED 1 Altens Farm Road Nigg Aberdeen AB12 3FY
David Moss Michael Coates Jonathan Kohn Erik Bonino Joanne Wilson Nigel Hobson Paul Goodfellow
01224 882 000 http://www.shell.co.uk
SOJITZ ENERGY PROJECT LIMITED 7th Floor Northern & Shell Bldg 10 Lower Thames Street London EC3R 6EQ
Takahiro Ebisu Daisuke Yasuda Jin Nakayabu
0207 337 7800 http://www.sojitz.com/en/
SPIKE EXPLORATION UK LTD 17 Cavendish Sq. London W1G 0PH
Alf Thorkildsen Per Knudsen
0203 008 7642 http://www.spike-x.com/
SSE E&P UK Limited Inveralmond House 200 Dunkeld Road Perth PH1 3AQ
James Smith Martin Pibworth Edward Lawns
01738 456000 http://www.sse.com/
94
STAR ENERGY OIL & GAS LIMITED 7 DOWN STREET LONDON W1J 7AJ
Stephen Bowler John Blaymires Julian Tedder
0207 993 9899 http://www.igasplc.com
STATOIL (U.K.) LIMITED 1 Kingdom Street, London, W2 6BD
Svein Skeie Robert Adams Tove Sjoeblom Cecilie Ronning Uno Rognli
0203 204 3200 http://www.statoil.com
Sterling Resources (UK) Limited 30 Abercrombie Court Arnhall Business Park Westhill Aberdeen AB32 6FE
Andrew Leeser Christine Shinnie John Rapach
01224 806610 www.sterling-resources.com/aberdeen.html
SUMMIT EXPLORATION & PRODUCTION LTD
23 COLLEGE HILL LONDON EC4R 2RP
Tadashi Fujimagari Richard Saxby Carl Smith Yukio Kanazawa Satoru Sugiura Watoru Sato
0207 429 3500 http://summiteandp.com/
SUNCOR ENERGY UK LIMITED 28b Albyn Place Aberdeen AB10 1YL
Ronald Davie Steven Trueman Dwayne Zeller
01224 565600 http://www.suncor.com
TAQA BRATANI LIMITED Taqa Bratani Limited Prospect Road, Westhill, Aberdeenshire, AB32 6FE
Peter Jones Alexander Hutchison Donald Taylor David Gibson Neil Fowler Saeed Aldhaheri
01224 275275 http://www.taqa.ae
95
TERRAIN ENERGY LIMITED 104 PARK STREET MAYFAIR LONDON W1K 6NF
Arthur Glencross Eric King Stephen Jenkins
0207 518 1714 http://terrain-energy.com/
Third Energy UK Gas Limited Knapton Genern. Station East Knapton Malton YO17 8JF
Rasik Valand John Dewar David Robottom
01944 758746 http://www.third-energy.com/
TOTAL E&P UK LIMITED Crawpeel Road, Altens Industrial Estate, Aberdeen, AB12 3FG
Alain Pouthas Michael Borrell Elizabeth Proust-Van Heeswijk Frederic Agnes
01224 297000 http://www.uk.total.com
TRANSWORLD PETROLEUM (U.K.) LIMITED
163 Holburn Street, Aberdeen AB10 6BZ
John Warrander Yi Zhang Manuel Blanco Luis Aurelio Cabra
01224 352500 http://www.talisman-sinopec.com
TRAP OIL LTD 10 The Triangle, NG2 Business Park Nottingham NG2 1AE
Scott Brown Ronald Lansdell
0203 170 5586 http://www.trapoil.com
Tullow Oil SK Limited 9 Chiswick Park 566 Chiswick High Road London W4 5XT
Ian Springett Paul McDade Kevin Massie Ruprt Rowland-Clark Richard Miller
0203 249 9000 http://www.tullowoil.com/
UK Oil & Gas Investments plc Suite 3B, Princes House 38 Jermyn Street London SW1Y 6DN
Kiran Morzaria Jason Berry Stephen Sanderson
0207 440 0640 http://www.ukogplc.com/
96
VERUS PETROLEUM (SNS) LIMITED 3 Queen's Gardens Aberdeen AB15 4YD
Peter Campbell Alan Curran Colin Christie John Baillie
01224 659120 www.veruspetroleum.com
Wingas Storage UK Limited Building 3 Chiswick Business Park 566 Chiswick High Road London W4 5YA
Detlef Weidermann Andreas Renner Helmut Cordes Sergey Shkurov Sergey Tregub Jens Nuhn
0208 849 8760 http://www.wingas-storage.com/
ZEUS PETROLEUM LIMITED
4 Queens Terrace Aberdeen AB10 1XL
Thomas Cross Ryan Strougler
01224 622200 http://www.parkmeadgroup.com/
97
10) Company Debt
Company Debt 2014 2013 Change
BP EXPLORATION OPERATING COMPANY LIMITED 11,294,113,026 18,907,845,118 -7,613,732,092
NEXEN PETROLEUM U.K. LIMITED 1,935,221,475 3,496,265,621 -1,561,044,146
BRITOIL 1,198,888,219 2,171,480,161 -972,591,942
Alpha Petroleum Resources Limited 19,084,000 732,484,000 -713,400,000
ARCO BRITISH LIMITED, LLC 230,116,622 774,483,532 -544,366,910
Ithaca Causeway Limited 0 316,519,330 -316,519,330
ENI UK LIMITED 1,167,657,000 1,430,606,000 -262,949,000
FAIRFIELD BETULA LIMITED 358,037,079 533,532,679 -175,495,600
PERENCO UK LIMITED 1,652,035,000 1,825,522,000 -173,487,000
TAQA BRATANI 2,391,667,949 2,553,836,985 -162,169,036
CENTRICA RESOURCES LIMITED 1,422,248,000 1,581,836,000 -159,588,000
MURPHY PETROLEUM LIMITED 251,554,000 409,602,000 -158,048,000
ESSO E & P UK LIMITED 4,153,000,000 4,240,000,000 -87,000,000
ENI AEP LIMITED 67,314,000 146,602,000 -79,288,000
MAERSK OIL NORTH SEA UK LIMITED 1,491,624,332 1,562,291,911 -70,667,579
PREMIER OIL E&P UK LIMITED 315,216,000 379,827,000 -64,611,000
CENTRICA NORTH SEA OIL LIMITED 256,004,000 311,855,000 -55,851,000
STAR ENERGY WEALD BASIN LIMITED 1,773,000 44,509,000 -42,736,000
ATLANTIC PETROLEUM UK LIMITED 9,510,357 39,609,670 -30,099,313
NORECO OIL (UK) LIMITED 86,489,397 113,208,544 -26,719,147
Burlington Resources (Irish Sea) Limited 294,982,000 319,363,000 -24,381,000
DYAS UK LIMITED 427,005,000 450,081,000 -23,076,000
Gas-Union Gmbh 385,340,541 407,979,497 -22,638,956
Igas Energy plc 190,157,000 212,428,000 -22,271,000
98
IONA UK HUNTINGTON LIMITED 36,294,777 42,744,562 -6,449,785
HUMBLY GROVE ENERGY LIMITED 80,576,000 85,617,000 -5,041,000
ALBA RESOURCES LIMITED 4,204,000 8,810,000 -4,606,000
DYAS EXPLORATION UK LIMITED 43,214,000 46,339,000 -3,125,000
Aurora Energy Resources Limited 1,734,710 4,611,370 -2,876,660
PARKMEAD GROUP plc 25,090,000 27,728,000 -2,638,000
FAROE PETROLEUM (ROGB) LIMITED 26,813,754 28,278,814 -1,465,060
EUROPA OIL & GAS LIMITED 13,921,000 15,134,000 -1,213,000
VERUS PETROLEUM (SNS) LIMITED 86,374,373 87,221,952 -847,579
Verus Petroleum (SNS) Limited 86,374,373 87,221,933 -847,560
Wingas Storage UK Limited 7,007,224 7,801,258 -794,034
Doriemus plc 336,000 771,355 -435,355
NORTHERN PETROLEUM (UK) LIMITED 896,340 1,327,343 -431,003
CIRQUE ENERGY (UK) LIMITED 3,668,402 3,720,479 -52,077
BLACKLAND PARK EXPLORATION LIMITED 425,267 437,127 -11,860
MARATHON OIL NORTH SEA (G.B.) LIMITED 0
FIRST OIL AND GAS LIMITED 0
SUMMIT PETROLEUM DORSET LIMITED 0
EWE VERTRIEB GMBH 0
WINTERSHALL (E&P) LIMITED 0
WINTERSHALL (UK NORTH SEA) LIMITED 0
Antrim Resources (N.I.) Limited 0
SCHIEHALLION OIL & GAS LIMITED 0
EUROPA OIL & GAS (WEST FIRSBY) LIMITED 0
NORTHERN PETROLEUM (GB) LIMITED 0
TERRAIN ENERGY LIMITED 0
IS E&P Limited 0
IS NV Limited 0
99
FINA EXPLORATION LIMITED 0
Egdon Resources Avington Limited 27,901 27,498 403
ONSHORE PRODUCTION SERVICES LIMITED 700,548 633,105 67,443
ANGUS ENERGY WEALD BASIN NO.3 LIMITED 3,327,817 3,175,659 152,158
SOJITZ ENERGY PROJECT LIMITED 151,872,822 151,674,229 198,593
Dorset Exploration Limited 300,894 96,304 204,590
UK Oil & Gas Investments plc 496,000 121,000 375,000
Ecorp Oil & Gas UK Limited 13,316,737 12,939,558 377,179
MARUBENI OIL & GAS (NORTH SEA) LIMITED 52,659,779 51,877,797 781,982
MCX OSPREY (UK) LIMITED 71,832,051 70,985,072 846,979
ZEUS PETROLEUM LIMITED 49,243,000 48,331,000 912,000
Calenergy Gas Limited 4,380,000 3,061,000 1,319,000
EGDON RESOURCES U.K. LIMITED 22,256,682 20,914,144 1,342,538
Euroil Exploration Limited 4,451,967 2,863,641 1,588,326
NORTH SEA ENERGY (UK) LIMITED 9,081,208 7,204,582 1,876,626
SUMMIT EXPLORATION & PRODUCTION LIMITED 31,679,667 29,596,099 2,083,568
Paladin Resources Limited 32,457,912 30,265,944 2,191,968
ORANJE-NASSAU ENERGIE UK LIMITED 6,545,705 1,870,694 4,675,011
ISLAND GAS (SINGLETON) LIMITED 43,106,000 37,455,000 5,651,000
Third Energy UK Gas Limited 49,228,028 42,446,837 6,781,191
BHP BILLITON PETROLEUM GREAT BRITAIN LIMITED 110,935,651 102,110,806 8,824,845
APACHE NORTH SEA LIMITED 1,979,841,087 1,970,922,081 8,919,006
ENI ULX LIMITED 293,924,467 284,443,565 9,480,902
TRAP OIL LTD 86,943,875 76,021,281 10,922,594
Hansa Hydrocarbons Limited 93,759,897 82,581,056 11,178,841
Ithaca Gamma Limited 54,509,804 42,949,099 11,560,705
Bayerngas Europe Limited 231,298,287 219,183,607 12,114,680
SPIKE EXPLORATION UK LTD 56,059,797 41,261,636 14,798,161
EQ PETROLEUM (SABAH) LIMITED 27,333,465 8,999,142 18,334,323
100
EQ Petroleum Sabah Limited 27,333,465 8,999,142 18,334,323
RIGEL PETROLEUM (NI) LIMITED 61,253,053 39,965,670 21,287,383
DYAS EOG LIMITED 224,767,000 203,047,000 21,720,000
INEOS UK SNS LIMITED 810,520,000 785,204,000 25,316,000
FIRST OIL EXPRO LIMITED 267,695,000 239,426,000 28,269,000
ITHACA MINERALS (NORTH SEA) LIMITED 97,862,943 £68,354,789 29,508,154
ENDEAVOUR ENERGY UK LIMITED 945,282,234 915,118,506 30,163,728
AMOCO (FIDDICH) LIMITED 147,722,922 116,410,708 31,312,214
Tullow Oil SK Limited 274,331,000 241,945,000 32,386,000
SSE E&P UK Limited 392,200,000 359,700,000 32,500,000
E. F. OIL AND GAS LIMITED 749,912,000 717,100,000 32,812,000
Bowland Resources Limited 93,193,000 57,890,000 35,303,000
ISLAND GAS LIMITED 261,247,000 224,752,000 36,495,000
MARATHON OIL U.K. LLC 639,870,355 601,034,438 38,835,917
MCX DUNLIN (UK) LIMITED 173,033,471 133,533,899 39,499,572
MITSUI E&P UK LIMITED 244,347,629 200,109,434 44,238,195
NOBLE ENERGY (OILEX) LIMITED 70,456,196 16,781,541 53,674,655
Iranian Oil Company (U.K.) Limited 400,258,925 346,418,424 53,840,501
Sterling Resources (UK) Limited 219,652,000 159,981,000 59,671,000
FAROE PETROLEUM (U.K.) LIMITED 175,814,000 114,035,000 61,779,000
MAERSK OIL UK LIMITED 488,917,546 414,768,790 74,148,756
IDEMITSU PETROLEUM UK LTD. 209,691,999 126,644,929 83,047,070
CIECO EXPLORATION AND PRODUCTION (UK) LIMITED 210,413,000 122,867,000 87,546,000
TRANSWORLD PETROLEUM (U.K.) LIMITED 272,144,979 173,938,118 98,206,861
MOLGROWEST (I) LIMITED 270,414,000 145,537,000 124,877,000
Edison E&P UK Limited 176,785,125 43,041,539 133,743,586
ENQUEST HEATHER LIMITED 1,763,588,829 1,623,279,857 140,308,972
TOTAL E&P UK LIMITED 3,911,832,000 3,738,040,000 173,792,000
SHELL EP OFFSHORE VENTURES LIMITED 1,333,800,000 1,109,400,000 224,400,000
101
ENI ELGIN/FRANKLIN LIMITED 740,977,000 511,683,000 229,294,000
ENGIE E&P UK LTD 728,275,000 495,998,000 232,277,000
ENTERPRISE OIL LIMITED 4,237,600,000 3,988,500,000 249,100,000
OMV (U.K.) LIMITED 1,198,421,910 945,867,526 252,554,384
MARUBENI OIL & GAS (U.K.) LIMITED 828,008,687 573,146,944 254,861,743
CNR INTERNATIONAL (U.K.) LIMITED 1,431,184,000 1,163,240,000 267,944,000
SUNCOR ENERGY UK LIMITED 1,170,582,000 896,359,000 274,223,000
Liverpool Bay Limited 283,220,004 0 283,220,004
CHEVRON NORTH SEA LIMITED 1,997,100,000 1,710,000,000 287,100,000
DANA PETROLEUM (E&P) LIMITED 2,407,191,000 2,072,187,000 335,004,000
ITHACA ENERGY (UK) LIMITED 964,052,288 621,594,375 342,457,913
BG INTERNATIONAL LTD 9,969,000,000 9,550,000,000 419,000,000
STATOIL (U.K.) LIMITED 1,052,988,000 522,477,000 530,511,000
PREMIER OIL UK LIMITED 2,122,453,597 1,521,724,854 600,728,743
JX NIPPON EXPLORATION AND PRODUCTION (U.K.) LTD 1,465,409,302 859,546,000 605,863,302
CONOCOPHILLIPS (U.K.) LIMITED 5,675,600,000 5,026,200,000 649,400,000
SHELL U.K. LIMITED 10,768,000,000 9,988,000,000 780,000,000
REPSOL SINOPEC RESOURCES UK LIMITED 4,812,599,855 3,604,659,668 1,207,940,187
100,264,541,579 103,852,050,828 -3,587,509,249
This final section has been added to look at corporate indebtedness and how it has changed over the last 12 months. What is clear is that there have been winners and losers. Some firms have managed to reduce their debts. In the case of BP in particular this seems to have been assisted by the tax rebates received from the Chancellor. We can see that there is £100 Billion outstanding from the companies listed above. We’ll continue to monitor this to see if things improve or worsen over time.
102
Derek Louden is an MA graduate of the University of Aberdeen and holds a Masters Degree in Energy Studies (with Distinction) from the University of Sheffield. He is a Member of the Energy Institute, a Member of the British Institute of Energy Economics and a Member of the International Association for Energy Economics. Derek has worked for a number of firms in the Service Sector including ABB Vetco Gray, NL Shaffer and was Chief Accountant and Office Manager with JP Kenny Caledonia Ltd during the construction of the SAGE pipeline in the North Sea for Mobil. Subsequently he lectured in Economics and Accounting at Inverness College UHI and traded fuel with Highland Harbours supplying British, French, Spanish and Faeroese boats at West Coast ports. Derek held an International Trade role with Aberdeen City Council and was Finance Director and investor in ITP Solutions Ltd from 2010 to 2015. He is currently seeking contracting opportunities following a spell helping to care for his father during a terminal illness.
Conversion factors used in the Report: Conversion of Barrels to Tonnes @ Rate (Barrels x 0.136 =Tonnes) Source: BP Statistical Review of World Energy (various years)
Conversion of Standard Cubic Feet to Cubic Metres @ Rate (SCuFt x 0.028 =CuM) Source: BP Statistical Review of World Energy (various years)
