Business Outlook 2017
Oil & Gas UK’s Business Outlook 2017 reflects on the sector’s past performance and assesses its future prospects. The information that forms the basis of this report is provided by our members from across the industry, uniquely positioning us to set out the business outlook for the whole sector.
Economic Report 2016
Report highlights improved competitiveness of UK oil and gas industry but fresh investment is now vital
- Industry efficiencies are driving a 45% drop in the cost of extracting a barrel of oil or gas from the UKCS
- Production up by 10.4% in 2015, the first increase in 15 years
- Major challenges remain, with record low exploration and a lack of capital investment