United Kingdom (UK) Oil and Gas Exploration and Production Market Volumes and Forecast by Terrain, Assets and Major Companies, 2023 Update

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The United Kingdom (UK) Oil and Gas Exploration and Production Market Report Overview

The United Kingdom’s oil and gas production mainly stems from offshore terrain, major examples include the North Sea, Irish Sea, and West of Shetlands. The oil and gas industry in the UK plays a very important role in the economy, accounting for over three-quarters of the UK’s primary energy. Oil and gas being major sources of fuel for the transportation, electricity, heating generation and petrochemical industries.

The U.K. has held 33 offshore licensing rounds over about three decades. Due to the pandemic no licensing rounds were launched in 2020, but the awards were finalized for the 32nd offshore licensing round launched in 2019. The round offered bocks in mature and producing regions close to existing infrastructure, allowing for candidates to execute optimally, and as a result the round saw a healthy number of company bids, with 113 license areas awarded to 65 companies.

The UK oil and gas exploration and production market research report provides the United Kingdom’s oil and gas production outlook by assets terrain, and major companies. The report includes key details of active and upcoming oil and gas assets in the country.

Forecast Period 2023-2028
Historical Period 2019-2022
Key Terrains (Gross Crude Oil and Condensate Production) Onshore, Shallow Water, and Deepwater
Key Terrains (Marketed Natural Gas Production) Shallow Water, Onshore and Deepwater
Key Assets (Gross Crude Oil and Condensate Production) Mariner, Clair Ridge, Buzzard, Schiehallion Redevelopment, Clair, Captain, Franklin, Elgin, Golden Eagle, Kraken, and Catcher, among others
Key Assets (Marketed Natural Gas Production) Culzean, Tolmount, Rhum, Cygnus, Franklin, Elgin, Britannia, Shearwater, Everest, Jade, and Calder, among others
Leading Companies (Crude Oil and Condensate Production) BP Plc, Harbour Energy PLC, Shell plc, Delek Group Ltd, EnQuest Plc, Equinor ASA, TotalEnergies SE, China National Offshore Oil Corp, and Apache Corp, among others
Leading Companies (Marketed Natural Gas Production) Harbour Energy PLC, TotalEnergies SE, BP Plc, Centrica Plc, Shell plc, Delek Group Ltd, Serica Energy Plc, HitecVision AS, Perenco Holdings, and Korea National Oil Corp, among others

The UK Gross Crude Oil and Condensate Production Market by Terrains

The key terrains analyzed for the oil and gas exploration UK are onshore, shallow water, and deepwater, among others. In 2022, shallow water accounted for the highest gross crude oil and condensate production in the UK.

The UK Gross Crude Oil and Condensate Production Market Analysis, by Terrains 2022 (%)

The UK Gross Crude Oil and Condensate Production Market Analysis, by Terrains 2022 (%)

For more terrain insights into the UK gross crude oil and condensate production market, download a free report sample

The UK Marketed Natural Gas Production Analysis by Terrain

The key terrains analyzed for the UK marketed natural gas production are onshore, shallow water, and deep water. In 2022, shallow water accounted for the highest natural gas production in the UK, followed by deep water and onshore, respectively.

The UK Gross Crude Oil and Condensate Production Market Segmentation by Assets

The key assets analyzed for The UK’s gross crude oil and condensate production market are Mariner, Clair Ridge, Buzzard, Schiehallion Redevelopment, Clair, Captain, Franklin, Elgin, Golden Eagle, Kraken, and Catcher, among others. In 2022, Buzzard accounted for the highest gross crude oil and condensate production in the UK.

The UK Gross Crude Oil and Condensate Production Market Analysis by Assets, 2022 (%)

The UK Gross Crude Oil and Condensate Production Market Analysis by Assets, 2022 (%)

For more asset insights into the UK gross crude oil and condensate production market, download a free report sample

The UK Marketed Natural Gas Production by Assets

The key assets analyzed for the UK marketed natural gas production are Culzean, Tolmount, Rhum, Cygnus, Franklin, Elgin, Britannia, Shearwater, Everest, Jade, and Calder, among others. In 2022, Culzean accounted for the highest marketed natural gas production in the UK.

The UK Marketed Natural Gas Production Analysis, by Assets 2022 (%)

The UK Marketed Natural Gas Production Analysis, by Assets 2022 (%)

For more asset insights into the UK marketed natural gas production, download a free report sample

The UK Oil & Gas Exploration and Production Market - Competitive Landscape

The leading companies in the UK crude oil & condensate production market are BP Plc, Harbour Energy PLC, Shell plc, Delek Group Ltd, EnQuest Plc, Equinor ASA, TotalEnergies SE, China National Offshore Oil Corp, and Apache Corp, among others. Harbour Energy PLC led the crude oil & condensate production market in 2022.

The leading companies in the UK natural gas production market are Harbour Energy PLC, TotalEnergies SE, BP Plc, Centrica Plc, Shell plc, Delek Group Ltd, Serica Energy Plc, HitecVision AS, Perenco Holdings, and Korea National Oil Corp, among others. TotalEnergies SE led the natural gas production market in 2022.

The UK Crude Oil & Condensate Production Analysis, by Companies 2022 (%)

The UK Crude Oil & Condensate Production Analysis, by Companies 2022 (%)

To know more about leading companies in the UK crude oil and condensate production market, download a free report sample

Segments Covered in the Report

The UK Gross Crude Oil and Condensate Production Market Terrains Outlook (2019-2028)

  • Shallow Water
  • Onshore
  • Deepwater

The UK Gross Marketed Natural Gas Production Outlook (2019-2028)

  • Shallow Water
  • Deepwater
  • Onshore

Scope

The report includes –

  • United Kingdom’s oil and gas production outlook by assets terrain, and major companies.
  • Key details of active and upcoming oil and gas assets in the country.
  • Recently licensed blocks details, and latest discoveries.
  • Latest mergers and acquisitions related to the E&P sector in the country.

Reasons to Buy

  • Gain a strong understanding of the United Kingdom’s E&P sector.
  • Facilitate decision making based on strong historical and outlook of oil and gas production data, licensed blocks details, and discoveries.
  • Assess your competitor’s production outlook and licensed blocks details in the country.
  • Analyze latest M&A landscape related to the country’s E&P sector.

Table of Contents

  • 1. Table of Contents
  • 2. List of Tables
  • 3. List of Figures
  • 4. United Kingdom Exploration and Production Sector
  • 5. Production and Development Outlook
  • 6. United Kingdom Exploration and Production Sector, Oil and Gas Production Outlook
  • 7. United Kingdom Exploration and Production Sector, Marketed Natural Gas Production by Terrain
  • 8. United Kingdom Exploration and Production Sector, Gross Crude Oil and Condensate Production by Assets
  • 9. United Kingdom Exploration and Production Sector, Marketed Natural Gas Production by Assets
  • 10. United Kingdom Exploration and Production Sector, Net Entitlement Crude Oil and Condensate Production by Major Companies
  • 11. United Kingdom Exploration and Production Sector, Net Entitlement Natural Gas Production by Major Companies
  • 12. United Kingdom Exploration and Production Sector, Active and Upcoming Oil and Gas Asset Details
  • 13. United Kingdom Exploration and Production Sector, Exploration
  • 14. United Kingdom Exploration and Production Sector, Exploration Details, Exploration
  • 15. United Kingdom Exploration and Production Sector, Major Oil and Gas Discoveries
  • 16. United Kingdom Exploration and Production Sector, Number of Oil and Gas Discoveries, 2019 – 2023
  • 17. United Kingdom Exploration and Production Sector, Oil and Gas Discovery Details
  • 18. Recent Contracts
  • 19. Recent M&A Activity
  • 20. Appendix
  • 21. Methodology
  • 22. Coverage
  • 23. Secondary Research
  • 24. Contact Us

Table

United Kingdom, Total Gross Crude Oil and Condensate Production (bd) by Terrain, 2019-2028 8

United Kingdom, Marketed Natural Gas Production by Terrain (mmcfd), 2019-2028 9

United Kingdom, Gross Crude Oil and Condensate Production (bd), by Assets, 2019-2028 11

United Kingdom, Marketed Natural Gas Production (mmcfd), by Assets, 2019-2028 14

United Kingdom, Net Entitlement Crude Oil and Condensate Production (bd), by Major Companies, 2019-2028 17

United Kingdom, Net Entitlement Natural Gas Production (mmcfd), by Major Companies, 2019-2028 22

United Kingdom, Active and Upcoming Oil and Gas Field Assets Details 27

United Kingdom, Recently Licensed Block Details 34

United Kingdom, Number of Oil and Gas Discoveries, 2019 – 2023 42

United Kingdom, Oil and Gas Discovery Details, 2019 – 2023 43

Recent Contracts 45

Recent M&A Activity 68

Figures

United Kingdom, Total Gross Crude Oil and Condensate Production (bd) by Terrain, 2019-2028 8

United Kingdom, Marketed Natural Gas Production by Terrain (mmcfd), 2019-2028 9

Top 10 Fields in United Kingdom by 2019-2028 Crude Oil Production 10

Top 10 Fields in United Kingdom by 2019-2028 Natural Gas Production 13

Top 10 Companies in United Kingdom by 2019-2028 Crude Oil and Condensate Production 16

Top 10 Companies in United Kingdom by 2019-2028 Natural Gas Production 21

United Kingdom, Active and Upcoming Oil and Gas Assets by Production Start Year 2019-2028 26

United Kingdom, Number of Oil and Gas Discoveries, 2019 – 2023 42

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