United Kingdom (UK) Oil and Gas Exploration and Production Market Volumes and Forecast by Terrain, Assets and Major Companies, 2023 Update
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
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 |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
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 (%)
Buy the Full Report 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 (%)
Buy the Full Report 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 (%)
Buy the Full Report 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 (%)
Buy the Full Report 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
Table
Figures
Frequently asked questions
-
Which was the leading terrain in crude oil and condensate production in the UK in 2022?
Shallow water was the leading terrain in crude oil and condensate production in the UK in 2022.
-
Which was the leading terrain in marketed natural gas production in the UK in 2022?
Shallow water was the leading terrain in marketed natural gas production in the UK in 2022.
-
Which asset had the highest share in the UK crude oil and condensate production market?
Buzzard had the highest share in the the UK crude oil and condensate production market in 2022.
-
What asset had the highest share in the the UK natural gas production market?
Culzean had the highest share in the UK natural gas production market.
-
Which are the key companies in the UK crude oil & condensate production market?
The key 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.
-
Which are the key companies in the UK natural gas production market?
The key 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
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.