Facts and Figures


UK Offshore, Oil and Gas Industry Facts

Download this factsheet PDF [64 KB]

A more detailed picture and discussion of the industry's future prospects, is available in the 2007 Economic Report, Oil & Gas UK (Source: UKOOA).

UK production of oil and gas (barrels of oil equivalent (boe) per day)
  • 2006 2.9 million = a total of 588 million barrels of oil and 80 billion cubic metres of gas
  • 2007 3.0 million (predicted) (approx 55% oil / 45% gas)

Total expenditure
  • 2006 £11.5 billion, a 40% increase over the last two years
  • 2007 £10-10.5 billion (predicted)

Capital investment (2006)
  • £5.6 billion, a 66% increase over the last two years (the largest of any industrial sector)

Cost of operating offshore fields, pipelines and onshore terminals (2006)
  • £5.5 billion

Exploration expenditure (2006)
  • £0.6 billion

Contribution in direct taxation to the UK Exchequer
  • 2006 £9.1 billion
  • 2007 £8 billion (predicted)

Contribution to UK's total energy needs (2006)
  • 70%, including 96% of the UK's oil needs and 92% of its gas needs

Labour force (2006)
  • 480,000 employed across the UK
  • 30,000 people in oil and gas companies and major contractors
  • 260,000 within the wider supply chain
  • 90,000 jobs supported by their economic activity
  • 100,000 employed in export activities by supply chain companies

UK World ranking (2006)
  • 12th largest producer of oil and gas combined
  • 4th largest gas producer
  • 15th largest oil producer

Economic contribution over the last 40 years (in 2006 money)
  • £241 billion in exploration and capital development
  • £126 billion on operating costs
  • £232 billion in tax revenues to the UK Exchequer


The following industry reports are available to members in the IMechE Virtual Library:

Snapdata reports
  • Snapshots Report UK Crude Oil
  • Snapshots Report UK Natural Gas
  • Snapshots Report UK LPG (liquefied petroleum gas) Service Stations


EBSCO Business Source Datamonitor reports
  • Oil and Gas Industry Profile
  • Oil & Gas Refining & Marketing Industry Profile: Global
  • Oil & Gas Storage & Transportation Industry Profile: Global
  • Oil, Gas & Consumable Fuels Industry Profile: Global
  • Oil & Gas Industry Profile: Europe
  • Oil & Gas Industry Profile: United Kingdom
  • Integrated Oil & Gas Industry Profile: Global
  • Oil & Gas Drilling Industry Profile: Global
  • Oil & Gas Equipment & Services Industry Profile: Global
  • Oil & Gas Exploration & Production Industry Profile: Global
  • Oil & Gas Industry Profile: Global
  • MarketWatch: Energy


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