A total of 128
million tonnes of oil was produced in 1997 (see Chapter 8)KEY POINTS
A total of 128
million tonnes of oil was produced in 1997 (see Chapter 8)
A total of 91.3
billion cubic metres of gas was produced in 1997 (see Chapter 8)
Oil and gas
production in 1997 accounted for some 2.0% of the UK’s Gross
Domestic Product (GDP) (see Chapter
2)
Total income of
the oil and gas production sector was some £19 billion in 1997
(see Chapter 2)
Government revenue
from the sector is estimated at some £3.5 billion in 1997/98
(see Chapter 2)
Investment in the
sector amounted to £4.4 billion in 1997 (see Chapter 2)
Oil is estimated
to have contributed a positive £4.5 billion to the UK’s
balance of payments in 1997 (see Chapter
2)
Expenditure on
exploration and appraisal (E&A) in 1997 is estimated at £1.2
billion, some 9 per cent higher than 1996 (see Chapter 2)
257 development
wells were drilled in 1997, compared with 261 in 1996 (see Chapter 5)
A record number of
186 offshore fields were in production at the end of 1997; 98
Oil, 75 Gas and 13 Condensate (see Chapter
9)
Production
commenced at 22 new offshore fields during 1997, compared to only
16 in 1996 (see Chapter 7)
Possible maximum
remaining reserves of oil are estimated at 2015 million tonnes
(see Chapter 6)
Possible maximum
remaining gas reserves are estimated at 1985 billion cubic metres
(see Chapter 6)
Title
| Table of Contents
Chapter 1
| Chapter 2
| Chapter 3
| Chapter 4 |
Chapter 5 |
Chapter 6
| Chapter 7
| Chapter 8
| Chapter 9
Appendix 1
| Appendix 2
| Appendix 3
| Appendix 4
| Appendix 5
| Appendix 6
| Appendix 7
| Appendix 8
Appendix 9
| Appendix 10
| Appendix 11
| Appendix 12
| Appendix 13
| Appendix 14
| Appendix 15
| Appendix 16
| Appendix 17
Plate 1
| Plate 2W
| Plate 2E
| Plate 3W
| Plate 3E
| Plate 4W
| Plate 4E
| Plate 5W
| Plate 5E
| Plate 6
| Plate 7
Plate 8W
| Plate 8E
| Plate 9W
| Plate 9E
| Plate 10W
| Plate 10E
| Plate 11
| Plate 12