Appendix 5 - Sales and Expenditure Upon Exploration Development and Operating Activities

APPENDIX 5 - Sales, and Expenditure Upon Exploration, Development and Operating Activities

Sales						Ł million
Year	Total income of which:	Oil	NGLs	Gas	Other⁽¹⁾	Contractors & E&A Licensees
1988	10,491	7,084	249	2,046	859	253
1989	10,527	7,214	272	2,187	547	308
1990	12,016	8,432	277	2,377	405	525
1991	12,106	7,577	385	2,988	476	680
1992	12,237	7,430	380	3,016	626	784
1993	13,842	8,109	523	3,568	699	943
1994	15,942	8,964	528	3,836	974	1,640
1995	17,829	9,881	614	4,141	1,166	2,027
1996	20,995	11,849	748	5,295	1,243	1,862
1997	18,964	10,327	700	5,254	1,279	1,404
1998p	17,039	7,487	551	5,313	1,459	2,228

p - Provisional

Expenses

Expenses				Ł million	Gross Operating Surplus
Year	Total of which:	Operating costs	Other⁽²⁾	Contractors’ expenditure	Total	of which Contractors' & E&A Licensees
1988	2,317	2,060	58	198	8,174	55
1989	2,607	2,330	57	221	7,920	87
1990	3,252	2,892	46	314	8,764	211
1991	3,774	3,296	58	420	8,332	260
1992	3,906	3,312	53	541	8,331	243
1993	4,515	3,661	47	808	9,327	135
1994	5,276	3,860	40	1,376	10,665	264
1995	5,750	3,913	37	1,800	12,079	228
1996	5,514	3,978	31	1,506	15,481	354
1997	5,170	4,150	34	986	13,794	418
1998	5,744	4,190	110	1,444	11,295	784

Notes:

(1) Revenues from pipelines and terminals, and other operators’ revenues and production licensees

(2) Other costs not attributable to oil or gas fields

The figures exclude change in stocks and book value of stocks - Gross Operating Surplus is given as Total Income less Total Expense

p - Provisional

Capital Investment

Capital Investment								Ł million
Year	Exploration expenditure⁽³⁾	of which seismic	Oilfields	Gasfields	Operators 0ther⁽⁴⁾	Contractors & E&A Licensees	Total other	Grand Grand Total
1988	1,129		1,454	728	-56	10	2,136	3,265
1989	1,182		1,712	988	-65	-13	2,622	3,804
1990	1,637		2,425	1,135	-82	-16	3,463	5,100
1991	1,955		3,343	1,735	23	25	5,126	7,081
1992	1,508		3,774	1,600	54	18	5,446	6,954
1993	1,213		3,231	1,340	90	3	4,664	5,877
1994	939	160	2,560	1,060	51	80	3,751	4,690
1995	1,085	204	2,876	1,433	47	83	4,438	5,523
1996	1,097	190	2,997	1,329	38	76	4,440	5,537
1997	1,194	181	2,934	1,294	35	70	4,333	5,527
1998p	762	128	3,188	1,864	-57	91	5,086	5,848

Notes:

(3) Exploration expenditure includes the cost of appraisal wells drilled prior to development approval. Total includes seismic shown.

(4) Other capital investment of operators and production licensees not classified to fields.

Contractors are defined as companies whose main activities are service activities incidental to oil and gas extraction, excluding surveying (Standard Industrial Classification Revision 1992 Class 11.2)

p - Provisional

Operating Expenditure

Operating expenditure										Ł million
Year	Total	Tariffs	Other	Maintenance		Wages & salaries	Insurance	Transport	Platform hire	Miscell.
				Platform & equipment	Field
Oil fields
1988	1,666			232	132	201	169	126	0	808
1989	1,877			372	153	230	128	150	0	845
1990	2,311			446	174	312	148	197	15	1,012
1991	2,643			447	209	325	146	260	6	1,250
1992	2,603			368	178	323	154	235	50	1,296
1993	2,885			391	205	308	228	284	30	1,443
1994	3,036			472	202	311	212	422	10	1,407
1995	3,054			395	266	302	170	501	3	1,417
1996	3,100			357	266	282	136	310	0	1,750
1997	3,122			382	262	244	100	272	47	1,816
1998p	3,072	834	2239
Gas fields
1988	393			64	14	57	33	26	0	200
1989	453			85	20	73	34	27	0	214
1990	583			128	15	82	33	41	0	282
1991	651			125	26	107	40	53	0	299
1992	716			99	26	127	39	65	0	360
1993	776			102	29	95	42	65	7	436
1994	815			120	30	95	48	74	0	448
1995	859			122	24	91	56	58	1	508
1996	878			119	21	100	40	58	0	541
1997	1,014			152	47	111	30	37	1	637
1998p	1,127	441	688

Year	Quarter	Oil fields	Gas fields
1997	Q1	733	220
	Q2	778	261
	Q3	781	256
	Q4	836	285
1998 p	Q1	720	271
	Q2	804	281
	Q3	755	253
	Q4	794	322

Notes: p - Provisional

Development Expenditure by Operators and other Production Licensees

Development expenditure by Operators and other Production Licensees								Ł million
Year	Total	Platform structures	Modules and equipment	Offshore loading systems	Pipelines	Terminals	Development wells	Other expenditure
Oil fields
1988	1,454	144	379	36	102	239	526	28
1989	1,712	341	524	58	214	124	435	16
1990	2,425	748	803	26	232	104	462	49
1991	3,343	1,368	886	17	207	143	548	176
1992	3,774	1,625	973	38	172	244	600	123
1993	3,231	1,205	878	59	66	154	738	131
1994	2,560	1,012	544	14	173	67	724	25
1995	2,876	1,007	615	126	89	56	962	22
1996	2,997	708	585	246	88	65	1278	27
1997	2,934	634	466	289	47	91	1,393	15
1998	3,188	1,097	< included	154	78	54	1,686	120
Gas fields
1988	728	273	162	1	68	52	169	3
1989	988	222	280	0	125	34	320	6
1990	1,135	325	192	0	230	107	267	14
1991	1,735	434	479	0	292	110	412	8
1992	1,600	292	441	0	290	242	294	42
1993	1,340	301	276	1	201	196	322	44
1994	1,060	276	193	18	124	128	313	8
1995	1,433	327	448	16	74	88	467	14
1996	1,329	300	456	1	83	92	357	41
1997	1,294	274	341	27	86	76	448	50
1998	1,865	967	< included	0	191	32	641	35

Year	Quarter	Oil fields	Gas fields
1997	Q1	671	254
	Q2	754	370
	Q3	824	337
	Q4	685	334
1998 p	Q1	965	347
	Q2	771	476
	Q3	668	669
	Q4	784	374

Notes:

(1) Some figures have been revised since the last Energy Report.

(2) Expenditure on gas fields includes all S. Basin, Morecambe, Frigg, Ravenspurn, Bruce, that on FLAGS and the other associated gas gathering pipelines and onshore related facilities, and certain other identifiable parts of fields.

p Provisional

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