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UKCS Production Efficiency in 2016
Production efficiency (PE) has risen for a fourth consecutive year, in 2016 it reached 73%, driving increased production in the United Kingdom Continental Shelf (UKCS). Improvements in efficiency contributed an additional 12 million barrels of oil equivalent (boe) in 2016, which is more than the UKCS’s 7th ranked field.
There is still significant scope for further efficiency improvements, an additional 220,00 boe a day could be generated from underperforming hubs reaching 80% PE.
Online Resource details
Websites:
Link to Oil and Gas Authority website
Countries: UK -
Organisation: Oil and Gas Authority
Subjects: Policy and Governance, Economics, business and commerce, Oil and gas, Primary energy production, Exploration and production, Regulation and accountability
