To maximise economic recovery from the UK Continental Shelf it is generally agreed that assets should be in the hands of those investors who are best willing and able to achieve this. Transactions in mature fields in the UKCS should therefore not be discouraged by the tax system. This study...

This study employs financial simulation modelling, including use of the Monte Carlo technique, to project oil and gas activity levels in the UK Continental Shelf to 2050 with an oil price scenario gradually rising from 2019 onwards to reach $100 per barrel in real terms in 2050. The Monte Carlo...

This paper examines the effects of different investment hurdle rates on capital expenditure and production relating to new oil and gas fields in the UK Continental Shelf over the period 2017-2050. Financial simulation modelling, including the use of Monte Carlo technique to model future fields,...

Using financial simulation modelling, including the Monte Carlo technique, this study makes projections of long term activity in the UK Continental Shelf under "lower for longer" oil and gas price scenarios. These were (1) $50 per barrel, and 40 pence per therm, and (2) $60 and 50 pence, all in...

Hydrocarbon production from the UK Continental Shelf has now passed its peak. Net gas import requirements started in 2004 and increase substantially. The remaining reserves of both oil and gas are substantial, but are distributed largely in relatively small fields. Historically, depletion policy...

NORTH SEA STUDY OCCASIONAL PAPER No. 122

NORTH SEA STUDY OCCASIONAL PAPER No. 120

NORTH SEA STUDY OCCASIONAL PAPER No. 117