Table of Contents
1 Table of contents 2
1.1 List of Tables 6
1.2 List of Figures 8
2
Introduction 9
2.1 What Is This Report About? 9
2.2 How To Use This
Report 9
2.3 Market Definition 10
3 Executive Summary 11
3.1 The
United Kingdom Was the Front Runner in Oil and Gas Business 11
3.2 The
Upstream Oil and Gas Activities are slowing Down as a Result of Depleting
resources/Declining Reserves 11
3.3 Investors Losing Interest in the UK' s
Upstream Industry as International Opportunities Open Up 11
3.4 The UK
government is relaxing The Fiscal terms to New Investments 12
3.5 The
Country is the Major Oil and Gas Importer in the European Union 12
3.6 The
Development of Midstream is Critical to Fulfill the Country' s Oil and Gas
Requirements in the Future 12
3.7 The United Kingdom is establishing
Renewable Energy and Other Types of Fuels 12
4 United Kingdom Energy
Sector 13
4.1 The United Kingdom Energy Sector, Market Overview 13
4.2
The United Kingdom Energy Sector, Crude Oil 15
4.2.1 The United Kingdom
Crude Oil, Overview 15
4.2.2 The United Kingdom Crude Oil, Supply and
Demand Balance 15
4.2.3 The United Kingdom Crude Oil, Regulatory Structure
21
4.2.4 The United Kingdom Crude Oil, Infrastructure 22
4.3 The
United Kingdom Energy Sector, Natural Gas 23
4.3.1 The United Kingdom
Natural Gas, Overview 23
4.3.2 The United Kingdom Natural Gas, Supply and
Demand Balance 23
4.3.3 The United Kingdom Natural Gas, Regulatory
Structure 29
4.3.4 The United Kingdom Natural Gas, Infrastructure 30
4.4 The United Kingdom Energy Sector, Coal 31
4.4.1 The United Kingdom
Coal, Overview 31
4.4.2 The United Kingdom Coal, Supply and Demand Balance
31
4.4.3 The United Kingdom Coal, Regulatory Structure 35
4.4.4 The
United Kingdom Coal, Infrastructure 35
4.5 The United Kingdom Energy
Sector, Electricity 36
4.5.1 The United Kingdom Electricity, Overview
36
4.5.2 The United Kingdom Electricity, Supply and Demand Balance 37
4.5.3 The United Kingdom Electricity, Regulatory Structure 43
4.5.4 The
United Kingdom Electricity, Infrastructure 44
5 United Kingdom Fiscal
Regime 45
5.1 The United Kingdom Petroleum Fiscal Environment 45
5.2
License Terms 46
5.3 Key Fiscal Terms 48
5.4 Key Information 50
5.5 Sample Cashflows Calculations 52
6 The United Kingdom Upstream
Investment Environment Benchmarking 53
6.1 Introduction 53
6.2 The
Overall Ranking 53
6.3 Upstream Fiscal Attractiveness 54
6.3.1 Maximum
Government Take Index 55
6.3.2 Maximum State Participation 56
6.4 Oil
and Gas Sector Performance 57
6.4.1 Exploration Activity 59
6.4.2 Oil
and Gas Production 60
6.4.3 Oil and Gas Reserves 61
6.4.4 Consumption
61
6.4.5 Refining Industry 61
6.5 Economic Performance 62
6.5.1
GDP Growth Index 64
6.5.2 FDI Confidence Index 64
6.5.3 Balance of
Trade Index 64
6.6 Socio-Political Performance 65
6.6.1 Democracy
Index 67
6.6.2 Governance Index 67
7 United Kingdom Exploration And
Production Sector 68
7.1 The United Kingdom, Country Snapshot 68
7.1.1
The United Kingdom, Key Data 68
7.1.2 The United Kingdom, Exploration And
Production Assets Map 69
7.1.3 The United Kingdom, Crude Oil & Natural Gas
Reserves 70
7.2 The United Kingdom, Crude Oil And Natural Gas Production
72
7.2.1 The United Kingdom, Historical Crude Oil Production 72
7.2.2
The United Kingdom, Historical Natural Gas Production 73
7.2.3 The United
Kingdom, Crude Oil Production by Company 74
7.2.4 The United Kingdom,
Natural Gas Production by Company 76
7.3 The United Kingdom, Crude Oil And
Natural Gas Forecasts 78
7.3.1 The United Kingdom, Forecasted Crude Oil
Production 78
7.3.2 The United Kingdom, Forecasted Natural Gas Production
78
7.4 The United Kingdom, Exploration Block Details 79
7.4.1 The
United Kingdom, Total Number of Active Exploration Blocks by Area 79
7.4.2
The United Kingdom, Total Number of Active Exploration Blocks By Company
80
8 United Kingdom Midstream & Refining Sector 82
8.1 United Kingdom
Refining Sector, Overview 82
8.1.1 United Kingdom Refining Sector, Crude
Distillation Unit Capacity 82
8.1.2 nited Kingdom Refining Sector, Coking
Capacity 83
8.1.3 United Kingdom Refining Sector, Fluid Catalytic Cracking
Capacity 83
8.1.4 United Kingdom Refining Sector, Hydrocracking Capacity
84
8.2 United Kingdom Pipelines Sector, Overview 84
8.2.1 United
Kingdom Pipelines Sector, Crude Oil Pipelines 84
8.2.2 United Kingdom
Pipelines Sector, Petroleum Product Pipelines 86
8.2.3 United Kingdom
Pipelines Sector, Natural Gas Pipelines 90
8.3 United Kingdom LNG Sector,
Overview 93
8.3.1 United Kingdom LNG Sector, Regasification Capacity
93
9 Appendix 94
9.1 Methodology 94
9.1.1 Coverage 94
9.1.2
Secondary Research 95
9.1.3 Primary Research 95
9.1.4 Forecasts 96
9.1.5 Expert Panel Validation 97
9.2 Definitions 98
9.3 Unit of
Measure 99
9.4 Contact Us 99
9.5 About Global Markets Direct 99
9.6 Disclaimer 99
1.1 List of Tables
Table 1: The UK, Historical
and Forecasted Production and Consumption of Crude Oil, 1996-2020 16
Table
2: The UK, Historical and Forecasted Exports and Imports of Crude Oil,
1996-2020 18
Table 3: The UK, Historical and Forecasted Reserves of Crude
Oil, 1996-2020 20
Table 4: The UK, Historical and Forecasted Production
and Consumption of Natural Gas, 1996-2020 24
Table 5: The UK, Historical
and Forecasted Exports and Imports of Natural Gas, 1996-2020 26
Table 6:
The UK, Historical and Forecasted Reserves of Natural Gas, 1996-2020 28
Table 7: The UK, Historical and Forecasted Production and Consumption of
Coal, 1996-2020 32
Table 8: The UK, Historical and Forecasted Exports and
Imports of Coal, 1996-2020 34
Table 9: The UK, Historical and Forecasted
Electricity Generation Capacity, 1996-2020 38
Table 10: The UK, Historical
and Forecasted Generation and Consumption of Electricity, 1996-2020 40
Table 11: The UK, Historical and Forecasted Exports and Imports of
Electricity, 1996-2020 42
Table 12: Western Europe, Investment
Benchmarking, Overall Country Rankings, April 2008 53
Table 13: Western
Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, April 2008
54
Table 14: Western Europe, Investment Benchmarking, Oil and Gas Sector
Performance, April 2008 57
Table 15: Western Europe, Investment
Benchmarking, Economic Performance, April 2008 62
Table 16: Western
Europe, Country Standings, Economic Performance, April 2008 63
Table 17:
Western Europe, Investment Benchmarking, Socio-Political Performance, April
2008 65
Table 18: Western Europe, Country Standings, Socio-Political
Performance, April 2008 66
Table 19: The United Kingdom, Oil and Gas, Key
Statistics, April 2008 68
Table 20: The United Kingdom, Total Crude Oil
and Natural Gas Reserves, 2000-2012 71
Table 21: The United Kingdom,Crude
Oil Production(MMBBLs), by Area, 2000-2007 72
Table 22: The United
Kingdom,Natural Gas Production(BCF), by Area, 2000-2007 73
Table 23: The
United Kingdom,Crude Oil Production(MMBBLs), by Company, 2000-2007 74
Table 24: The United Kingdom,Crude Oil Production(MMBBLs), by Company,
2000-2007 (Cont' d) 75
Table 25: The United Kingdom,Natural Gas Production
by Company(BCF), 2000-2007 76
Table 26: The United Kingdom,Natural Gas
Production by Company(BCF), 2000-2007(Cont' d) 77
Table 27: The United
Kingdom, Total Crude Oil Production (MMBBLs), Forecast, 2008-2013 78
Table
28: The United Kingdom, Total Natural Gas Production (BCF), Forecast,
2008-2013 78
Table 29: The United Kingdom,Total Number of Active Blocks,
2000-2007 79
Table 30: The United Kingdom, Total Number of Active
Exploration Blocks by Company, 2000-2007 80
Table 31: The United Kingdom,
Total Number of Active Exploration Blocks by Company, 2000-2007 (Cont' d)
81
Table 32: United Kingdom, Europe, Crude Distillation Unit Capacity
in United Kingdom(MMTPA), 2000-2012 82
Table 33: United Kingdom,
Europe, Coking Unit Capacity in United Kingdom(MMTPA), 2000-2012 83
Table
34: United Kingdom, Europe , Fluid Catalytic Cracking Unit Capacity in
United Kingdom(MMTPA), 2000-2012 83
Table 35: United Kingdom, Europe,
Hydrocracking Unit Capacity in United Kingdom(MMTPA), 2000-2012 84
Table
36: United Kingdom, Crude Oil Pipelines in United Kingdom, 2007 84
Table 37: United Kingdom, Crude Oil Pipelines in United Kingdom, 2007
(Cont' d) 85
Table 38: United Kingdom, Petroleum Product Pipelines in
United Kingdom, 2007 86
Table 39: United Kingdom, Petroleum Product
Pipelines in United Kingdom, 2007 (Cont' d) 87
Table 40: United
Kingdom, Petroleum Product Pipelines in United Kingdom, 2007 (Cont' d) 88
Table 41: United Kingdom, Petroleum Product Pipelines in United Kingdom,
2007 (Cont' d) 89
Table 42: United Kingdom, Natural Gas Pipelines in
United Kingdom, 2007 90
Table 43: United Kingdom, Natural Gas
Pipelines , 2007 (Cont' d) 91
Table 44: United Kingdom, Natural Gas
Pipelines , 2007 (Cont' d) 92
Table 45: United Kingdom, Europe,
Regasification Capacity in United Kingdom(Bcf), 2000-2012 93
Table 46:
Brent Blend NYMEX Future Prices 97
1.2 List of Figures
Figure 1:
The UK, Energy Sector Break-Up, 2007 14
Figure 2: The UK, Crude Oil
Production And Consumption, Thousand Barrels Per Day, 1996-2020 17
Figure
3: The UK, Crude Oil Imports And Exports, Thousand Barrels Per Day, 1996-2020
19
Figure 4: The UK, Crude Oil Reserves, Million Barrels, 1996-2020 21
Figure 5: The UK, Natural Gas Production And Consumption, Billion Cubic Feet,
1996-2020 25
Figure 6: The UK, Natural Gas Imports and Exports, Billion
Cubic Feet, 1996-2020 27
Figure 7: The UK, Natural Gas Reserves, Billion
Cubic Feet, 1996-2020 29
Figure 8: The UK, Coal Production And
Consumption, Million Tons, 1996-2020 33
Figure 9: The UK, Coal Imports And
Exports, Million Tons, 1996-2020 35
Figure 10: The UK, Electricity
Production by Fuel Type, 2007 36
Figure 11: The UK, Electricity
Consumption by End User, 2007 37
Figure 12: The UK, Electricity Generation
Capacity, Megawatt, 1996-2020 39
Figure 13: The UK, Electricity Generation
And Consumption, Billion Kilowatt Hours, 1996-2020 41
Figure 14: The UK,
Electricity Exports and Imports, Billion Kilowatt Hours, 1996-2020 43
Figure 15: The United Kingdom, Upstream Oil & Gas Fiscal Regime (Royalty/Tax),
Sample Cashflows, 2005-2016 52
Figure 16: Western Europe, Country
Standings, Upstream Fiscal Attractiveness, April 2008 55
Figure 17:
Western Europe, Country Standings, Oil and Gas Sector Performance, April 2008
58
Figure 18: Western Europe, Country Standings, Oil and Gas Sector
Performance, April 2008 (Contd.) 59
Figure 19: Western Europe, Country
Standings, Exploration Blocks Awarded, April 2008 60
Figure 20: Western
Europe, Country Standings, Economic Performance, April 2008 63
Figure 21:
Western Europe, Country Standings, Socio-Political Performance, April 2008
66
Figure 22: The United Kingdom, Exploration and Production Assets
Map, April 2008 69
Figure 23: The United Kingdom, Total Crude Oil and
Natural Gas Reserves (MMBOE), 2000-2012 70
Figure 24: The United Kingdom,
Total Crude Oil Production (MMBBLs), 2000-2007 72
Figure 25: The United
Kingdom, Total Natural Gas Production (BCF), 2000-2007 73
Figure 26: The
United Kingdom, Total Number of Active Exploration Blocks, 2000-2007 79
Figure 27: Global Markets Direct Methodology 94
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