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The estimate for remaining UK Continental Shelf (UKCS) recoverable petroleum resources including discovered and undiscovered petroleum resources, remains at a significant level

The Authority estimate of remaining UK Continental Shelf (UKCS) recoverable petroleum resources is in the range 10 to 20 billion barrels or more of oil equivalent (boe), including discovered and undiscovered petroleum resources.

We expect licensees will ensure that business decisions throughout the licence lifecycle are informed by the optimum use of appropriate subsurface datasets and workflows.

The Authority is fully committed to supporting achievement of the UK’s net zero emissions target and is working with government and industry on the vital role that the oil and gas industry must play in the UK energy transition

Recovery factor is the overall proportion of oil expected to be extracted from the UKCS

Supplemental Guidance on the disclosure of certain Geophysical Survey Data (created or acquired under an Exploration Licence post-2017 : 27/3/2019

The purpose of this annual report is to provide an estimate of the UKCS’s remaining recoverable petroleum resources