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Lloyds List: UK Continental Shelf facts

Published: Jun 21, 2007

• Supplies around 75% of UK energy needs

• Sector supports 380,000 jobs

• Industry annual spend GBP10bn ($20bn)

• Around 37bn barrels oil equivalent produced so far

• Anticipate 16bn-25bn boe remains to be produced

• Around 300 offshore fields in production

• Oil and gas production expected to be 3.1m boe per day in 2007

• Oil production expected to be 1.65m-1.7m bpd in June

• UK net gas importer, expect slight oil exporter this year

• Buzzard largest oil project brought on stream this decade

• More than 140 oil companies active in UKCS

• Top investors still oil majors BP, ExxonMobil and Shell

• Fastest-growing oil producers are Calgary-based Nexen and Oilexco and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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