OGA’s 2020 UKCS Stewardship Survey Shows Positive UKCS Performance

Source: www.gulfoilandgas.com 6/7/2021, Location: Europe

The OGA’s 2020 UKCS Stewardship Survey closed on the 26th of February with 78 operators contributing to 9 industry themes and over 3,880 data sections. Data from the survey shows that performance in the UKCS has remained positive with some improvements from the previous year.

Carbon Dioxide Emissions
Carbon dioxide (CO2) emissions from offshore installations and terminals in the UKCS decreased by 10%*. This decrease in volumes of carbon dioxide emitted though related to a decline in production, was significantly driven by emissions reduction by operators. The resulting carbon dioxide intensity* of offshore production fell from 21.2 kgCO2/boe in 2019 to 20.2 kgCO2/boe in 2020.

Similarly, total flaring fell by over 20% compared to 2019. While some percentage of this drop in flaring is correlated to production, a significant number of operators reduced their total annual flare, sustaining the decrease throughout 2020.

Resources & Energy Transition
Recent discoveries in the UKCS particularly in the Central North Sea have been high in volume, indicating the quality that the basin still offers and highlighting the need for energy transition-conscious exploration. Data from the 2020 UK Stewardship Survey shows the basin contains 3.6 Bboe in contingent resources, of which 1.9 Bboe are in existing fields and 1.7 Bboe in new developments.


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