Main Report

Index

Foreword

Contribution to the Economy

• Oil and Gas Production
• Capital Investment, Expenditure & Gross Value Added
• Tax revenues
• Balance of Trade
• Contribution to Employment

Providing for the UK´s Energy Needs

• Primary Energy Demand
• Electricity Generation
• Security of Energy Supply

Oil & Gas Markets

• Oil Prices
• UK Gas Market and Prices

Outlook for the UKCS in 2007

• UKCS Oil & Gas Production
• Oil Production
• Gas Production
• UKCS Expenditure
• Capital Expenditure
• Operating Costs
• Unit Technical Costs
• UKCS Drilling
• Rig Market
• New Developments
• UKCS Players and Commercial Activity

Industry Perspectives

• Stewardship of the UK´s Oil and Gas Resources
• International Competitiveness - Fiscal and Regulatory Environment
• UKCS Rate of Return
• Meeting the Decommissioning Challenge
• UKCS Contribution to Delivering Environmental Targets
• Carbon Capture and Storage and Enhanced Oil Recovery

Appendix

A. UKCS Fiscal Regime
B. Recent Initiatives to Promote the UKCS
C. Glossary of Terms and Abbreviations