Oil & Gas
THE UK’S OFFSHORE OIL AND GAS INDUSTRY is one of the UK’s greatest economic successes of modern times. It has contributed £9 billion in direct taxation
to the Exchequer in the last year and supported the employment of 480,000 people.
Domestic oil and gas production provided 70 per cent of the UK’s total energy demand, avoiding imports costing £30 billion. Although the UK continental shelf is now a mature province, there are still substantial reserves of oil and gas to be found and recovered.
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