The North Sea Transition Authority has published the 2022 UK oil and gas reserves and resources report, which finds that petroleum reserves remain at a significant level. Official government forecasts suggest that oil and gas will remain an important and critical part of our energy mix as we transition to net zero.
The full report and supporting documentation can be downloaded below:
The Reserves and Resources 2022 report can be viewed here.
Reserves and Resources charts as at September 2023 can be viewed here
Historic estimates of oil and gas reserves and contingent resources 1973 to 2022 as at the date of publication can be viewed here.
Source: NSTA
