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Key UK oil, gas and energy statistics 2014

Posted by Esther Akers on Feb 17, 2014 10:25:00 AM


    

Indigenous UK production of crude oil and natural gas liquids droppped

oil_chart_3-1

Total indigenous UK production of crude oil and Natural Gas Liquids (NGL) in Q3 2013 was 7.0
per cent lower than the year previous. (See chart below)

Causes

  • Unplanned closure of buzzard oil field in August 2013 contributed to 1/5th drop in crude oil production
  • General decline in North Sea oil production
  • General maintenance and other production issues

Year on-year refinery production down in Q3

oil_chart_3-2

Indigenous production of petroleum products in Q3 2013 was down 3.0 per cent on the same quarter of last year although there has been a general decline over the last few years. The largest absolute changes were in gas oil, fuel oils and aviation turbine fuels, decreasing by 13 per cent, 10 per cent and 9 per cent respectively. This declines are notable as they extend beyond the general trend.

Causes

  • This is partly due to shutdowns at refineries for planned maintenance work.

Net imports of crude oil and NGLs remains high while exports decreased

Net imports of crude oil and NGLs in Q3 2012 remained high at 7.6 million tonnes, which is the third largest figure since oil production peaked in 1999. This met around 45 per cent of UK's refinery demand. 

Net exports of petroleum products decreased again in Q3 2013. In fact, levels of exports were broadly the same as imports in Q3 2013 whereas the UK was a net exporter of petroleum products in Q3 2012 by 0.3 million tonnes.

Drilling activity in the UK continental shelf fell in Q3

oil_chart_3-8

There were 10 exploration and appraisal wells started offshore in the third quarter of 2013, compared to 13 in the corresponding quarter of 2012.

There were 32 development wells drilled offshore in the third quarter of 2013, compared to 37 in the corresponding quarter of 2012. 

There were 4 exploration and appraisal well started onshore in the third quarter of 2013, compared to 1 in the corresponding quarter of 2012.

There was 1 development well drilled onshore in the third quarter of 2013, the same number as in the corresponding quarter of 2012.

Overal stocks of crude oil and petroleum up year-on-year

Overall stocks of crude oil and petroleum products were up by 9.6 per cent at end of Q3 2013 compared to a year earlier, with a large increase in crude oil stocks being partially offset by a decrease in stocks of petroleum products. 
oil_chart_3-7

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Source: UK Government, Department for Energy & Climate Change

Topics: Oil news

   

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