Outlook for the UKCS in 2006

New Developments

22 projects were given development approval in 2005, comprising 13 new field developments (7 liquids and 6 gas) and 9 incremental projects on existing fields (7 liquids and 2 gas).

13 new fields were brought into production in 2005, comprising 9 subsea developments and 4 new platforms. Figure 39 summarises the new field developments that operators are expected to bring on-stream in 2006 and 2007. As has been the case in recent years, they are predominantly subsea developments and located in the Southern and Central North Sea.

Figure 39: Projected UKCS Field Developments 2006-07

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Source: Wood Mackenzie