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North Sea: UK government revenue 2008-2021

Annual government revenues from offshore oil and gas activity on the North Sea in the United Kingdom from 2008/09 to 2020/21

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Source

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Release date

August 2021

Region

United Kingdom

Survey time period

2008 to 2021

Supplementary notes

* North Sea revenue includes revenue derived from petroleum revenue tax, corporation tax and licence fees. The source adds the following information: "North Sea revenue is subject to annual fluctuations and is driven by a number of factors, including the oil price, the sterling dollar exchange rate, production, operating expenditure, capital investment, and the prevailing fiscal regime.

Figures for the years 2010/11 and before were taken from earlier publications.

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Statistics on "The United Kingdom Continental Shelf"

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