Annual government revenues from offshore oil and gas activity on the North Sea in the United Kingdom (UK) from 2008/09 to 2017/18* (in million GBP)

North Sea: UK government revenue 2008-2018 This statistic shows the United Kingdom's North Sea revenue from 2008/09 to 2017/18. North Sea revenue refers to revenues from petroleum revenue tax, corporation tax and licence fees from all offshore oil and gas activity on the North Sea. In 2017/18, North Sea revenue reached 1.2 billion British pounds.
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Revenue in million GBP
2017/181,932
2016/1736
2015/16-85
2014/151,691
2013/144,499
2012/136,020
2011/1210,957
2010/118,406
2009/105,991
2008/0912,456
Revenue in million GBP
2017/181,932
2016/1736
2015/16-85
2014/151,691
2013/144,499
2012/136,020
2011/1210,957
2010/118,406
2009/105,991
2008/0912,456
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Description Source More information
This statistic shows the United Kingdom's North Sea revenue from 2008/09 to 2017/18. North Sea revenue refers to revenues from petroleum revenue tax, corporation tax and licence fees from all offshore oil and gas activity on the North Sea. In 2017/18, North Sea revenue reached 1.2 billion British pounds.
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Release date
August 2018
Region
United Kingdom
Survey time period
April 1, 2008 to March 31, 2018
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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