Total North Sea revenue in the United Kingdom (UK) from 2008/2009 to 2016/2017 (in million GBP)

The North Sea: UK total revenue from 2008 to 2017 This statistic shows the United Kingdom's North Sea revenue from 2008/2009 to 2016/2017. North Sea revenue sank significantly in 2009/2010 which may have been a result of the decrease in wholesale oil prices at a global level due to the economic recession. After recovering 2009/2010 to 2011/2012, the amount of revenue dropped again in the following years resulting in a revenue of -80 million British pounds in 2015/16. This decline is likely related to lower production, rising expenditure and, since 2014-15, lower oil prices.
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Revenue in million GBP
2008/200912,456
2009/20105,991
2010/20118,406
2011/201210,957
2012/20136,020
2013/20144,499
2014/20151,691
2015/2016-80
2016/201784
Revenue in million GBP
2008/200912,456
2009/20105,991
2010/20118,406
2011/201210,957
2012/20136,020
2013/20144,499
2014/20151,691
2015/2016-80
2016/201784

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Description Source More information
This statistic shows the United Kingdom's North Sea revenue from 2008/2009 to 2016/2017. North Sea revenue sank significantly in 2009/2010 which may have been a result of the decrease in wholesale oil prices at a global level due to the economic recession. After recovering 2009/2010 to 2011/2012, the amount of revenue dropped again in the following years resulting in a revenue of -80 million British pounds in 2015/16. This decline is likely related to lower production, rising expenditure and, since 2014-15, lower oil prices.
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Release date
August 2017
Region
United Kingdom
Survey time period
April 1, 2008 to March 31, 2017
Supplementary notes
Figures for the years 2010/11 and before were taken from earlier publications.

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