Long-term oil production and demand outlook in the UK 2022-2040

Published by Jessica Aizarani, Jan 31, 2023
The United Kingdom is forecast to produce some 37.3 million metric tons of crude oil in 2022. By 2040, this figure is expected to fall to 12.6 million metric tons. According to the BEIS reference scenario, that year could see oil products' demand reach 59.9 million metric tons of oil equivalent, which would be nearly five times the projected output volume.

Forecast crude oil production and oil products demand in the United Kingdom (UK) from 2022 to 2040 (in million tons of oil equivalent)

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Release date

2022

Region

United Kingdom

Survey time period

2022

Supplementary notes

* Demand forecasts follow the BEIS reference scenario.

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Statistics on " The United Kingdom Continental Shelf "

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Statistics on The United Kingdom Continental Shelf

Overview

8

Production

8

Decomissioning

4

Enterprises and employment

6

Further related statistics

16

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