The United Kingdom produced ******* barrels of oil per day in 2024. Oil production has been on a continuous downward trend since 2019 when it amounted to over *** million barrels per day.

Key information about United Kingdom Crude Oil: Production

• United Kingdom Crude Oil: Production was reported at 578.831 Barrel/Day th in Dec 2024
• This records a decrease from the previous number of 645.370 Barrel/Day th for Dec 2023
• UK Crude Oil: Production data is updated yearly, averaging 1,851.133 Barrel/Day th from Dec 1960 to 2024, with 65 observations
• The data reached an all-time high of 2,649.389 Barrel/Day th in 1999 and a record low of 1.583 Barrel/Day th in 1972
• UK Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

Crude Oil Production in the United Kingdom increased to 649 BBL/D/1K in July from 563 BBL/D/1K in June of 2025. This dataset provides the latest reported value for - United Kingdom Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumption of oil in the United Kingdom has seen an overall decline during the displayed period, falling to **** million barrels per day by 2024. Most oil consumption in the UK is used for transport, especially road transport. However, demand is expected to decline in the following decades. In comparison, the consumption by the aviation sector is set to increase. Imports higher than production Since 2010, the UK’s crude oil production has mostly been in decline, despite recording increases in 2015 and 2016. Production had fallen to nearly ******* barrels per day by 2023. Projections for production show a gradual decrease to an estimated **** million metric tons of oil equivalent by 2050. Demand is set to be nearly *********** the amount of indigenous production. Oil reserves in decline Along with Norway, the UK holds the greatest oil reserves in the North Sea. However, these have been in decline for decades. Between the end of 1995 and the end of 2023, proved reserves fell from over **** billion barrels to *** billion barrels.

Since the turn of the century, the production of oil in the European Union has seen a significant decline. In 2000, approximately *** thousand barrels per day were produced, but by 2019 this had fallen to *** thousand barrels per day. Until here, the United Kingdom was the EU’s main oil producing country, followed by Denmark and Italy. Whilst these nations produce significantly less than the UK, all pale in comparison to the oil production of countries such as the United States and Saudi Arabia. In 2023, the EU oil production, excluding the UK, amounted to *** thousand barrels per day. Oil reserves in decline Much like production, the oil reserves of EU nations have also been in decline. As the North sea’s resources deplete, the UK has seen reserves drop from *** billion barrels worth in 2010 to *** billion barrels by 2020. In comparison, oil reserves in Russia amounted to ***** billion barrels in 2020. Oil consumption highest in Germany Of all European Union nations, Germany had the highest level of oil consumption in 2024, at **** million barrels per day. This was followed by France and the United Kingdom, with consumptions of approximately *** and *** million barrels per day, respectively.

The United States is the main supplier of crude oil and natural gas liquids for the United Kingdom. In 2024, some 16.2 million metric tons of crude oil were imported from the U.S. Libya and Nigeria rounded out the top four origin countries. In 2024, crude oil and NGL imports in the UK totaled around 41.9 million metric tons. Leading export destinations As an exporter, the UK sold more crude oil to the Netherlands than any other country. In 2024, exports to the Benelux country stood at more than 11 million metric tons. This figure also includes crude oil volumes meant for transshipment or in transit to other destinations, like Belgium and Germany. Production of crude oil at home In 2024, the crude oil production in the UK amounted to 653,000 barrels per day. This was a decrease compared to the previous year and the lowest production volume since the country discovered offshore reservoirs. The UK has begun decommissioning many of its North Sea oil platforms and will continue doing so in the coming years. By 2030, the projected UK oil production is set to fall to some 21.1 million metric tons of oil equivalent.

UK oil and natural gas production is on long-term decline as old oil and gas fields in the North Sea mature and near the end of their life cycle. Oil and gas extracting companies reaped the rewards of an upsurge in global prices through 2022-23, leading to sharp revenue growth. However, this quickly turned around in 2023-24, with most major companies’ revenue nosediving along with oil prices as oil and gas from America flooded the market, slightly outpacing demand. Still, revenue is expected to expand at a compound annual rate of 5.1% over the five years through 2025-26 to £23 billion, owing primarily to the significant price hikes of 2021-22 and 2022-23. This includes a forecast dip of 4.3% in 2025-26, owing to oil and gas prices edging down. Profit is also slated to fall over the year. Global oil and gas prices greatly affect the industry's performance, with the Organisation of the Petroleum Exporting Countries (OPEC) putting supply cuts in place and global tensions resulting in price peaks and troughs. In October 2022, OPEC instituted a supply cut of two million barrels of crude oil per day, driving Brent Crude Oil prices up to US$110 (£87.80) per barrel, which was extended until March 2025. At the same time, the sanctions on Russian oil and gas imports because of the Russia-Ukraine conflict add further impetus to prices. The EU has banned imports of Russian-made oil and gas, providing opportunities for UK exporters. Crude oil prices remain high, but significant oil production from non-OPEC countries has made oil prices plummet since July 2024. Despite mounting tensions in the Middle East having the potential to cut oil supply from the region, the ongoing political tensions have yet to significantly impact global prices, with prices falling by 15.8% in the year to August 2025. Oil and gas prices are likely to continue inching downwards in the coming years. The UK government has implemented policies to create a more favourable environment for extractors in the North Sea to improve UK energy security. However, the depletion of natural resources, the high cost of extraction, low gas and oil prices and the global energy transition will threaten the industry's long-term viability. Revenue is forecast to climb at a compound annual rate of 2% over the five years through 2030-31 to £25.4 billion, supported by two new major oil and gas fields, Jackdaw and Rosebank.

BP produced **** million barrels of oil per day in 2024. This represented one of the lowest production volumes in the period of consideration and was largely the result of divesting of Rosneft shares from 2022 onward. North America has been the company's largest producing region since 2021 accounting for ******* barrels of daily output in 2024. BP is a multinational company headquartered in the United Kingdom and active in all areas of the oil and gas supply chain, including power generation. Its subsidiaries are active on all continents apart from Antarctica. BP's natural gas production stood at *** billion cubic feet per day in 2024. Reserves and production overview Despite maintaining significant oil reserves, BP's production levels have seen notable changes. The company held proved liquids reserves of approximately *** billion barrels in 2024, a substantial decrease from the ** billion barrels reported in 2021 - before its Rosneft divestment. This reduction in reserves coincides with a fall in daily liquids production to around *** million barrels. In the natural gas sector, BP maintained reserves of **** billion cubic feet in 2024, while its daily production stood at *** billion cubic feet. Financial performance amid lower refining margins BP's upstream business segment generated revenues of **** billion U.S. dollars in 2024, showing a decrease from the previous year. The downstream business segment remained a significant revenue generator, bringing in ***** billion U.S. dollars in 2024. However, operational changes were evident in the refinery sector, with lower refining margins resulting in BP reporting the lowest throughput figure in recent years.

As a result of crude oil price crash followed by the economic crisis sparked by Covid-19, crude oil demand has plummeted due to restricted mobility as lockdown measures were implemented. Operators were swift to readjust their capital and production guidance for the year of 2020. From a list of 17 operators, the total capital expenditure cut sums up to approximately US$ 38 billion, with Exxon leading the cut with US$ 10 billion followed by Chevron with US$ 6 billion. However, Occidental Petroleum has the biggest percentage cut of 55%. The withdrawal of investments in development plan in US Lower 48 states has led to a decline in production in 2020. The oil production cuts intensified during Q2 2020 with Permian Basin experienced the biggest decline in crude oil, summing up to approximate 1 million barrels a day (mmbd). As for the natural gas decline, Permian and Eagle Ford contribute to approximately 3.5 billion cubic feet per day (bcfd) and 1 bcfd as a result of oil well production curtailment. Read More

Crude oil production in the United States is expected to amount to 28.26 quadrillion British thermal units in 2025. Despite many governments intensifying searches for renewable alternatives to fossil fuel energy production, production is forecast to increase until at least 2027. One standard barrel of crude oil contains about 5.8 million British thermal units. U.S. oil production gains in the past decade Thanks to hydraulic fracturing, the United States has been able to position itself as the largest oil producer worldwide. Fracking allows them to extract oil from permeable rock formations, such as shale or tight sandstone. This type of oil is referred to as tight oil or unconventional oil. In the U.S., most shale formations are located in Texas and North Dakota. Since the rapid expansion of fracking, these states have become two of the country’s largest producers of crude oil. The largest oil producing region is the Permian basin in Texas and New Mexico. Most productive oil basins Also, as of May 2025, the Permian basin ranked as the third-largest producer basin of new-well oil, generating slightly over 1,500 barrels per day per rig. The Bakken basin was the largest new-well oil producer that month, with nearly 1,800 barrels per day per rig. New-well oil refers to initial crude oil output from recently drilled and completed wells, a key metric in the oil and gas industry used to assess early well productivity.

The BP Statistical review of World Energy provides an interactive energy charting tool, with data back to 1965, and a conversion calculator. The 2006 Review includes data through the year 2005 including: - Oil production: Global oil output rose by 900,000 barrels per day in 2005 - Natural gas production: Gas production rose by 2.5%, despite declines in some regions - Coal production: China had 80% of the growth in the world's fastest growing fuel

Globally, during the outlook period 2020-2024, a total of 316 key crude and natural gas offshore projects are expected to start operations in 46 countries. Among these, 131 represent the number of planned offshore projects with identified development plans (post-FID) and 185 represent the number of early-stage announced offshore projects that are undergoing conceptual studies and that are yet to be approved for development (pre-FID). The key offshore projects across the globe are expected to contribute about 26.6 million barrels of oil per day (mmbd) of global crude and condensate production and about 133.2 billion cubic feet per day (bcfd) of global gas production in 2024. Read More

BP held proved liquids reserves of roughly *** billion barrels in 2024. This was a drastic decrease compared to the ten billion barrels reported in 2021 and compared to a daily liquids production of some *** million barrels. BP is a globally operating oil and gas company and one of the largest publicly traded companies within the industry. It is headquartered in London, United Kingdom.

Painted Pony Petroleum Ltd. (Painted Pony) signed a letter of intent to acquire a 9.4 net section block (6,018 net acres) of land and approximately 45 barrels per day (bbl/d) of Bakken oil production, located in Flat Lake, Saskatchewan, for a purchase consideration of CAD7.7m ($7.91m). The letter of intent is subject to a number of standard conditions and the transaction is expected to close in early April 2011. The transaction implies deal values of $175,777.78 per boe of daily production and $1,314.39 per acre of land. Read More

The National Iranian Oil Company (NIOC), on behalf of government, is undertaking the construction of an oil field project in Persian Gulf, Iran.The project involves the construction of offshore oil production platform with a capacity of 65,000 barrels of crude oil per day. It will be executed in phases. The project includes the construction of offshore platform facilities, a transmission station, a substation, gas lifting and export facilities, platforms and water treatment facility, dredging and reclamation works, drilling of oil wells, the drilling of two appraisal wells and three new production wells, and the installation of safety systems and the laying of pipelines.In 2002, Petroiran Development Company was appointed as the main contractor for the development of the fields. The oil field development contracts were awarded to Saudi Arabian Oil Co and McDermott International, Inc. The contract covers development in Saudi section of the oilfield.Saipem Triune Engineering Pvt. Ltd has been awarded as EPC contractor for the first phase.Iranian Offshore Engineering and Construction Co. (IOEC) is undertaking the construction of LQA and FZA platforms, a gas pressure booster station, and subsea pipelines. Siemens AG has been appointed as supply contractor by NIOC. Under the scope of the contract, Siemens will supply two of its SGT400 (Cyclone) model gas turbines for the project.Siemens awarded a supply contract to CiTECH for two CiBAS C45 model Waste Heat Recovery Units (WHRU) to provide heat to the on-board gas processing system of the project.Construction work on the offshore platform is underway. The entire project is expected to complete by the end of 2018. Read More

A joint venture of Chevron North Sea Ltd; Equinor UK Ltd (formerly Statoil (U.K.) Ltd); Siccar Point Energy E&P Ltd (SP) (formerly OMV (U.K.) Ltd) and DONG Exploration & Production (UK) Ltd is undertaking the Rosebank Oil and Gas Field Development in the Shetland Islands, the UK.The project involves the development of an offshore oil and gas field with an initial production capacity of 75,000 barrels of crude oil per day (BPD) and 100,000 million cubic feet of gas per day (2,832m3/day).It includes the construction of a Floating Production, Storage and Offloading (FPSO) with a crude oil storage capacity of 100,000 million BPD, subsea infrastructure, drilling of production and water injection wells and construction of related infrastructure facilities, installation of semi-submersible drilling rig and laying of export natural gas pipeline.The project is planned in three phases. Seven water injector wells will be drilled in the first phase. Six oil producers drilled with one or two water injectors in the second phase. One or two gas production wells will be developed in the third phase. Seabird Exploration carried out ocean bottom node surveys over the field in two stages in 2010 and 2011. The surveys were required for reservoir imaging and characterization.Metocean Services International was appointed to carry out a deep-water current measurement programme for the field. The data is required for the design, construction, and installation of the production facilities at the field.In 2011, Chevron completed the field development plan.WorleyParsons carried out the pre-FEED for the FPSO. In July 2012, WorleyParsons was awarded the contract for FEED study along with IntecSea.In November 2012, Wood Group Kenny was awarded the Gas Export Pipeline Front End Engineering Design (FEED) contract. In April 2013, Hyundai Heavy Industries (HHI) was awarded US$1,900 million engineering, procurement, and construction (EPC) contract to build the FPSO. In July 2013, OneSubsea UK Ltd was awarded a subsea equipment vendor contract.In August 2015, Bluewater Energy Services B.V. was appointed as engineering, procurement, construction and integration (EPCI) contract by Hyundai Heavy Industries (HHI) for Turret and Mooring System supply for the FPSO. However, the contract is terminated as HHI's contract terminated.On December 14, 2016, Chevron cancelled US$1,900 million EPC contract with Hyundai Heavy Industries (HHI) for FPSO vessel, due to financial issues.FEED activities are underway and Chevron is expected to re-issue tender for the FPSO vessel later in 2018. The final investment decision (FID) is expected to be made in 2019. Read More

This report is a contribution to the Strategic Environmental Assessment (SEA3) conducted by the Department of Trade and Industry (now Department of Energy and Climate Change) and is an addendum to "SEA2 Technical report 008 - North Sea Geology, covering subsurface geology, sea-bed sediments, sediment mobility and seismicity." by same authors. The geology of the North Sea from the Palaeozoic era to the present day is reviewed, with reference to petroleum geology. Geological factors affect the environmental consequences of oil and gas exploitation in many different ways. For example, in the case of the Ekofisk oilfield in the Norwegian sector of the North Sea, oil production led to seafloor subsidence of a few metres due to its chalk reservoir, but production-related subsidence on this scale is atypical. The evolution of the geomorphology and composition of the shallow and seabed sediments is discussed. The distribution of mud, sand, gravel and hard substrates influence the nature of the benthos and can affect the way in which contaminants are accumulated and transported. Shallow seabed sediments support the foundations of structures ranging from platforms to pipelines. Hydrogeological conditions and the risk of pollution to aquifers are also reviewed.

Ecuador’s total production peaks in 2022, increasing from 483 thousand barrels of oil equivalent (mboed) in 2020 to 527 mboed before declining 3.6% by 2025 to 508 mboed. Production stems mainly from onshore projects in the Oriente Basin and is driven by conventional oil and heavy oil fields. Conventional oil fields accounted for approximately 77% of crude oil and condensate production in 2020 where production decreases 4% from 393 thousand barrels per day (mbd) in 2022 to 376 mbd in 2025. Heavy oil projects help mitigate the country’s liquids decline, responsible for the crude oil growth seen in Ecuador in 2024, increasing 20% over 2020 to 135 mbd in 2024. Read More