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North Sea recoverable oil and gas resources rise 31% after last licensing round, new report shows

North Sea recoverable oil and gas resources rise 31% after last licensing round, new report shows

by Offshore Reporter | Oct 19, 2025 | Offshore

The UK’s remaining proven and probable oil and gas reserves were estimated at 2.9 billion barrels of oil equivalent (boe) at the end of 2024, according to the latest Reserves and Resources Report published by the North Sea Transition Authority (NSTA).

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North Sea recoverable oil and gas resources rise 31% after last licensing round, new report shows

Latest News

UK weighs early end to North Sea windfall tax amid talks with oil and gas producers

Guyana president to open OTC 2026 in Houston as offshore investment surges

Saipem drillship acquisition canceled as Deep Value Driller sells unit to third party

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