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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

BW Energy pulls capex guidance as rig loss stalls Gabon drilling

Brazil’s ANP overhauls rules for assigning E&P contracts, scraps partnership review committee

Petrobras hits record 3.51 MMboed in Q3 as Búzios and Mero FPSOs ramp up

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