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This document sets out the Authority’s response to the consultation on proposals to revise the Maximising Economic Recovery Strategy for the UK. This consultation ran from 6 May to 29 July 2020.

Presented to Parliament pursuant to Section 9G of the Petroleum Act 1998

Production efficiency (PE) has risen for a fifth consecutive year. In 2017 it reached 74%, driving increased production in the United Kingdom Continental Shelf (UKCS)

as at September 2024

Updated January 2024

We license, regulate and influence the UK oil, gas and carbon storage industries. We support UK energy security, drive emissions reduction from UK supplies, and help accelerate the transition to net zero to realise the potential of the North Sea as an integrated energy basin.