To maximise economic recovery from the UK Continental Shelf it is generally agreed that assets should be in the hands of those investors who are best willing and able to achieve this. Transactions in mature fields in the UKCS should therefore not be discouraged by the tax system. This study...

This study employs financial simulation modelling, including use of the Monte Carlo technique, to project oil and gas activity levels in the UK Continental Shelf to 2050 with an oil price scenario gradually rising from 2019 onwards to reach $100 per barrel in real terms in 2050. The Monte Carlo...

Using financial simulation modelling, including the Monte Carlo technique, this study makes projections of long term activity in the UK Continental Shelf under "lower for longer" oil and gas price scenarios. These were (1) $50 per barrel, and 40 pence per therm, and (2) $60 and 50 pence, all in...