Production of oil, natural gas, and natural gas liquids increased in the UK by 4% in 2018 to an average of 1.7 million boe/d, according to the UK Oil and Gas Authority (OGA).
Oil production alone increased 8.9% from 2017 to 1.09 million b/d, the UK’s highest rate since 2011.
Gas production fell by 2.5% to 610,000 boe/d.
In an update of a March 2015 estimate, OGA projected cumulative oil, gas, and gas liquids production during 2016-50 of 11.9 billion boe, up 3.9 billion bbl from the earlier assessment.
OGA said total oil and gas operating costs rose by 6.4% last year to £7.2 billion.
Unit operating costs rose by 2.2% to £11.6/boe.
Capital expenditure on UK oil and gas fell for the fourth straight year. OGA projects a 4% increase this year.
Decommissioning outlays jumped 9% in 2018 to £1.45 billion.
