Scotland's Independent Expert Commission on Oil and Gas: report
The maximising the total value added report includes recommendations designed to facilitate long term stability and predictability for the industry.
Footnotes
1. As will be determined in accordance with negotiations and principles of international law.
2. The Maximising Recovery in the UKCS Review, 24 February 2014, conducted by Sir Ian Wood on behalf of the UK Government. This report advocates for the adoption of Maximising Economic Recovery in the UKCS ( MER) as the new shared strategy to be implemented by government and industry.
3. For fuller definition see TVA and Box 3.
4. http://www.scotland.gov.uk/Publications/2013/07/5746
5. Throughout this report the term UKCS will be used to refer to the existing UK Continental Shelf. However, in the event of a Yes vote in September 2014 all references should be read as applying consistently to the Scottish portion of the existing UKCS (as determined in accordance with principles of international law) and the rUK portion of the existing UKCS.
6. Scotland Analysis: Energy: UK Government publication, 9 April 2014.
7. https://www.gov.uk/oil-and-gas-uk-field-data - From this analysis the Wood Review takes the low case outcome to be 12 Bboe and the high case to be 24 Bboe.
8. http://www.oilandgasuk.co.uk/2013-economic-report.cfm - Oil &Gas UK forecasted in 2012 and 2013 that there are between 15 and 24 billion boe to be extracted from the UKCS.
9. See Box 5.
10. For a fuller definition see Box 3.
11. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/239937/uep_2013.pdf
12. http://www.apachecorp.com/
13. Oil and Gas UK Activity Survey 2014
14. Oil and Gas UK Activity Survey 2014
15. Ibid
16. DECC: https://www.gov.uk/oil-and-gas-wells#drilling-activity
17. Ibid.
18. As above. This estimate carries an uncertainty of +/- 0.3 million boepd
19. Wood Review, p.5.
20. Tackling the asset production efficiency crisis in the North Sea, Oil and Gas Practice, McKinsey & Company, April 2014
21. Wood Review 2014
22. ibid
23. OGUK Activity Survey 2014
24. OGUK Activity Survey 2014
25. The 2010 R&D Scoreboard, Top 1,000 UK & 1,000 Global Companies by R&D Investment - Department for Business, Innovation & Skills
26. UK Upstream Supply Chain: Market Intelligence and Economic Contribution Reports, published 23 April 2014.
27. UK Upstream Supply Chain: Market Intelligence and Economic Contribution Reports, EY, 23 April 2014 (the EY Report).
28. Survey of International Activity in the Oil and Gas Sector 2012/13, Scottish Enterprise, 5 May 2014: http://www.scottish-enterprise.com/knowledge-hub/articles/insight/scottish-oil-and-gas-exports-reach-10-billion?intcmp=hp08-2014wk20
29. According to the location of registered offices of those companies included within the analysis of the EY Report.
31. http://www.regjeringen.no/upload/OED/pdf%20filer/Faktaheftet/Fakta2014OG/Facts_2014_nett.pdf
32. See reference 30.
33. Ibid
34. As discussed in more detail in Chapter 5 - Regulation: Governance and Licensing
35. Offshore Oil and Gas in the UK, G Maitland - an independent review of the regulatory regime 2011: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/48252/3875-offshore-oil-gas-uk-ind-rev.pdf
36. Offshore Oil and Gas in the UK - Government Response to an Independent Review of the Regulatory Regime, Department of Energy & Climate Change, 2012: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/84191/Offshore_Oil_and_Gas_in_the_UK_Maitland_Response_Final.pdf And the 2013 update to this response: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/265799/update_government_response_independent_review_regulatory_regime.pdf
37. European Commission, Directive 2013/30/ EU of the European Parliament and of the Council of 12 June 2013 on safety of offshore oil and gas operations and amending Directive 2004/35/ EC, http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2013:178:FULL:EN:PDF
38. EU Offshore Safety Directive Implementation and Implications for Environmental Regulation, D. Saward, DECC Energy Development Unit, 2013. http://www.oilandgasuk.co.uk/downloadabledocs/1563/2.%20Derek%20Saward,%20DECC.pdf
39. Which consists of DECC, HSE and MCA - to ensure successful implementation of Maitland Review recommendations and ensure offshore regulatory regime remains fit for purpose. This is referenced in the first Government response to Maitland.
40. Oil and Gas UK - Activity Survey 2014
41. The Convention for the Protection of the marine Environment of the North-East Atlantic (the ' OSPAR Convention') was open for signature at the Ministerial Meeting of the Oslo and Paris Commissions in Paris on 22 September 1992. The Convention has been signed and ratified by all of the Contracting Parties to the original Oslo or Paris Conventions.
42. Energy Security: A National Challenge in a Changing World, August 2009, Malcolm Wicks MP.
43. The 2010 R&D Scoreboard, Top 1,000 UK & 1,000 Global Companies by R&D Investment - Department for Business, Innovation & Skills
44. Investing in a Brighter Energy Future: Energy Research and Training Prospectus, 13 November 2013, The Research Councils UK Energy Programme: Investing in a Brighter Energy Future: Energy Research and Training Prospectus, 13 November 2013, The Research Councils UK Energy Programme
46. Ibid.
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