Gregory Campbell – 2016 Parliamentary Question to the Department for Energy and Climate Change
The below Parliamentary question was asked by Gregory Campbell on 2016-01-25.
To ask the Secretary of State for Energy and Climate Change, what estimate she has made of the level of investment in UK oil and gas production until May 2020.
Andrea Leadsom
The latest published projections of development capital expenditure by the UK upstream oil and gas industry are those in Supplementary Table 2.1 to the Office for Budget Responsibility’s June 2015 Fiscal Sustainability Report:
http://budgetresponsibility.org.uk/fsr/fiscal-sustainability-report-june-2015/.
This had annual investment (in £ billion) at the following levels:
|
2016 |
2017 |
2018 |
2019 |
2020 |
|
8.3 |
6.6 |
5.9 |
4.9 |
4.2 |
Updated projections informed by recently-received information from operators should be published alongside the Economic and Fiscal Outlook which will accompany the forthcoming Budget.
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