Offshore Industry

(asked on 25th March 2025) - View Source

Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government what assessment they have made of the finding in the report published on 25 March by Offshore Energies UK, Business Outlook Report 2025, that by 2050 the UK could produce half of its projected demand for oil and gas.


Answered by
Lord Hunt of Kings Heath Portrait
Lord Hunt of Kings Heath
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 8th April 2025

On its website, the North Sea Transition Authority publishes projections on oil and gas production and demand, and reports on remaining reserves and resources.

The offshore basin is mature. The most accessible hydrocarbons have already been extracted. Future licences would not meaningfully increase production, nor change our status as a net importer of oil and gas. Nevertheless, oil and gas will be with us for decades, and the Government will continue to support existing fields.

Our priority is to deliver a fair, orderly and prosperous transition to clean energy industries, driving towards energy security, lower bills, and good, long-term jobs.

Reticulating Splines