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 on
8 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.