UK Oil and Gas Peaks
Global peaks in oil and natural gas production are the aggregates of the national peaks.
There are claims that there are still ample reserves in the North Sea of both oil and gas, so it is of interest to plot the respective UK's national production and consumption figures from the BP Statistical Review 2015.
From the plot "UK Oil Production and Consumption" it is evident that a national peak in oil production occurred in 1999 and that production in 2014 was just 29% of that in 1999. Crude oil consumption matched production in 2005, but since has declined by 13%. In 1999 41% of the UK's oil production was exported, while in 2014 43% of the UK's reduced oil consumption was imported.
The decline in the UK's crude oil consumption by 13% since 2005 may be because consumption was reduced by an increase in engine efficiency.
From the plot "UK Gas Production and Consumption" it is evident that a national peak in gas production occurred in 2000 and that production in 2014 was just 32% of that in 2000. Natural gas consumption was matched by production in 2004, but since has declined by 31%. In 2000 12% of the UK's natural gas production was exported, while in 2014 48% of the UK's gas consumption was imported.
In retrospect it would have been better to have restrained the UK's oil and gas production when cheap supplies of both were available. From 1999 and 2000 for oil and gas respectively, production has declined by 71% and by 68%. The UK is now dependent on expensive imports, while it could have made use of cheaper imports previously.
John Busby 27 August 2015