Crude Petroleum Extraction in the UK - IBISWorld Industry Market Research

Crude Petroleum Extraction in the UK

Crude Petroleum Extraction in the UK - IBISWorld Industry Market Research
Crude Petroleum Extraction in the UK
Published Jun 05, 2013
28 pages — Published Jun 05, 2013
Price US$ 830.00  |  Buy this Report Now

About This Report


The Crude Petroleum Extraction industry has had to dig deep in order to overcome huge fluctuations in prices over the five years through 20131-14. At the same time, despite being the largest oil producer in the European Union, UK production has declined since peaking in 1999. This is due to maturing existing oil fields and ever more challenging development of new commercially viable sources. Operators have been able to ride out uncertainty by forming partnerships to pool resources and extract oil as efficiently as possible. The industry has leveraged its position as the largest producer in the European Union by engaging in substantial export trade.

Firms in this industry primarily extract crude oil from onshore and offshore fields. The industry also includes the extraction of oil from oil shale and oil sands. The industry includes all activities pertaining to oil field extraction and development of extraction sites. The category excludes test drilling, oil and gas services performed on a contract basis, and geophysical, geologic and seismic surveying.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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IBISWorld Industry Market Research. "Crude Petroleum Extraction in the UK" Jun 05, 2013. Alacra Store. Oct 25, 2016. <>
IBISWorld Industry Market Research. (2013). Crude Petroleum Extraction in the UK Jun 05, 2013. New York, NY: Alacra Store. Retrieved Oct 25, 2016 from <>
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