Crude Petroleum & Natural Gas Extraction in the UK - IBISWorld Industry Market Research

Crude Petroleum & Natural Gas Extraction in the UK

Crude Petroleum & Natural Gas Extraction in the UK - IBISWorld Industry Market Research
Crude Petroleum & Natural Gas Extraction in the UK
Published Jun 30, 2015
31 pages — Published Jun 30, 2015
Price US$ 875.00  |  Buy this Report Now

About This Report


The Crude Petroleum and Natural Gas Extraction industry ramped up investment early in the five years through 2015-16 in order to soften the blow of declining output. UK oil and gas production has declined since its peak in the late 1990s as existing fields have matured and it has become even more challenging to develop new commercially viable sources. Operators have been able to ride out the uncertainty by forming partnerships to pool their resources and make their extraction more efficient. Price fluctuations have also affected industry revenue and were responsible for the sharp revenue fall in 2014-15.

Firms in this industry extract crude oil and natural gas from onshore and offshore fields. The industry also includes the extraction of oil from oil shale and oil sands, as well as covering all activities relating to developing extraction sites and extracting oil and gas. The industry excludes test drilling, oil and gas services performed on a contract basis, surveying, the manufacture of industrial gases and the operation of pipelines.

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 & Natural Gas Extraction in the UK" Jun 30, 2015. Alacra Store. Jun 24, 2018. <>
IBISWorld Industry Market Research. (2015). Crude Petroleum & Natural Gas Extraction in the UK Jun 30, 2015. New York, NY: Alacra Store. Retrieved Jun 24, 2018 from <>
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