The United Kingdom's dependence on oil and gas will increase the government's efforts to promote the development of renewable energy

According to foreign media reports last week, the UK’s Maritime Operators Association (UKOOA) pointed out in its latest annual economic report that while the UK is vigorously promoting the development of renewable energy, the United Kingdom will be responsible for oil and gas in primary energy sources in the next 10-15 years. Dependency will increase further. According to government forecasts, the share of oil and natural gas in primary energy consumption in the UK will rise from the current 74% to 85% in 2020.

In 2004, the offshore oil and gas industry in the UK spent about 4.7 billion pounds on operations, and exploration and infrastructure costs about 3.7 billion pounds. It is estimated that in 2005 it will spend 5 billion pounds in operations and exploration and infrastructure costs 4 billion pounds. the above. In 2004, the British government newly approved 27 oil and gas projects, which doubled from the previous year. At the same time, the number of exploration wells drilled reached 63, an increase of 40% over the previous year. In the first half of this year, the UK drilled 37 oil and gas wells. Since the warming of British offshore oil and gas development in 1960, the British oil and gas industry has invested 220 billion pounds in exploration and infrastructure construction.

In 2004, the direct tax paid by the British oil and gas industry exceeded £5 billion. It is expected that the taxes of the North Sea oil and gas industry will reach between £7 billion and £10 billion between 2005 and 2006.

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