Written Question·Department for Energy Security and Net Zero·UIN 2142

Fossil Fuels: North Sea

Tabled: 29 July 2024

Answered: 2 September 2024

Named Day

Question

Mr Richard Holden

To ask the Secretary of State for Energy Security and Net Zero, what estimate he has made of the (a) amount of oil and gas that the North Sea will produce in each year until 2060 and (b) tax revenue generated from that oil and gas (i) directly from North

Answer

Michael Shanks

The North Sea Transition Authority publishes UK oil and gas production projections to 2050 and the OBR’s latest forecasts for oil and gas tax revenues up to 2028/29 was published in the March 2024 Economic and Fiscal Outlook. Future years will be included...

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