Energy Voice | Scotland’s oil and gas sales up to £20billion, says Scot Gov report

Scottish oil and gas sales increased by 14% to £20billion in the 2017-18 financial year.

New stats from the Scottish Government show an estimated 73.7million tonnes of oil equivalent were produced in the country’s waters.

That is a 1.7% drop on the previous year, but higher oil prices boosted sales.

The sales value is up by £2.5billion from £17.5bn in 2016-17.

Scotland accounted for 81% of the overall UK total, down from 82% the previous year.

Operating expenditure on oil and gas production in Scotland increased to £6.2billion, up from £5.3billion in 2016-17.

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