About Vision 2035

Our Vision. Our Future.

Our industry is needed now more than ever. Global energy demand continues to intensify and by 2035 will have grown by 30 percent. At the same time, we all want a lower carbon energy mix.

The UK has an opportunity to be an energy world leader, balancing the use of secure and affordable domestic energy resources with an accelerating transition towards lower carbon technology. Vision 2035 offers a solution to this dual energy challenge.

Achieving Vision 2035 will ensure the industry continues to provide the secure and affordable domestic oil and gas the UK needs, while supporting the energy transition through our people, expertise and infrastructure.

It’s about extending the commercial life of the UK Continental Shelf by at least a generation and doubling supply chain business opportunities at home, across the world, and into other sectors. Altogether, this will help us deliver a gigantic £920 billion of revenues between now and 2035.

This is our vision for our future.

In 2035, our industry attracts and retains the most talented people

Talented people will be attracted to our industry because they want to be at the forefront of the low carbon economy.

From the skills that built the giant structures that have served the industry for decades to the minds crafting the new technologies that shape our basin – predictive technologies, drones and digital platforms – history shows that our people can engineer the future.

Vision 2035 underlines the UK oil and gas industry’s long-term, exciting future and how it will support highly skilled, fulfilling jobs. With 10,000 roles to emerge, from digital automation to AI, the opportunities are endless.

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In 2035, our globally recognised supply chain is anchored to the UK

Vision 2035 is our shared ambition to extend the life of the UK North Sea by at least a generation and double the supply chain opportunities at home and abroad. This means our supply chain companies can compete for a bigger share of global markets and use their technological innovation, ways of working and expertise to deliver a competitive basin for many years to come.

In 2035, our supply chain is driving the energy transition

In 2035 our supply chain enjoys a strong global footprint, adding value across the energy sector at home and abroad and driving technology to support the transition to a lower carbon economy.

Many companies working in oil and gas in the UK are also working in other forms of low carbon energy, including nuclear. Our industry has many of the skills and much of the expertise needed to develop the technology and infrastructure for a lower carbon future.

In 2035, our industry provides secure, affordable domestic energy

The UK oil and gas industry fuels the UK. It powers our lives, our homes and our businesses. Gas heats 85% of our homes and generates 40% of our electricity. Products necessary to our daily lives are made with petroleum, including toothbrushes, contact lenses and some medicines.

UK government figures show that even by 2040, oil and gas will be required for up to two thirds of our energy demand. Vision 2035 aims to ensure we meet as much as possible of this demand from domestic sources. Locally produced oil and gas has a lower carbon footprint than imports and, at the same time, delivers huge economic benefit to the UK through jobs, exports and taxes.

In 2035, our industry is at the forefront of the low carbon economy

Diversity of energy supply is therefore essential. So, while meeting as much of our country’s demand as possible from domestic sources, we will also drive the low carbon economy.

In 2035, our skills, expertise and capabilities will develop and drive the technology and infrastructure from energy integration and renewables through to hydrogen and CCUS.

The UK oil and gas industry fuels the uk, powering our lives, our homes and our businesses

  • 75%

    of UK primary energy still comes from oil and gas (2018)

  • 66%

    of UK primary energy is still likely to come from oil and gas in 2035

  • £350 Billion

    in production taxes alone paid since start of production in UKCS

  • 283,000

    jobs supported (2018)

  • 10-20 billion

    barrels of oil equivalent still to be recovered (compared with 44 bboe already produced)

  • 10,000

    new roles will be required between now and 2035 in areas such as the management of big data, robotics and artificial intelligence

  • 1 million

    barrels per day still expected in 2035

  • £10 Billion

    estimated contribution to the UK economy by the Oil & Gas Technology Centre