This paper reviews United Kingdom Continental Shelf (UKCS) field developments to date for technical features, development timescales and economics. Current UKCS field development trends are identified, including use of subsea completions and floating production platforms for development of small deep-water fields.

Economic comparisons are presented for a range of field developments under existing UK tax and fiscal regimes. The effects of unstable oil prices on rates of return are discussed, together with the effect of tax changes on field economics.

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