UK could supply half of oil and gas needs without imports, OEUK report says

A recent report from the oil and gas consultancy OEUK has argued that the United Kingdom could meet roughly half of its domestic oil and gas demand without relying on imports, provided the government increases its support for the sector. The analysis, which draws on production forecasts and supply chain assessments, suggests that current policy gaps and regulatory hurdles are limiting the development of domestic resources that could otherwise fill the gap.

OEUK’s findings point to a need for clearer permitting processes, more investment incentives, and a streamlined approach to offshore drilling and onshore exploration. The report also highlights the potential economic benefits of reducing import dependence, including job creation and a more resilient energy supply chain. It calls for a coordinated strategy that balances environmental concerns with the practicalities of expanding production to meet national demand.

If the government were to adopt the recommendations, the UK could reduce its vulnerability to global supply disruptions and strengthen its position as a net energy producer. The report underscores the importance of policy clarity and targeted investment to unlock the country’s untapped oil and gas potential.