Britain remains the only European country in which a substantial, independent E&P sector has been established.
Founded at the beginning of North Sea development in 1974, BRINDEX members now collectively hold interests in some 184 offshore and 55 onshore licences. These include interests in 67 producing oil fields and 29 producing gas fields as well as 19 oil and gas fields currently under development.
Aggregate proven and probable UK reserves attributable to members at the end of 2016 amounted to 928 mmboe.
BRINDEX members have long been engaged in oil and gas activities overseas. Developments in the North Sea in recent years have added a wealth of modern technological know-how and expertise to the skill base of member companies who are increasingly using this knowledge to expand internationally.
Currently, BRINDEX members are active in 37 countries worldwide.
The combined stock market capitalisation of quoted BRINDEX members stands at some £6.2 billion (US$8.2 billion).
Worldwide proven plus probable reserves held by BRINDEX members at the end of 2016 amounted to 2,900 mmboe.