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 177 offshore and 58 onshore licences. These include interests in 57 producing oil fields and 19 producing gas fields as well as 15 oil and gas fields currently under development.
Aggregate proven and probable UK reserves attributable to members at the end of 2014 amounted to 800 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 53 countries worldwide.
The combined stock market capitalisation of quoted BRINDEX members stands at some £6.8 billion (US$10.4 billion).
Worldwide proven plus probable reserves held by BRINDEX members at the end of 2014 amounted to 3,300 mmboe.