![]() |
BRINDEX, The Association of British Independent Oil Exploration Companies seeks to
promote the role played by British independent exploration and production (E&P) companies
in maintaining a powerful and effective UK based oil and gas industry.
Welcome
BRINDEX aims to demonstrate and promote the vital contribution British E&P companies make throughout the industry and towards the local economy by increasing awareness of the independents' achievements in developing oil and gas reserves on the UK Continental Shelf (UKCS) and, increasingly, elsewhere in the world.
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 166 offshore and 3 onshore licences. These include interests in 21 producing oil fields and 20 producing gas fields as well as 17 oil and gas fields currently under development. Aggregate proven and probable UKCS reserves attributable to members at the end of 2010 amounted to 250 million barrels of oil and 0.25 trillion cubic feet of gas.
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 51 countries worldwide.
The combined stock market capitalisation of quoted BRINDEX members stands at some £23 billion (US$36.3 billion). Worldwide proven plus probable reserves held by BRINDEX members at the end of 2010 were 1.1 billion barrels of oil and 2.2 trillion cubic feet of gas.