The Association of British Independent 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.
By increasing awareness of the independents' achievements in developing oil and gas reserves on the UK Continental Shelf (UKCS), at UK onshore locations and overseas, BRINDEX aims to demonstrate our vital contribution to both the industry and the local economy.
Britain remains the only European country in which a substantial, independent E&P sector has been established.
BRINDEX members are active in 21 countries worldwide.
BRINDEX members now collectively hold interests in some 408 offshore and 47 onshore licences. These include interests in 93 producing oil fields and 42 producing gas fields.
BRINDEX members currently hold interests in 38 producing oil and gas fields.
Aggregate proven and probable UK reserves attributable to members at the end of 2019 amounted to 2,259 mmboe.
Worldwide proven plus probable reserves held by BRINDEX members at the end of 2019 amounted to 1,482 mmboe.
The combined market capitalisation of quoted Members stands at some £6.4 billion (US$8.6 billion). In addition the value of unquoted Members of BRINDEX is estimated to be in excess of an additional £5 billion (US$6.7 billion).
policy and taxation
Within the UK, independent companies have an increasingly important role to play as the province continues to mature