With forecasts indicating that the United Kingdom (UK) will need billions of oil and gas barrels by 2050 amidst the ongoing economic challenges and energy market headwinds and tailwinds, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has outlined in its new report the roadmap that will enable Britain not only to meet the power demand with energy produced at home but also inject hundreds of billions into its economy by allowing oil and gas to thrive alongside low-carbon and clean alternatives in its energy toolbox.

Offshore Energies UK’s ‘ 2025 Business Outlook’ report spotlights the path the UK is being urged to take to unlock energy reserves, which could curtail its dependence on imports and boost economic growth. OEUK claims that the UK could produce at home half of the 13-15 billion barrels of oil and gas the nation is projected to need by 2050 under the right business conditions.