This statistic shows the United Kingdom's North Sea revenue from 2008/09 to 2018/19. North Sea revenue refers to revenues from petroleum revenue tax, corporation tax and licence fees from all offshore oil and gas activity on the North Sea. In 2018/19, North Sea revenue reached over 1.2 billion British pounds. North Sea has 28 planned oil projects in the development pipeline, of which 18 will begin production by 2020 and contribute 574,603 barrels of oil to North Sea daily output in that year. GlobalData states that United Kingdom will lead with new oil projects with 12 fields producing first oil by 2020.