$1bn
Capital costs (2023)
$1.1bn
Operating costs (2023)
$379m
Staff costs (2023)
$4.4m
Royalties (2023)
$438m
Corporate income tax paid (2023)
$294m
Finance costs (2023)
Approach
Tedstone Oil supports society by responsibly producing and supplying oil and gas into local energy markets. In 2023, Tedstone Oil produced c.15 per cent of the UK’s oil and gas, contributing to energy security, and generated c.$3.9 billion of economic value through employment, payments to suppliers, tax payments to host governments and social investment.
Our operations also create value that is distributed throughout our host countries and local communities, and directly supports long-term socio-economic development.