§ 52. Mr. Wolrige-Gordon
asked the Secretary of State for Trade and Industry what is his latest assessment of the investment spent on the North Sea oil fields.
§ Mr. Anthony Grant
Companies are not required to report their investment expenditure, but so far 47 wells have been drilled by United Kingdom licensees in the northern basin of the North Sea. Such wells may cost between £500,000 and £2 million each.