HC Deb 13 November 1974 vol 881 cc159-60W
Mr. Skeet

asked the Secretary of State for Energy what rate of return on capital invested the State aims to secure from investment on the Continental Shelf.

Mr. John Smith

We expect a good rate of return from this investment. The precise rate to be achieved depends upon many factors which cannot be forecast with certainty.

Mr. Skeet

asked the Secretary of State for Energy what proportion of total United Kingdom proved reserves of oil in the North Sea is held by the British Gas Corporation, the National Coal Board and the British Petroleum Company Limited.

Mr. John Smith

It is not the practice to reveal information about reserves given to the Department in confidence by the companies.

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