HC Deb 25 November 1974 vol 882 c7W
41. Mr. loan Evans

asked the Secretary of State for Energy if he will make an estimate of the likely financial benefit which the people of Great Britain can expect from the State participation in the North Sea and Celtic Sea oil and gas fields; and if he will make a statement.

Mr. Varley

I am confident that they will derive considerable benefit from participation. The financial benefits will depend not only on the outcome of the participation negotiations to which I have invited the companies but also on future costs and future prices.