HC Deb 13 February 1976 vol 905 cc409-10W
Mr. Sproat

asked the Secretary of State for Energy what is his latest estimate of the value of the proven oil reserves in the following fields, respectively: Argyll, Auk, Josephine, Montrose, Forties, Maureen, Andrew, Claymore, Piper, Beryl, Ninian, Alwyn, Heather, Cormorant, Hutton, Brent, Dunlin, Thistle and Magnus; and what best estimate he has made of the value of oil at present prices to be extracted each year during the expected life of each individual field.

Mr. John Smith

At present prices, we estimate the value of proven reserves of oil on the United Kingdom Shelf, as given in the 1975 Brown Book, at around £50 billion. The 1976 Brown Book will include up-to-date information on production and reserves, and the Department is consulting United Kingdom operators about expanding the information which will be published in it about the individual fields.

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