§ Mr. Sproatasked 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 410W during the expected life of each individual field.
§ Mr. John SmithAt 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.