HC Deb 09 February 1979 vol 962 cc346-7W
Mr. Skeet

asked the Secretary of State for Energy what is the average cost per barrel of oil produced from fields which came on stream in 1975, 1976 and 1978 and from those likely to come on stream in 1979 and 1980.

Dr. Mabon

My report to Parliament in 1978—the Brown Book—gave the cost of production of oil from existing commercial fields as $3–9 a barrel in 1976 prices, with some 95 per cent. of the oil produceable at $7 a barrel or less. Work is in hand to provide updated information on costs of production in the 1979 Brown Book, including the estimates of average costs requested.

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