HC Deb 11 November 1981 vol 12 c82W
Mr. Nicholas Winterton

asked the Chancellor of the Exchequer what is the current level of the United Kingdom North Sea oil revenue.

Mr. Ridley

Government revenues—comprising royalties, supplementary petroleum duty, petroleum revenue tax and corporation tax before ACT set-off—from North Sea oil and gas production for 1981–82 were estimated at the time of the Budget to be £5,880 million.