HC Deb 03 March 1983 vol 38 c198W
Mr. Skeet

asked the Secretary of State for Energy what action has been taken to date under the British Gas Corporation (Disposal of Offshore Oilfield Interests) Directions 1982.

Mr. Gray

As required by the directions, the British Gas Corporation has established the new subsidiaries and, on 29 November, submitted the schemes necessary for the transfer of its offshore oil interests to them. Consultations are in progress with the corporation over potential modifications to the schemes. The petroleum consultant's reports assessing the oil interests were delivered on 28 February and the corporation has also set in hand the necessary accounting work for the disposal.

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