HC Deb 02 August 1971 vol 822 c219W
73. Dr. Trafford

asked the Secretary of State for Trade and Industry what percentage of the oil requirements of the United Kingdom will be obtainable from the North Sea or other British off-shore sources in 1975 and 1980; and if he will make a statement.

Mr. Ridley

It is too early to give firm forecasts. On present knowledge, there are reasonable prospects that reserves equal to about one-fifth of our requirements might be available from the United Kingdom Continental Shelf in 1975 or shortly thereafter. This proportion could be more than doubled by the end of the decade.