HC Deb 03 August 1978 vol 955 c546W
Mr. Skeet

asked the Secretary of State for Energy whether the effect of inflation and the high costs of technology affecting plant and equipment in the North Sea is having a serious impact on Government oil revenue receipts.

Mr. Joel Barnett

I have been asked to reply.

These factors, among others, are taken into account in the Government's estimates of North Sea oil revenue.