§ Mr. Campbellasked the Secretary of State for Energy what recent progress has been made in participation negotiations with companies involved in North Sea oil development.
§ Dr. J. Dickson Mabon,pursuant to his reply [Official Report, 9th March 1978], gave the following further information
I have today signed an agreement in final form with BNOC and the companies of the Hamilton Consortium, giving effect to the Government's policy of securing majority state participation in commercial petroleum fields discovered prior to the fifth round.
The Hamilton Consortium comprises:
- Hamilton Brothers Oil Company (Great Britain) Ltd.,
- Hamilton Brothers Petroleum (UK) Ltd.,
- Hamilton Brothers Exploration (UK) Ltd.,
- R.T.Z. Oil and Gas Ltd.,
- Blackfriars Oil Company Ltd.,
784 - The Trans-European Company Ltd.,
- Hamilton Brothers UK Petroleum Corporation.
- Hamilton Brothers UK Exploration Company,
- Hamilton Brothers Oil Company (1970) Sdad. Ltda.,
- Hamilton Brothers Oil Company (1971) Sdad. Ltda.
An extended summary of the agreement has been placed in the Library of the House.