§ Mr. Shoreasked the Secretary of State for Energy what has been the value of the output of North sea oil in each year since 1974; and what is his estimate for 1983.
§ Mr. John MooreThe attached table shows the total value of oil—including natural gas liquids—produced from the United Kingdom continental shelf from 1974 to 1982.
Year Value of oil production £ million 1974 3 1975 58 1976 645 1977 2,226 1978 2,805 1979 5,694 1980 8,851 1981 12,341 1982 14,273 1983* 15,000 * Provisional. Given that production in 1983 is likely to be broadly similar to that in 1982, the value of production for 1983 has been obtained simply by taking the 1982 production valued at an assumed £145/tonne.