§ Mr. ColvinTo ask the Secretary of State for Energy what was the level of capital investment in the North sea in 1989; and what are the prospects for 1990.
§ Mr. WakehamCapital investment in the production of the United Kingdom's oil and gas in 1989 was £2.6 billion (provisional), an increase of well over 20 per cent. on the level achieved in 1988. The industry has indicated that capital investment in 1990 could reach a massive £3.7 billion.