HC Deb 14 March 1991 vol 187 cc631-2W
Mr. Burns

To ask the Secretary of State for Energy what are the Government's latest forecasts of levels of United Kingdom petroleum production.

Mr. Wakeham

The latest forecasts for United Kingdom petroleum production in the years 1991 to 1995 are as follows:

Million tonnes
1991 80.100
1992 80.105
1993 80.115
1994 90.125
1995 90.125

FA 1978 schemes FA 1980 schemes FA 1984 schemes
Number of participants receiving share allocations in year Initial market value of shares appropriated Number of employees to whom options granted during year Initial value of shares over which options granted Number of employees to whom option granted during year Initial value of shares over which options granted
('000) (£ million) ('000) (£ million) ('000) (£ million)
1988–89 870 350 370 740 90 1,660
1989–90 850 380 440 990 100 1,700

As in previous years, the forecasts are presented in the form of a range of outcomes for each year. These take into account the many uncertainties involved. The figures include stabilised crude oil, natural gas liquids—NGLs—and condensates. NGL and condensate production is expected to contribute between 4 million and 10 million tonnes annually.