History of north sea oil
1971 In July, Shell discovered the Brent oil field in the East Shetland Basin. 1977 In July, British Petroleum made a significant discovery at Clair in very deep water in the West Shetland Basin. The southern North Sea gasfields were in relatively shallow water and as previously noted the technology for their development was already available. North Sea oil begins to flow – archive, 1975 3 November 1975 The Forties Field, inaugurated by the Queen today, is the largest oilfield so far discovered in the British sector of the North Sea The Official History of North Sea Oil and Gas will be of interest to students of North Sea oil and gas, energy economics, business history, and British politics, as well as to petroleum professionals and policymakers. Alex Kemp is Professor of Petroleum Economics and Director, Aberdeen Centre for Research in Energy Economics In the late 1950s, very few people believed that the Norwegian continental shelf (NCS) might conceal rich oil and gas deposits. However, the discovery of gas at Groningen in the Netherlands in 1959 caused people to revise their thinking on the petroleum potential of the North Sea. The first fields to be developed were in the North Sea, and the industry has gradually expanded northwards into the Norwegian Sea and the Barents Sea. At the end of the 1950s, very few people believed that there were rich oil and gas deposits to be discovered on the Norwegian continental shelf.
By 1969, with cheaper seismic ships and a billion barrel oil field in Norwegian waters, UK exploration activity shifted to the central and northern North Sea. The UK
On 6th March 1967, the first North Sea natural gas, from the West Sole Field, was brought ashore at the Easington Gas Terminal in Yorkshire. Discoveries of oil grew in number as more companies, British, European and American, took out leases on sectors of the North Sea. By the mid-1980s there were over one hundred installations. Through extraordinary technological innovation and human effort – and sacrifice – millions of barrels were being produced every day. Some 40 billion barrels of oil equivalent were milked from the North Sea between the 1960s and the opening decades of the 21st century. The oil majors were awash with cash – and grossly inefficient in how they spent it. Efficiency is measured in unit operating costs, which means total costs divided by the barrels of oil equivalent produced. North Sea oil begins to flow – archive, 1975 3 November 1975 The Forties Field, inaugurated by the Queen today, is the largest oilfield so far discovered in the British sector of the North Sea
18 Jan 2018 HM Treasury hopes to attract new entrants to the North Sea with a transferable tax history mechanism for deals that complete on or after 1
The history and future of North Sea oil an environmental perspective. By F. G. Larminie. British Petroleum Co. pic, Britannic House, Moor Lane, London EC2Y
HISTORY OF NORTH SEA OIL
the mid-1960s when North Sea oil and gas exploration and production began. marked another major milestone in BP's long history in this region with first oil 7 Jan 2020 Sky's Ian King explains how smaller players in the oil industry are providing a future for North Sea fields. 16 Sep 2019 Since the 1970s, the North Sea oil and gas industry has created and sustained thousands of jobs, contributed billions of pounds in tax 19 Jul 2019 After decades of supplying Europe with energy, the 24,000-tonne topside of the Brent Delta oil and gas platform came in from the North Sea. It has sometimes been argued that the UK is better off for North Sea oil and for this reason will need to economic history of natural resources will not find this. The history of oil is a story of breaking barriers—and world records. It is by far the largest ever gas find in the North Sea, and is also one of the world's largest
10 Jun 2015 Now, however, the North Sea oil basin is teetering on the brink of terminal Oil production in the North Sea has a long history, stretching right
History[edit] 19 May 2017 The history of the North Sea Oil & Gas industry. The Past 1964. UK Continental Shelf Act The UK Continental Shelf is the region of waters in 12 Jun 2006 The Project: Brief History of the UK North Sea Oil and Gas Industry. Long dismissed by many as a potential source of oil or gas, the North Sea 3 Nov 2017 3 November 1975 The Forties Field, inaugurated by the Queen today, is the largest oilfield so far discovered in the British sector of the North
By 1969, with cheaper seismic ships and a billion barrel oil field in Norwegian waters, UK exploration activity shifted to the central and northern North Sea. The UK 28 Mar 2014 Preface. 1. Initial Legislation and Licensing. 2. The Early North Sea Boundary Issues. 3. What Role for the State? 4. The First Gas Contracts. 5. North Sea oil and gas. The Continental Shelf Act. Britain was now forced to press ahead with alternative sources of energy. In the early 1960s, it was