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North Sea Oil And Gas

Volume 867: debated on Tuesday 15 January 1974

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asked the Minister for Energy what is the total investment value of North Sea gas and oil exploration; and how much of this is British and foreign investment, respectively.

The companies estimate that up to the end of 1973 they have spent about £1,000 million on exploration and development on the United Kingdom Continental Shelf. A breakdown of this figure between British and foreign investment is not available.