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British National Oil Corporation

Volume 940: debated on Friday 2 December 1977

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asked the Secretary of State for Energy if he will indicate the number of times during the past 12 months he has invited the British National Oil Corporation to give him advice under Section 3(3) of the Petroleum and Submarine Pipe-lines Act 1975.

BNOC has tendered advice to me on many occasions over the last year.

asked the Secretary of State for Energy how much petroleum he estimates the British National Oil Corporation will have available for disposal for each year up to 1985 including royalty accepted in kind.

In the early 1980s BNOC could have access to around 25 million tonnes of United Kingdom Continental Shelf (UKCS) crude oil each year from its equity share holdings in fields and through the exercise of participation options. In addition, the agreement with BP will give the Corporation access to substantial amounts of non-UKCS crude, and royalty taken in kind could be put at BNOC's disposal, increasing BNOC's total access to around 40–50 million tonnes each year.