The text on this page has been created from Hansard archive content, it may contain typographical errors.
Mr. Colvin
To 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. Wakeham
Capital 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.