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Perspectives on North Sea Oil

Perspectives on North Sea Oil In the North Sea region we include the British and the Norwegian sectors between 56° and 62° north latitudes and the boundary between Norway and Denmark. The North Sea sectors of Denmark, Germany, Holland, and France are hence not included. Exploration in the UK sector of the North Sea started in 1964. In 1965 gas was found, the first hydrocarbon discovery made. The first oil discovery was made in the Norwegian sector in late 1969. From 1970 onwards the emphasis of exploration switched from gas to oil. The search for, develop­ ment, production, and government regulation of oil and gas are intimately connected. However, for the purpose of the present discussion we disregard the intricacies of gas-related activities. A very low production of oil started in the North Sea in June 1971. In July, 1978 North Sea Oil production was reported, by Petroleum Intelligence Weekly of New York, at 1,459,800 bbl/d, of which the United Kingdom accounted for 1,092,300 and Norway for 353,700 bbl/d. The North Sea is one of the most important oil regions, not dominated by OPEC, both in terms of its supply potential and its use as a laboratory for the development and testing of http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Annual Review of Environment and Resources Annual Reviews

Perspectives on North Sea Oil

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Publisher
Annual Reviews
Copyright
Copyright 1979 Annual Reviews. All rights reserved
Subject
Review Articles
ISSN
1543-5938
DOI
10.1146/annurev.eg.04.110179.000443
Publisher site
See Article on Publisher Site

Abstract

In the North Sea region we include the British and the Norwegian sectors between 56° and 62° north latitudes and the boundary between Norway and Denmark. The North Sea sectors of Denmark, Germany, Holland, and France are hence not included. Exploration in the UK sector of the North Sea started in 1964. In 1965 gas was found, the first hydrocarbon discovery made. The first oil discovery was made in the Norwegian sector in late 1969. From 1970 onwards the emphasis of exploration switched from gas to oil. The search for, develop­ ment, production, and government regulation of oil and gas are intimately connected. However, for the purpose of the present discussion we disregard the intricacies of gas-related activities. A very low production of oil started in the North Sea in June 1971. In July, 1978 North Sea Oil production was reported, by Petroleum Intelligence Weekly of New York, at 1,459,800 bbl/d, of which the United Kingdom accounted for 1,092,300 and Norway for 353,700 bbl/d. The North Sea is one of the most important oil regions, not dominated by OPEC, both in terms of its supply potential and its use as a laboratory for the development and testing of

Journal

Annual Review of Environment and Resources – Annual Reviews

Published: Nov 1, 1979

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