North Sea oil depletion policy minutes of evidence, Wednesday 15 July 1981 : Lord Balogh. by Great Britain. Parliament. House of Commons. Select Committee on Energy.

Cover of: North Sea oil depletion policy | Great Britain. Parliament. House of Commons. Select Committee on Energy.

Published by H.M.S.O. in London .

Written in English

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Edition Notes

Book details

Series1980-81 H.C.321-iv
The Physical Object
PaginationP.155-180. ;
Number of Pages180
ID Numbers
Open LibraryOL14910204M
ISBN 100100090516

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North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea.

In the petroleum industry, the term "North Sea" often includes areas such as the Norwegian Sea and the area known as "West of Shetland", "the Atlantic Frontier" or "the Atlantic Margin" that is not geographically part of the North Sea.

House of Commons Select Committee on Energy, Session –81, Minutes of Evidence: North Sea Oil Depletion Policy, HC C. Robinson, p. (London: HMSO, ).

Google Scholar The Oil Depletion Analysis Centre (ODAC) is an independent, UK-registered educational centre is working to raise international public awareness and promote better understanding of the world's oil depletion and peak oil problem.

It is based in London and belongs to the New Economics Foundation. ODAC was founded in June on the belief that an informed public debate about the Director: Jim Meyer. Abstract. The importance of North Sea oil and gas to Britain, Norway and indeed to the rest of Western Europe, was discussed in Chapter 1.

1 Despite the significance of the North Sea, there is little sign that the rate at which reserves should be depleted has received more than cursory consideration, although the Norwegians have perhaps devoted more attention to depletion policy than the : Colin Robinson, Jon Morgan.

North Sea Oil in the Future Economic Analysis and Government Policy. Authors: Policy towards the Depletion of North Sea Oil. Pages Robinson, Colin (et al.) Preview. British North Sea Oil Supplies. Book Title North Sea Oil in the Future Book Subtitle. The author also outlines the debates around interventionist depletion policies and on how the oil revenues should best be utilised.

The Official History of North Sea Oil and Gas will be of much interest to students of North Sea oil and gas, energy economics, business history, and British politics, as well as to petroleum professionals and. It is boom time in Europe’s oil capital.

And yet UK North Sea North Sea oil depletion policy book production is in free fall, despite record high expenditure. Figure 1 In the period tosharply rising oil price more than outweighed plummeting production and the total value of that production kept rising.

But with oil price now stabilised and range bound $$ Policy makers and government officials can clearly learn important lessons from the fascinating history of North Sea oil and gas.' - René Taudal Poulsen, International Journal of Maritime History, Vol 1, Cited by: 1.

Additional Physical Format: Online version: Robinson, Colin, Economic consequences of controlling the depletion of North Sea oil and gas. London: Trade Policy Research Centre, []. Oil depletion in the world.

yearly drop in oil extraction from the North Sea exceeds. slightly over 10% a year. Production from the Gulf of according to the policy forum by Maugeri, is.

An article in North Sea oil depletion policy book March Bulletin discussed the development and exploitation of oil and gas reserves in the North Sea and examined the implications for the UK onshore economy.

After a gap of almost five years, the present article updates and modifies the earlier analysis. InNorth Sea oil production represented nearly 9% of world oil production. 8 North Sea fields were selected for this analysis because high quality data are available for individual oil fields, because the North Sea has been a key factor in increasing non-OPEC oil production over the last 20 years, and because the best available technology.

North Sea Oil. While the first oil discoveries in the North Sea occurred in the ’s, it would take the Iranian oil crisis to make the exploitation of North Sea oil economically viable. The North Sea contains the majority of Europe’s oil reserves and has become one of the leading non-OPEC producing regions in the world.

In the countdown to D-day for Scottish independence, there is a rift in opinion over the future of the North Sea's oil and gas after a recent decision to downgrade its forecasts, the.

Jersey Oil and Gas has said it plans to launch a farm-out process later this year for its Greater Buchan Area in the North Sea, despite the Covid and oil price crises. Coronavirus. The oil majors issued a vote of confidence for the North Sea in recent days, citing precipitous declines in the cost of production, which they say will revive the region’s oil and gas production.

North Sea Reserve Appreciation, Production and Depletion Tone Sem and Denny Ellerman1 Abstract Oil field “growth” has become a well-recognized phenomenon in mature, well-explored provinces such as the United States leading to the continual under-estimation in oil production forecasts.

Examples of these rapid growth periods include the USSR in the ss, Mexico and the North Sea in the late ss, Venezuela’s heavy oil production in the s, Brazil in the early. The first North Sea discovery was indiscoveries peaked in and the UK passed its production peak in The British portion of the basin is.

Government and North Sea Oil. It seems that you're in USA. We have a dedicated site for USA Depletion Policy. Pages Hann, Danny.

Services for this book. Download High-Resolution Cover. Facebook Twitter LinkedIn Google++. Bibliographic InformationBrand: Palgrave Macmillan UK. The author also outlines the debates around interventionist depletion policies and on how the oil revenues should best be utilised.

The Official History of North Sea Oil and Gas will be of much interest to students of North Sea oil and gas, energy economics, business history, and British politics, as well as to petroleum professionals and Cited by: 1. Large oil field found in North Sea The oil company British Petroleum has announced it has struck oil in the North Sea.

The find will eventually make a huge difference to Britain's balance of payments since almost all of the country's oil is imported. Depletion and Decline Curve Analysis in Crude Oil Production Licentiate thesis world oil production. Energy Policy, 37(6) Norway has been one of the two major producers in the North Sea as well as the world’s third largest oil exporter.

The Norwegian Petroleum Directorate makes all relevant data officially available, thus makingCited by: @article{osti_, title = {Effect of reservoir depletion and pore pressure drawdown on in situ stress and deformation in the Ekofisk field, North Sea}, author = {Teufel, L W and Rhett, D W and Farrell, H E}, abstractNote = {Knowledge of in situ stress and how stress changes with reservoir depletion and pore pressure drawdown is important in a multi-disciplinary approach to reservoir.

An assessment of UK North Sea oil and gas policies Twenty-five years on Alexander G. Kemp North Sea oil and gas exploitation has had a major impact on the UK economy. To maximize the potential national benefits appropriate licens- ing, taxation, depletion and pricing policies are by: 7.

A Sea Change is taking place in North Sea oil & gas. Senior stakeholders across the value chain agree that the North Sea does have a future.

However, a number of fundamental issues will need to be addressed in the next 24 months if the basin is to avoid a rapid and premature decline. North Sea oil, which is covered elsewhere in this voltJne by Alex KEJ!tl.

It is however useful to look briefly at the economic costs and benefits of North Sea oil in order that we may examine later what Carson () has called 'the other price of Britain's oil',namely the costs in life and lintl to those working offshore.

Oil depletion As a geophysicist and Fellow of the American Geophysical Union, I don't qualify to be a "Flat-Earth Economist"—to use Colin Campbell's terminology.

Aug 11th,   Fisheries depletion is a tough issue for the world's governments. Solving it would require massive reductions in fishing fleets, stringent controls on illegal fishing and fishing practices, strictly enforced limits on the number of fish to be taken in a given Author: Jean-François Rischard.

More than three decades after we began to exploit our North Sea oil and gas reserves, we have seen the squandering of nearly £ billion of revenues (in real terms), and the depletion of more.

and depletion rate. The paper emphasizes the statistical analysis of reserve appreciation. It contrasts the Norwegian and UK experience.

An important distinction is drawn between appreciation of oil-in-place and changes in recovery factors. North Sea oil reserve appreciation between production.

Oh and it takes great delight in quoting the naysars who first forecast that there was no chance of finding oil in the north sea to and it will run out tomorrow. I guess one day they will get that right, but it appears not that time soon. Although the book is titled North Sea, it does mention the rigs moving into the Western Atlantic.4/4(1).

marks 53 years since this Act was passed, and today industry analysts regularly devote hundreds of column inches to speculation about the current state, and future of, the North Sea Oil & Gas industry. Therefore, we decided to combine a look back at the history of the North Sea, with an analysis of current and future trends.

Read on to. Britain first discovered gas in the North sea in Oil finds soon followed and by the early s the UK was exporting more oil than it imported. Aberdeen became the oil capital of Europe and.

New Offshore Oil Service Industry. The paper quantifies the contribution of oil to the UK economy where possible and evaluates the impact of changes in the exchange rate and the oil price. The likely effect of Government refinery policy and depletion policy are also reviewed. The state offshore: petroleum, politics, and state intervention on the British and Norwegian continental shelves.

[Brent F Nelsen] With the discovery of oil and natural gas in the North Sea, both Britain and Norway faced the challenge of extracting it. petroleum, politics, and state intervention on the British and Norwegian.

An important feature of British oil production is also omitted: the Continental Shelf Act that became effective in That Act resulted in petroleum exploration and discoveries in the North Sea within a year.

This led to the major exploitation of North Sea deposits. The decline of North Sea oil and gas production continues. The trend is now a problem not just for the Scottish Nationalists but also for the UK Treasury and thepeople who work in.

Robinson, J. Morgan, Economic consequences of controlling the depletion of North Sea oil and gas, Trade Policy Research Centre, Google Scholar C. Robinson, J. Morgan, Effects of North Sea oil on the United Kingdom's balance of payments, Trade Policy Research Centre, Cited by: 4.

The Oil Depletion Analysis Centre (ODAC) is an independent, UK-registered educational charity. The centre is working to raise international public awareness and promote better understanding of the world's oil depletion and peak oil problem.

It is based in. Recent oil discoveries sound large, Cobb writes, but, when put into the context of how much we consume, they won’t extend the oil age by much. Current oil Author: Kurt Cobb.The book predicted that if the rates of change in population, industrialization, pollution, food production, energy consumption and depletion of resources continued unabated - society would become unsustainable within years.

With the environmental concerns, the move from coal to oil was accelerated and use of nuclear power increased.For over a decade, the North Sea’s once-booming oil sector was mired in decline. Against the odds, it has emerged as an unlikely bright spot in today’s stormy global energy industry.

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