Britain's North Sea oil flow builds up. [Resultant policy and economic issues]

Journal Article · Fri Apr 01 04:00:00 EST 1977 · Energy Int.; (United States)

OSTI ID:7095321

Swiss, M

Forecasts of energy production are felt to be futile, but Great Britain is viewed as needing to make the decisions on future production, now that North Sea oil and gas wells are producing. Five separate basins in the North Sea are under development and a gathering system of pipelines set up. The favored system consists of four lines to carry petroleum, natural gas liquids, and heavier gases. Figures are quoted for potential oil and gas production for the United Kingdom as the northern and southern fields are developed. This will have impact on the economy as the shift is made from a major energy importer to an exporter. Two thirds of the oil is expected to be refined domestically in order to achieve self-sufficiency in distillates. North Sea oil, having different characteristics than Mideast oil, requires new types of refineries. Petroleum products will be more suitable for the U.S. than the European market. Larger refineries, however, can adapt more readily to the new type of oil.A national oil company (BNOC) is funded for exploration and development as a 51 percent partner. (DCK)

• OSTI ID: 7095321
• Journal Information: Energy Int.; (United States), Journal Name: Energy Int.; (United States) Vol. 14:4; ISSN ENEIB
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002* -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ATLANTIC OCEAN
DRILLING
ECONOMIC DEVELOPMENT
ECONOMIC IMPACT
ENERGY POLICY
ENERGY SOURCE DEVELOPMENT
ENERGY SOURCES
EUROPE
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
LEGAL ASPECTS
LICENSING
MARKET
NATURAL GAS
NORTH SEA
OFFSHORE DRILLING
PETROCHEMICALS
PETROLEUM
PETROLEUM PRODUCTS
PIPELINES
SEAS
SURFACE WATERS
UNITED KINGDOM