An introduction outlining the complex of problems and discussing the chosen method is followed by the development of a computerized simulation model. Starting from oil exploration, the whole process of opening, financing, production, and taxation of discovered North Sea oil fields is analysed and modelled up to the effects they have on the balance of payments. The statements are characterized by the opinion that even formalized, complex model relations can be delivered in a way which is intelligible to all. In the final part, predicted results are presented and discussed in detail, which were achieved under conditions alternatively assumed for the future on the basis of the model calculations. Furthermore, in the annexes flowcharts and the FORTRAN program of the model as well as comprehensive tables of results are shown. With this work, the author breaks through the narrow concept of a pure simulation model. For the first time he shows opportunities and limit, the set to the restoration of Britain's balance of payments by means of North Sea oil.