North Sea Oil

(asked on 22nd June 2023) - View Source

Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government what is the expected grade of the oil reserves in licensed but undeveloped fields in the North Sea basin; and what estimate they have made of the likelihood of the oil from these fields being used domestically in the UK as opposed to being exported.


Answered by
Lord Callanan Portrait
Lord Callanan
Shadow Minister (Foreign, Commonwealth and Development Office)
This question was answered on 6th July 2023

The grade of oil in most undeveloped discoveries in the UK sector of the North Sea and elsewhere on the UK Continental Shelf would vary from field to field. The decisions around the sale of both crude and finished petroleum products are commercial decisions given the international nature of oil markets.

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