British oil estimate
r.VZ.P.A. Neuter—Copgrighri ’j LONDON. April 15 M Proven reserves of oil tn '! Britain’s offshore fields are ’ now estimated at more than - 1000 million tons — an in;crease of nearly 20 per cent >|on last year’s estimate. i The Secretary of State for •(Energy (Mr Eric Varley) in " his annual report to Parliafiment on oil and gas developliments, says that the total re- • ! coverable reserves could lie (between 3000 m and 4500 m [tons. i "United Kingdom oil production in the 1970 s will still ’ provide a very substantial rei;lief to her balance of payments. and by 1980 oil production wi|J be enough to [provide self-sufficiency for this country in oil," the re- • port says, adding that proI duction in 1980 is expect* 1 to be between 100 m and ' 130 m tons.
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Press, Volume CXV, Issue 33819, 16 April 1975, Page 21
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134British oil estimate Press, Volume CXV, Issue 33819, 16 April 1975, Page 21
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