U.K. oil boom may dry early
NZPA-Reuter London Britain’s brief reign as one; of the self-sufficient oil pro-i ducers of the world may be s rather shorter than was; (thought, according to a re-) port by leading oil com-; I panies. I The document . suggests) ' that North Sea oil will satisjfy home demand for six (years only — and the cutioff point is 1986. i After that, it says, Britain (may have to become a net I importer of the vital energy source. ! The Government s own estimates have until now 'shown Britain as a self-suf-
ificient producer of oil from q'the year 1980 until some •itime in the 19905. !» The report, issued by the >IU.K. Offshore Operators' Association, is in the form •lof a discussion document for :the Energy Commission. >| It was compiled at the request of the Department of : Energy, and is scheduled for publication today. One of the associations ' officials has pointed out that ; the number of exploration ' wells drilled this year was far below expectations. Out of a recommended 90 1 wells, only 38 were drilled in 1978.
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Press, 10 November 1978, Page 6
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181U.K. oil boom may dry early Press, 10 November 1978, Page 6
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