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North Sea Oil and Gas FieldsAn oil platform in Mittelplate, Wadden Sea
North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea.
In the petroleum industry, the term "North Sea" often includes areas such as the Norwegian Sea and the area known as "West of Shetland", "the Atlantic Frontier" or "the Atlantic Margin" that is not geographically part of the North Sea.
Brent crude is still used today as a standard benchmark for pricing oil, although the contract now refers to a blend of oils from fields in the northern North Sea.
From the 1960s to 2014 it was reported that 42 billion barrels of oil equivalent (BOE) had been extracted from the North Sea since when production began. As there is still an estimated 24 billion BOE potentially remaining in the reservoir (equivalent to about 35 years worth of production), the North Sea will remain as an important petroleum reservoir for years to come.[1][2] However, this is the upper end of a range of estimates provided by Sir Ian Wood (commissioned by the UK government to carry out a review of the oil industry in the United Kingdom[3] ); the lower end was 12 billion barrels. Wood, upset with how his figures were being used, said the most likely amount to be found would be between 15 billion and 16 billion barrels.[4]
^"How Much Oil is Left in the North Sea?". People With Energy. Retrieved 3 September 2022.
^"North Sea oil: Facts and figures". BBC News. 24 February 2014. Retrieved 3 September 2022.
^"North Sea oil: Facts and figures". BBC News. BBC. 24 February 2014.
^Mufson, Steven (25 November 2021). "Just how oil rich is Scotland?". Washington Post. ISSN 0190-8286. Retrieved 17 July 2023.
oil and gas fields of the NorthSea contains links to oil and natural gas reservoirs beneath the NorthSea. In terms of the oil industry, "NorthSea oil"...
the economy of Norway. With NorthSeaoil production having peaked, disagreements over exploration for oil in the Barents Sea, the prospect of exploration...
for the processed oil. Remote subsea wells may also be connected to a platform by flow lines and by umbilical connections. These sub-sea facilities may include...
Ekofisk is an oil field in block 2/4 of the Norwegian sector of the NorthSea about 320 km (200 mi) southwest of Stavanger. Discovered in 1969 by Phillips...
Oseberg (Norwegian: Osebergfeltet) is an offshore oil field with a gas cap in the NorthSea located 140 km (87 mi) northwest of the city of Bergen on...
The Forties Oil Field is the second largest oil field in the NorthSea, after the Clair oilfield, which is located 110 miles east of Aberdeen. It was discovered...
Shetland Islands. Aberdeen became the centre of Britain's NorthSeaoil industry, with many oil terminals such as that of Sullom Voe in Shetland and Flotta...
The Statfjord oil field is a large oil and gas field covering 580 km2 in the U.K.-Norwegian boundary of the NorthSea at a water depth of 145 m, discovered...
contingency plan, should any of the NorthSeaoil installations it insures be threatened. Months later, a NorthSea supply ship named Esther takes on board...
the Brent Complex, a physically and financially traded oil market based around the NorthSea of Northwest Europe; colloquially, Brent Crude usually refers...
000 sq mi)). The Caspian Sea is home to a wide range of species and is famous for its caviar and oil industries. Pollution from the oil industry and dams on...
and the Southern NorthSea off East Anglia and Lincolnshire, but both areas are now in decline. Oil comes mainly from the NorthSea Central Graben close...
Cambo oil field is a prospective oil and gas field in the North Atlantic, 125 kilometres (78 mi) north west of the Shetland Islands, United Kingdom. The...
Gullfaks is an oil and gas field in the Norwegian sector of the NorthSea operated by Equinor. It was discovered in 1978, in block 34/10, at a water depth...
Beryl oil field is a major crude oil production field in the UK sector of the northern NorthSea, 335 km north east of Aberdeen. Production of oil started...
result of NorthSeaoil exports. The Dutch guilder was once regarded as a petrocurrency due to its large quantities of natural gas and NorthSeaoil exports...
The Buzzard Oil Field is an oil field located in the NorthSea Blocks 19/10, 19/5a, 20/6 and 20/1s. It was discovered in 2001 by PanCanadian, and developed...
high mica content. Since the discovery of NorthSeaoil in 1969, Aberdeen has been known as the offshore oil capital of Europe. Based upon the discovery...
reserve produced by exploitation of natural resources, particularly NorthSeaoil. Norway was the poorest of the three Scandinavian kingdoms (the others...
petrochemicals and fuels. In 1975 the discovery of NorthSeaoil brought the commissioning of the Kinneil Crude Oil Stabilisation Terminal, which connected directly...
gas field, both in Russia. Like oil, natural gas is often found underwater in offshore gas fields such as the NorthSea, Corrib Gas Field off Ireland,...
Norway. In March 1965, the boundaries of oil exploration were divided along the median line across the NorthSea. In April 1965 Norway opened the first...
classification NS – NorthSea; can also refer to the North Slope Borough, Alaska, the North Slope, which includes Prudhoe Bay Oil Field (the largest US oil field)...
Oil Spill in NorthSea Off Norway http://news.bbc.co.uk/1/hi/world/europe/7140645.stm Archived 14 December 2007 at the Wayback Machine "Tanker oil spill...
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