Written question asked by Lord Stoddart of Swindon (Independent Labour) on Monday, 3 November 2014, in the House of Lords. It was due for an answer on Monday, 17 November 2014. It was answered by Baroness Verma (Conservative) on Thursday, 20 November 2014 on behalf of the Department of Energy and Climate Change.
North Sea Oil
- Question
-
To ask Her Majesty’s Government what assessment they have made of the effect of changing oil prices on reserves from North Sea oil.
- Answer
-
Each year the Department of Energy and Climate change publishes estimates of UK oil reserves based on assessments of the amount of oil that is technically and commercially recoverable. The judgement on commerciality rests with the operators of each field/discovery, not the Department. It will depend, among other things, on oil prices when they make that assessment. The latest estimates can be found on the attached.
Secondary information
- Type
- Written question
- Reference
- HL2614
- Session
- 2014-15
- Attachment
- UK Oil Reserves & Estimated Ultimate Recovery 2014
- Subjects
- Oil Prices North Sea oil Reserves
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2015-05-22 06:37:32 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2014-15/HL2614
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2014-15/HL2614
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2014-15/HL2614