North Sea oil Flashcards
(6 cards)
1
Q
What was the Forties Field?
A
The largest oilfield in Britain’s sector of the North Sea at the time of its discovery.
2
Q
Who discovered the Forties Field and when?
A
Discovered by BP (British Petroleum) in the late 1960s.
3
Q
When was the Forties Field officially opened, and by whom?
A
Opened in 1975 by the Queen.
4
Q
How much was invested in the development of the Forties Field?
A
£750 million.
5
Q
How much of Britain’s oil consumption did the Forties Field eventually produce?
A
About 20% within a couple of years.
6
Q
How did North Sea oil impact the UK government?
A
It created economic confidence and was seen as a rare positive development during a time of economic difficulty.
