P2 SECTION C: RESOURCE MANAGEMENT- NORTH SEA Flashcards

1
Q

NORTH SEA: BACKGROUND

A
  • Oil + gas found in sea (UK allowed to dig for)
  • Less than 50% oil/gas remain
  • 100+ oil installation in oilfields (operated by BP, Shell, etc)
  • Gannett oilfield: 180km east of Aberdeen
  • 88 000 barrels of oil per day transported to Teesside and Aberdeen
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2
Q

NORTH SEA: ADVANTAGES

A
  • Energy secure: UK doesn’t rely on foreign sources.
  • Makes huge amount of jobs: boosts employment for local economy
  • UK GOV benefit from tax revenues: £300 bil since 1975
  • New licenses (27 granted) boost industry: supporting 200 000 jobs + contribute £16 billion every year
  • Advancing transition to low-carbon tech
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3
Q

NORTH SEA: DISADVANTAGES

A
  • Huge investments needed to develop tech
  • Major accidents causing deaths:
    -> Piper Alpha disaster (1988) killing 167, £1.7 billion loses
  • Price of oil fluctuates- job losses
  • Finite supply: UK vulnerable in long term
  • Oil leaks: damages environment
  • Priortising renewables deemed more important by some
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