17 terms

GCSE North Sea Oil and Gas

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The North Sea
A sea bordering Scandinavia, Britain, and the European continent.
Oil and Gas
Are found in the rocks beneath the North Sea
June 1975
first North Sea oil came ashore
1999
Peak production date for North Sea
40 billion barrels
Worth of Oil and Gas have been extracted so far
UK, Norway, Denmark and Germany
have drilling rights within the North Sea around their territories in the North Sea
Norway and the UK
Have the largest reserves, and Norway has used this drilling to pay for a number of social programmes.
Reserves of oil and gas
Are starting to dwindle (more than 50% has been extracted) and the oil and gas is tougher to extract.
£300billion pounds
Amount of revenue brought into the UK government since 1975 from oil and gas in the North Sea
Gannet Oil and gas Field
Discovered in 1973, by 1993 production of this oil field had started. Run by Shell, who pump oil via Fulmar A on to Teesside.
Gannet Gas
is exported to Gannet diverter then piped via Fulmer gas pipeline to St Fergus, north of Aberdeen.
UK energy security is good
As it still produces around 60% of its natural gas meaning it is less reliant on foreign gas.
Job creation
A positive of oil and gas industry. Boosted places like Aberdeen as people have moved there to take part in the oil industry. Lower unemployment rates and higher wages than most parts of the UK.
Positive multiplier effect
A positive chain of events triggered by the oil and gas industry in a region. Creates extra jobs and associated industries
Prices of Oil fluctuates wildly
So when it falls e.g. 2014 the number of employed workers falls (from around 450,000 people to just over 300,000 people)
Major accidents
In the North Sea oil field that have resulted in death. The Piper Alpha disaster of 1988 which killed 167 workers and caused insured losses of £1.7billion pounds
Oil leaks
do happen and this causes huge environmental damage, e.g. from the Gannet Alpha platform in 2011