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North Sea Oil

Question for HM Treasury

UIN 198595, tabled on 4 June 2014

To ask Mr Chancellor of the Exchequer, how much funding for the extraction of North Sea oil has come from (a) the Government, (b) the Scottish Executive and (c) the private sector in each of the last 20 years.

Answered on

11 June 2014

I have been asked to reply on behalf of the Department for Energy and Climate Change.

Government departments and agencies, including notably the Department of Energy and Climate Change and its predecessor departments, have for many years supported research aimed at identifying UK hydrocarbon potential and finding ways of finding and extracting it more cost-effectively. Comprehensive records of the amount spent on such activities by year across Government are not available.

The Department of Energy and Climate Change does not have detailed information on the annual expenditure of the Scottish Executive.

Estimates of total annual pre-tax expenditure in £ billions by the private sector on finding and developing UK hydrocarbons (oil and gas, in the North Sea as well as elsewhere in the UK and on the UK Continental Shelf) for the period 1994–2013 are given in the table below. More detailed information through to 2012 is available online at:

https://www.gov.uk/oil-and-gas-uk-field-data#ukcs-income-and-expenditure.

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

8.5

9.4

9.4

9.6

9.9

7.8

7.5

8.3

8.6

8.2

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

8.4

9.9

12.0

12.4

13.1

13.3

14.9

18.3

21.8

25.8

Answered by

Treasury