North Sea Oil & Gas Field
North Sea Oil & Gas Field: A licence block, a platform and a pipeline ashore. The Continental Shelf Act 1964 lets the government license blocks of the seabed…
A licence block, a platform and a pipeline ashore. Find oil and gas under the North Sea and bring it ashore.
The Continental Shelf Act 1964 lets the government license blocks of the seabed, and the first commercial gas is found under the southern North Sea in 1965. A field is a licence, an exploration well that may be dry, a platform that costs a fortune and a pipeline to the shore. The state takes a large share through royalties and special taxes, and the price of oil decides everything else.
- Setup costs
- £37,000,000 to £366,000,000
- Competition
- Low
- Category
- Heavy Industry & Energy
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