Oil production in the North Sea is declining, and the financial resources of Scotland's independence dream are worrying.
in recent days, the prediction of oil and gas reserves in the North Sea has become a key part of the fiscal debate of Scotland's independence referendum. The debate about Scotland's oil and gas exploration potential has become increasingly acute in recent weeks
how much oil reserves are there in the North Sea? How will it affect the Scottish independence referendum on September 18 and the lives of Scots after that
according to the financial times, even Sir Ian wood, a billionaire in Aberdeen, has joined the "war". Sir wood is the former head of wood group, a Scottish oil service provider, and is currently the chief planner for the future development of North Sea oil fields in the UK. Last year, he was responsible for the research commissioned by the government on how to best develop the growing global trade volume of surplus capital in the North Sea, accompanied by the increasing number of cargo ships in service
wood claimed in the interview that he was "not loyal to any party or movement", but his comments were immediately used by anti independents. Wood warned that the North Sea oil and gas fields will dry up by 2030. He admitted that the recoverable oil equivalent in the North Sea may still be 24billion barrels, but hinted that 15billion to 16.5 billion barrels are more likely. Since the 1970s, more than 400 ■ yaw5 000j microcomputer controlled electro-hydraulic servo pressure testing machine has been exploited from the North Sea, which is mainly used to test 100 million barrels of mechanical properties of finished highway bridge bearings. "Offshore oil and gas cannot be counted in Scotland's medium-term economic gains," Wood said
the British Petroleum and Natural Gas Association believes that it should be between 12billion and 24billion barrels. "We are very clear that there is a wide range of possible outcomes." Malcolm Webb, CEO of the association, said, "it depends on the promotion of investment and activities in the North Sea. We need some changes. After all, there are some red lights."
advocates of Scottish independence point out that the recoverable oil reserves in the North Sea are 30billion barrels. A large part of the confidence of independent advocates comes from the rich resources of the North Sea. They believe that the oil and gas industry can make Scotland a richer independent new country. Scotland has the Brent production area of the North Sea oil and gas field, which accounts for about half of Britain's energy consumption
according to the data released by the UK General Administration of Taxation and customs in June this year, the UK received a total of £ 4.7 billion in revenue from the North Sea from 2013 to 2014. Although it is lower than £ 12.4 billion at the peak in 2009, it still exceeds £ 4.2 billion 10 years ago under adverse circumstances such as low oil and gas prices. At present, the huge amount of revenue paid by the North Sea oil and gas fields belongs to the British central government. If Scotland is independent, the latter will obtain 95% of the oil fields and 60% of the gas fields
anti independents believe that the decline of North Sea oil and gas field production will be a big problem. Despite the negative impact of high investment and foreign exchange, institutions such as the office of Ministers (OBR) stressed that once the North Sea oil and gas production declines, tax revenue will be affected, which will make the economic foundation of Scotland more fragile
at the same time, the anti independence camp seized the forecast data of the reduction of oil and gas production in the North Sea as evidence that "oil resources are being exhausted", accusing the independents of pinning Scotland's future on resources that will eventually be exhausted
the British Department of energy and climate change (DECC) predicts that the North Sea oil production will be reduced from 4300 tons to 2300 tons by 2030, and believes that the output will stop growing or only increase slightly in this 10 years
obr chairman Robert chote wrote to the Scottish Parliament this year, saying that from 2013 to 2019, UK oil and gas imports will be reduced from 6.1 billion UK pounds and open data structure pounds to 3.5 billion pounds, and then the decline will be even greater. He stated his reasons in the letter and launched a debate in July
in the assessment of the UK public finance, Choate also lowered his forecast for the North Sea revenue from 2020 to 2041 by 25% to 40billion pounds. "Oil and gas revenues are the most volatile revenue in the UK public finances," he said At the same time, he admitted that it was very difficult to predict this even in the short term
Salmond, chief minister of Scotland and head of the National Party (SNP), refuted that the reduction of oil and gas forecasts in the North Sea was "meaningless"
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