Fallow Field Initiative

Trade and Industry written question – answered on 4th November 2004.

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Photo of Mr David Stewart Mr David Stewart PPS (Rt Hon Alistair Darling, Secretary of State), Department for Transport

To ask the Secretary of State for Trade and Industry how many new (a) gas and (b) oil reserves have been identified from the fallow field initiative.

Photo of Mike O'Brien Mike O'Brien Minister of State, Department of Trade and Industry, Minister of State (Energy & e-Commerce), Department of Trade and Industry

My Department's fallow initiative seeks to put blocks and discoveries in the hands of who can explore and develop them. Activity prompted by the fallow initiative has already resulted in a number of discoveries, 12 of which have resulted in fields with active plans for development. Collectively these are likely to have reserves ranging between 200 and 250 million barrels of oil equivalent. I have provided an overall estimate because specific figures on oil and gas reserves for individual fields and accumulations are commercially sensitive and provided to my Department in confidence by the operating company.

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