oil was discovered in the north sea in 1972.
oil was discovered in the north sea in 1972.
when was oil discovered in the north sea?
1972
north sea oil









































north sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the north sea.









































in the petroleum industry, the term "north sea" often includes areas such as the norwegian sea and the area known as "west of shetland", "the atlantic frontier" or "the atlantic margin" that is not geographically part of the north sea.









































brent crude is still used today as a standard benchmark for pricing oil, although the contract now refers to a blend of oils from fields in the northern north sea.









































section::::history.









































section::::history.:1851–1963.
north sea oil
in 1933, ipc joined negotiations for an oil concession in al-hasa province, saudi arabia, bidding against standard oil of california (socal, later renamed chevron). represented by stephen hemsley longrigg, the company's bid failed when it offered payment in rupees rather than the gold that king abdul-aziz (also known as ibn saud) desired. socal gained the concession and, joined by the texas oil company in 1936, went on to discover oil at dammam through its subsidiary, california-arabian standard oil company (casoc) in 1938. thereafter, ipc concentrated its efforts in arabia in developing its qatar oil concession (oil discovered 1939), abu dhabi (oil discovered in 1959), oman (see petroleum development oman) and the aden protectorates (in today's yemen). ipc personnel carried out a series of ground-breaking explorations in southern arabia during these years.
iraq petroleum company