PETROLEUM EXPLORATION AND PRODUCTION IN EUROPE IN 1974

This review of European petroleum activities in 1974 shows that oil production continued to decline in the older fields onshore in Europe, and large-scale production from North Sea fields still awaited completion of producing facilities. Gas production increased in The Netherlands and in the British North Sea, but was near its peak from present producing fields. There were 2 giant oil discoveries in Jurassic sandstones in the northern North Sea, Statfjord in the Norwegian area and Ninian in the United Kingdom sector. There was active exploratory drilling on the Atlantic shelf west of the Shetland Islands, and oil shows were reported in one well. Oil was discovered for the first time in Greece, in the northern Aegean Sea. In the Soviet Union production of oil and condensate was 9,185,000 b/d and of gas 25. 2 billion cfd.