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Gannet Oilfield, North Sea - Coggle Diagram
Gannet Oilfield, North Sea
180km east of Aberdeen
88 000 billion barrels of oil per day is taken
Oil transported to Teeside
Advantages
UK can produce it's own oil
Less reliant
Less vulnerable to changes in global oil prices
Good for economy
UK can sell oil
Make money through it
Many jobs created
Multiplier effect has benefited Aberdeen city
Unemployment is 1%
People in Aberdeen earn £150 more per week than the rest of Scotland
More local employment opportunities
A local & reliable supply of oil
Used by other industries in the area
Disadvantages
Will eventually run out
Still relying on importing from other countries
Exploring North Sea for new oils is very expensive
North Sea oil made less profitable
Oil prices fell in 2015
Potential for oil spills & accidents
1300 barrels of oil spilled into sea in August, 2011
Create many environmental problems
Encourages use of fossil fuels
Release CO2 emissions