The first British discovery of gas was made in 1965 off the East Anglian coast. As exploration moved further north along the coast it became clear that oil was to be found in great quantities.
The North Sea became the centre of the world’s most productive energy industries. Realising there were great profits to be made, British, European and American companies took out leases on areas of the North Sea and by the mid 1980s there were over 100 rigs producing millions of barrels of oil everyday. Production peaked in 2001 and it is now accepted that the natural resources of oil and gas in the North Sea are in decline.