
North Sea oil reserves
North Sea oil reserves refer to the underground pockets of crude oil located beneath the North Sea, primarily off the coasts of the UK, Norway, Denmark, and the Netherlands. These reserves have been developed since the 1960s, contributing significantly to the region’s economy. Extracting oil involves drilling deep wells into the seabed, where the oil is trapped in rock formations. While the reserves have declined over decades, they remain an important source of oil and gas, supporting energy needs and industrial activity. The North Sea's reserves are finite, with ongoing exploration and technological advances influencing future extraction prospects.