Definition of North Sea oil from the Oxford Advanced Learner's Dictionary

 

North Sea oil

 
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(in Britain) oil obtained from under the North Sea, mainly from the area around the east coast of Scotland and the north-east coast of England. The oil was discovered in 1969. It was first brought out in 1975 and by 1994 Britain had become the world's eighth largest producer although since 2000 it has been clear that the country needs to plan for the time when the oil runs out. North Sea oil has been a major political issue between the British government and the Scottish people, many of whom feel that Scotland should have benefited more from the great wealth under the sea off its coast.