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100 Billion barrels of oil


Jetpilot

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I shall be digging in the back garden tomorrow :teeth:

 

No point this is the UK - not like the USA - find gold or oil stake a claim, over here it belongs to the government / Crown or at least they get the lions share, and after all the favors :dry: they have done me in the last 2 years I'm not going out to find them oil or anything else valuable.

 

 

Oil and gas

 

The UK Continental Shelf (UKCS) comprises those areas of the seabed and beneath the seabed, beyond territorial waters (12 mile limit), over which the UK exercises sovereign rights of exploration and exploitation of mineral resources (excluding hydrocarbons).

Ownership of oil and gas within the land area of Great Britain was vested in the Crown by the Petroleum (Production) Act 1934. The Continental Shelf Act 1964 applied the provisions of the 1934 Act to the UKCS outside territorial waters.

For landward exploration a licence is required, which grants exclusive rights to exploit for and develop oil and gas onshore within Great Britain. The rights granted by landward licences do not include any rights of access, and the licensees must also obtain any consent under current legislation, including planning permissions. The Department for Business, Innovation and Skills grants licences to explore for and exploit all oil and gas resources. Licensees wishing to enter or drill through coal seams for coalbed methane and coal mine gas must also seek the permission of the Coal Authority.

 

Gold and silver

 

The Crown holds the rights to gold and silver. This is the case across the whole of the UK although in the past, in Scotland, some rights were transferred by ancient charter. The mines of these metals are known as ‘Mines Royal’. The Crown Estate grants exclusive options to take a lease of 'Mines Royal' for a specific area. These options must be obtained from the Crown Estate Mineral Agent, Wardell Armstrong. Exploration and access rights must be obtained from the landowner.

 

EDIT: Your OK with minerals though

 

nership in the UK

 

Legislation & policy: mineral ownership

 

Mineral ownership in the UK

 

In the UK ‘minerals’ are defined in Town and Country Planning legislation as:

‘all substances in or under land of a kind ordinarily worked for removal by underground or surface working, except that it does not include peat cut for purposes other than for sale.’

With the exception of oil, gas, coal, gold and silver, the state does not own mineral rights in the UK. Generally minerals are held in private ownership, and information on mineral rights, where available, is held by the Land Registry together with details of land surface ownership.

Edited by Keyser
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