The Sea of Lost Opportunity
North Sea Oil and Gas, British Industry and the Offshore Supplies Office
- Norman J. Smith, Ex-Director General Director UK Department of Energy's Offshore Supplies Office
AudiencePublic sector policy makers, business strategists, academics in fields of economics/industrial history, energy economics and business.
- Published: May 2011
- Imprint: ELSEVIER
- ISBN: 978-0-444-53645-7
"Turning to the Sea of Lost Opportunity, this book is highly relevant to the Britain, of today…deeply stressed and seemingly unable to pull itself out of what has become an horrendous economic mire ...... a must-read for anyone who is hungry to learn about the industry that grew to become our greatest success story in a very long time."
"Smith explains why 25 years of government support through the OSO did not produce greater benefit for the UK. He seeks to show how governments and industries might more effectively manage new demands and ‘pursue strategic industrial objectives while leaving market mechanisms to function with minimal interference’. These objectives have application to Australia, not least in our equally open attitude to foreign investment, with mining, agriculture and real estate all in the public eye at present. Smith's suggestions as to how Britain could have been done better are no comfort to past governments, but may, well prepare those to come for new challenges."--
"[T]his is no less than the most important book involving the underwater industry that it has been my pleasure to have reviewed….There is so much wisdom woven into the fabric of this momentous book that its importance simply cannot be overstated. It is richly endowed with analytical tables, charts, and figures and makes compulsive reading."
"Smith provides an excellent conclusion that looks at the current UK energy scene and addresses the diverse industrial implications and impacts on future energy policy. This is an outstanding exposition of administration from 1963- 1993. Free-thinking technologists, politicians and energy economists should learn from the past and the current situation in order to produce sensible energy policies for the future. Clearly, this is a book to digest with an eye on strategic development, in terms of sustainable supplies and the environmental challenge."
"Detailed historical analysis of why the UK North Sea oil industry failed to establish a globally competitive offshore service and supply industry over thirty years."
Table of Contents
1. In Europe’s Sick Bay - Britain Before North Sea Oil
2. The Genesis of the North Sea Oil and Gas Industry
3. Motivations and Constraints in Early North Sea Activity
4. Before OSO: Offshore Supplies 1963-1972
5. OSO’s Formative Years 1973-1980
6. OSO’s Long March into History
7. Assessing OSO
8. Case Studies and Expert Testimony
9. Looking Back on a Thirty Year Journey