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North Sea oil refers to oil and natural gas (hydrocarbons) produced from oil reservoirs beneath the North Sea. In the oil industry, "North Sea" often refers to a larger geographical set, including areas such as the Norwegian Sea and the UK "Atlantic Margin" (west of Shetland) not, strictly speaking, part of the North Sea. Brent crude is still used today as a standard benchmark for pricing oil, although the contract now refers to a blend of oils from fields in the northern North Sea. Commercial... full article at wikipedia
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Created by Metaweb Oct 22, 2006
Last edited by mw_cotype_bot Jun 19, 2008
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