These talks were based on the continental shelf convention agreed in Geneva during 1958. Had more people thought there might be oil and gas off Norway’s coasts, greater conflict could have arisen in the discussions.
As it was, the UK, Norway, Denmark, Germany and the Netherlands reached agreement in 1965 to observe the median line principle enshrined in the convention. That gave Norway control over 131 000 square kilometres of the seabed in the North Sea.
Phillips Norway establishedFirst licensing round