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    CNBC: Scotland's oil reserves: The Trillion-dollar question

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With emotions running high, the question of what happens to the North Sea's oil and gas reserves if Scotland votes 'Yes' remains a key part of the debate.

by: Sruthi

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CNBC: Scotland's oil reserves: The Trillion-dollar question

In less than a month the Scottish referendum on independence will take place. With emotions running high, the question of what happens to the North Sea's oil and gas reserves if Scotland votes 'Yes' remains a key part of the debate.

The oil and gas industry employs approximately 450,000 people in the U.K., and in 2012/13 paid £6.5 billion ($10.8 billion) in taxes.

More than 40 billion barrels of oil and gas have already been extracted, and according to estimates from Oil and Gas U.K., the offshore industry's trade association, there could be as many as 24 billion barrels of oil and gas left.
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