This report is a contribution to the Strategic Environmental Assessment (SEA2) conducted by the Department of Trade and Industry (now Department of Energy and Climate Change). SEA2 focuses on the mature areas of the North Sea UK continental shelf which is divided into 3 areas - Northern, Central and Southern North Sea. The socio-economic effects of licensing the SEA2 area are discussed. The scope of the study includes estimates of the reserves which might be discovered and developed, and the related exploration, appraisal, development and decommissioning costs. The possible phasing of these activities through time is also examined. The effects of the development of new fields in extending the lives of existing ones and the implications for the provision of necessary infrastructure onshore are also examined. The employment generated directly and indirectly in the 3 sub-areas is estimated. The distinction is made between employment at the various stages in the exploration, development and production activities. The significance of the employment opportunities provided for the long-term maintenance of a skilled workforce is also considered.