This report is a contribution to the Strategic Environmental Assessment (SEA7) conducted by the Department of Trade and Industry (now Department of Energy and Climate Change). This report assesses the socio-economic implications of further oil and gas licensing the SEA7 area. The Department of Trade and Industry provided scenarios of possible exploration and development activity in the area and these scenarios were converted into optimistic and pessimistic scenarios. They were then used to produce forecasts of: oil and gas production; oil and gas reserves; expenditure; employment; and tax revenues. The implications for existing facilities in the area are discussed and the potential social impacts. An underpinning report, Economic and Social Baseline Study, is also available.