The sea/ocean territory allocated to an independent Scotland would generally follow the same rules as with all countries by the sea and Scotland would acquire/retain the areas currently claimed and held by the UK - as far south as the Scottish/English border and half way toward Northern Ireland. Mineral and other rights would attach to this and, while infrastructure owned by private/privatised companies would remain in their hands, the Scottish Government would have 100% control over legislation and regulation, taxation and all else, including even nationalisation if that were decided upon - precisely as the UK Government currently enjoys. It would be Scottish oil, no longer UK oil simply by virtue of legal power through sovereignty. This is not some fantasy but a simple fact and if independence comes about there will not be much in this area that needs any degree of clarification. If/when Scotland becomes independent then so too, to a substantial degree, will England and in the opinion of quite a few not before time because as an operational unit the UK is somewhat past its use-by-date. Much has been said how the mind-set of empire still holds back those countries which make up the UK, both individually and collectively. Most of the posts on this thread point to what is a long-standing sore in the UK: Too many among the English see the Scots (and the others too) as foreigners of sort (or worse) and the Scots have sensed this for centuries and resent it. The English may well be forced by Scottish independence to look objectively at themselves and instead of blaming others for their woes and griping about "ungratefulness" by those allowed to sit at their table will instead for once have to correctly evaluate their place in the world as a rather small and not as important nation as they have hitherto seen themselves. Maybe then they will stop wasting their efforts in supporting a fantasy of a world power that grossly overspends on military toys and overstret