Criminals led by Kramer (Anthony Perkins) seize an oil rig tender in the North Sea and hook up explosives to two rigs, they want millions in cash or there is going to be a rather large explosion. Admiral Brinsden (James Mason) is to negotiate with the criminals, though his assistant ffolkes (Roger Moore) is really an expert in anti-terrorist operations at sea and his team are planning an attack...
The film has a great set-up though you have to wait a long time for the big action set-piece (which probably isn't that big after all). It is worth the wait though as the tension is built up very well thoughout. Ffolkes character is superbly odd (and very unlike Moore's Bond in many ways) and adds a great deal of interest to this otherwise fairly straight forward tale.