BP boss to brief Holyrood MPs on N. Sea oil industry



BP's Energy Outlook
BP’s Energy Outlook

Oil and Gas UK tomorrow publishes its 2015 Activity Survey, based on the latest data supplied by all exploration and production companies operating in the UK.

The London-based trade association is holding industry briefings on the survey this week in Aberdeen and Inverness, and will also hold a special briefing for Holyrood MPs on Wednesday.

Mike Tholen, OGUK Economics Director, will answer questions from MSPs on the Activity Survey, while Tim Smith, BP Vice-President, will give a presentation on ‘an operator’s perspective’ on the state of the N. Sea oil industry.

Meanwhile, the SNP is today calling on Scottish Secretary Alistair Carmichael to use his visit to Aberdeen to announce fiscal changes to help the oil and gas sector.

Last month, Sir Ian Wood called for tax changes to help the oil and gas sector to be made within three weeks, warning that delaying until the March budget would be too late as companies prepared to take decisions on future investment plans.

The Scottish Government has called for key fiscal changes to support the oil andd gas industry’s long term future.

SNP MSP Mark McDonald said today: “When experts like Sir Ian Wood warn that action to help the oil and gas sector cannot wait until the March budget, people would rightly expect the Westminster Government to listen.

“Westminster’s failure to act with any kind of urgency shows a worrying lack of understanding for the needs of the oil and gas sector and the jobs that depend upon it.

“Alistair Carmichael should use his visit to Aberdeen today to finally commit to the kind of fiscal changes that Westminster should have agreed to weeks ago.”


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