Minister for Energy, Enterprise and Tourism Fergus Ewing said yesterday that the announcement from ConocoPhilips highlighted, once again, the commitment from the oil and gas industry to the North Sea.
He said: “The news of the Jasmine field starting production gives a further boost to the industry, and follows on from recent announcements of investment in the West of Shetland and northern North Sea. The continued growth and investment in the North Sea is testament to the skilled and talented staff within the industry, and is a reminder of the continuing job and supply chain benefits from our oil and gas industry.
“Scotland’s industry-led Oil and Gas strategy sets out an overall theme of maximising resource recovery through a focus on industry led innovation, skills and supply chain growth. With up to 24 billion recoverable barrels with a potential wholesale value of £1.5 trillion, more than half of the resources in the North Sea, by value, still to be extracted, it is clear that the industry will make an important contribution to the Scottish economy for decades to come.”