First Minister and Sir Ian Wood to speak at Oil & Gas UK Annual Conference

Oil and Gas UKOil & Gas UK has announced its first Annual Conference will feature industry experts, in addition to speakers from both UK and Scottish Governments.

The oil and gas industry trade body can reveal that First Minister, Alex Salmond MSP, will be speaking at the event. Mr Salmond commented:

“According to Oil and Gas UK more than 80% of operators are predicting production will improve this year and with more than half the total wholesale value of oil and gas reserves still to be extracted it is clear that Scotland’s Oil and Gas sector is booming and it will continue to contribute to Scotland’s public finances for many years to come.

“We are committed to providing optimum conditions for the oil and gas industry to help it innovate and thrive in a globally-competitive environment.

“The north-east of Scotland is already a global hub for the industry, with many companies operating across other sectors such as engineering services, power generation and offshore renewables. Our world-leading offshore industry can provide long-term benefits to the economy of an independent Scotland.”

Following the publication of the Wood Review earlier this year, the conference falls under the umbrella of MER UK (Maximising Economic Recovery UK) and conference streams will take a thematic approach, striving to answer the question: How can we develop a sustainable future for the UK oil and gas industry? Sir Ian Wood will be presenting his views on the industry and progress to date at the conference, which will be held at Aberdeen Exhibition and Conference Centre, June 11th-12th 2014.

Oil & Gas UK’s Activity Survey recently noted that the industry is facing its biggest exploration challenge in 50 years with only 15 exploration wells were drilled in 2013 – a steep downward trend since 2008 when 44 exploration wells were drilled, in addition, costs are on the increase.

Oil & Gas UK Chief Executive, Malcolm Webb, welcomed the conference, expressing hope that it would enable collaboration in the industry:

“I’m delighted to be announcing the first speakers for this conference. Investment in the UK Continental Shelf (UKCS) is currently at a record level, as is our membership base – which has grown exponentially and now stands at close to 450 companies. We’ve listened to what our members are looking for – opportunities to network, to increase their industry knowledge and to debate future of this sector. I believe this conference will fit the bill on all fronts.

“We’ve benefited from the support of both the UK and Scottish Governments of late. The UKCS still has significant oil and gas potential, with up to an estimated 24 billion barrels of oil equivalent to be found, developed and produced offshore and we look forward to working with both governments to ensure these remaining resources are recovered.  Crucially, I hope this event will produce tangible benefits for the North Seas – by echoing Sir Ian Wood’s call for greater collaboration in our region.”

The conference will break into parallel conference streams on four occasions over the two days, allowing delegates to create their own personal conference agenda. Oil & Gas UK will run the streams to convey complex information, allow the exchange of ideas and also to provoke debate on the important issues of the day, whether technical, operational or corporate.

Oil & Gas UK’s Business Development Director, Stephen Marcos Jones, concludes:

“The conference will combine main plenary sessions with focussed parallel streams, allowing you to tailor each day to your own areas of interest and expertise – be that health and safety, economics or operations. We’re pleased to have a real cross section of contributors, including the UK and Scottish Governments, regulators, academics, plus operators and contractors. We hope this conference will become an annual flagship event for Oil & Gas UK.

“The conference is perfect opportunity for those in our industry who want to have their finger on the pulse of those issues influencing the success of our industry today and in the decades ahead.”

Tickets are selling fast, so please book here at your earliest convenience to avoid disappointment.

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