The oil and gas industry has pressed the new UK Energy & Business minister for action to tackle low investment in the N. Sea and Maximise Economic Recovery.
Deirdre Michie, chief executive of Oil and Gas UK – the Aberdeen-based trade body – told Greg Clark that it is‘vital for governments, <in Holyrood and Westminster> the regulator and industry to come together ‘to make strategic interventions that will unlock investment and stimulate activity for the longer term.’
Clark was appointed to the post just four weeks ago when incoming Prime Minister Theresa May also simultaneously abolished the Dept for Energy (DECC).
Michie added: “We’re pleased to have met Greg Clark MP in Aberdeen so soon after his appointment. He reinforced that the UK Government sees the oil and gas sector as a strategically important industry for the UK, and one which needs to be at the heart of the Government’s new industrial strategy.
“I made a direct plea to the Oil and Gas Authority and the secretary of state to bring forward the next meeting of the important industry and governmental group, the MER UK Forum, to discuss the immediate challenges of low investment and activity facing the North Sea. I’m pleased to say they have agreed to do this.
“While tangible progress is being made by industry to tackle the current downturn and improve operational efficiencies, very real challenges are still being faced.
“If we make the correct interventions now, the industry can continue to play a critical role in meeting the UK’s energy needs, support hundreds of thousands of jobs, and ensure the world-leading expertise that the sector possess are not lost.”