The Independent Oil and Gas Expert Commission is seeking the views and comments from stakeholders and industry that will feed into the final report back to the Scottish Government.
This Commission has been established to consider options for the implementation of the key principles set out in the Scottish Government’s paper ‘Maximising the return from Oil and Gas in an Independent Scotland’. The full paper – published in July 2013 – can be accessed here
Through the establishment of the independent commission the Scottish Government aims to give the industry and all stakeholders the opportunity to put forward views on how to generate the maximum value for all stakeholders from North Sea oil and gas activities.
The industry and wider stakeholders can put forward views on an oil and gas framework that will allow the commission to assemble a broad base of evidence and views on what is needed to both remove impediments to investment and to encourage ongoing investment in production, new development and exploration so as to optimise the value extracted from existing and newly or yet to be discovered reserves.
Melfort Campbell, (OBE) Chair of the Commission, said: “We look forward to working closely with a wide range of industry figures and wider stakeholders to ensure that the final report is comprehensive and is representative of the industry as a whole. I would encourage all to take this opportunity to contribute to this important work.”
Campbell is Chairman and Chief Executive of the Imes Group – an international engineering company providing wire rope management and engineering services for of cranes, lifting equipment and specialised structures such as North Sea oil rigs.
Energy Minister Fergus Ewing, MSP, said: “This Commission has the potential to influence future Government policy in the crucial years to come, regardless of who or of what political complexion that Government may be.
“The Commission’s report is an opportunity for the industry to take stock and to have its say on what Government’s role should be in maximising the economic recovery of oil and gas in the North Sea, with a particular focus on the relevant fiscal, regulatory and licensing regimes, and on decommissioning.”
To submit your comments please click here
The closing date for submissions is Friday 29 November 2013.
The Independent Oil and Gas Expert Commission will produce a full report in Spring 2014.