Oil and gas bosses draw up new £290bn business plan blue-print for N. Sea to 2035

North Sea oil and gas industry business plan
North Sea oil and gas industry business plan

A new blue-print outlining four key priorities the next British government should focus on to help secure the future of the North Sea oil and gas sector has been drawn up by the industry.

The blue-print brings together two scenarios over the next 20 years: one for North Sea exploration and production, the other for the supply chain. 

It outlines the potential benefits to the UK that would come from fully capitalising on the opportunities presented by maximising activity in both areas – doubling supply chain turnover over the next two decades and ensuring the ageing basin is still a significant producer in 2035

Deirdre Michie, chief executive of Oil & Gas UK, said delivery of these priorities could help generate an additional revenue of over £290 billion to the UK economy over the next 20 years.

She added: “Against the backdrop of a busy political environment and a difficult operating climate for the industry, we urge the next UK Government to support our sector through our four key asks.

“Our blueprint details the steps we believe our political leaders should take to help sustain our industry, which continues to help secure the UK’s energy needs and supports hundreds of thousands of jobs.

“We are now operating in a totally different climate and have made big changes to how we do business. Industry has significantly upped its efficiency, improved its cost base by 50% and increased its competitiveness. While we are still managing our way through tough times we must also look ahead.

“Our plan sets out a compelling future for a £290 billion opportunity which could be unlocked for our sector if we continue to build on the good progress already made by industry and Government continuing to work together.”

The blue-print urges the incoming Westminster government to implement the following priorities: 

  • Draft a British energy policy which realises the full benefits of the UK’s indigenous resources
  • Ensure the North Sea is globally competitive for investment
  • Ensure Brexit negotiations support, develop and promote the oil and gas industry
  • Establish practical steps to protect, progress and promote operators, the supply chain and the industry workforce 

See also:

Brexit will cost N. Sea oil and gas supply chain an extra £200m a year to trade outside EU


Make your marketing voice heard in markets around the world with Scottish Energy News

World map of Scottish Energy News readers
World map of Scottish Energy News readers

In increasingly globalised energy markets, you can punch above your weight – even if you are ‘only’ based in Scotland – thanks to Scottish Energy News.

The graphic shows the countries (shaded in dark grey) where regular readers and subscribers of Scottish Energy News are based.

Some 5,000 subscribers around the world receive and read the premium daily e-mail newsletter from Scottish Energy News.

In addition, the website (www.ScottishEnergyNews.com ) was visited by an average of just under 20,000 unique visitors per month (Jan-Dec 2016).

The premium daily e-newsletter from Scottish Energy News is available​ form £9.99 per month.

Advertisers receive a free subscription to the premium daily e-newsletter


Advertise on our website and in our daily newsletter

Scottish Energy News  also offers pictorial adverts on its newsletter and website.

Pictorial adverts are available in the following sizes in pixels:

Width Height Monthly rate
Banner 560 170 £299
Sidebar 165 600 £299
“The double bill” 560 400 £499

Rates for shorter periods and bulk discounts are available upon request.

For more information including technical specifications CLICK HERE .

For more information: 

Richard Grant

Contact Publicity

15 Newton Terrace / Glasgow, G3 7PJ

T – 0141 204 2042 / F – 0141 204 2043




Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed