Monday 11 March 2013

Oil & Gas UK welcomes Scottish Government’s first Oil and Gas Analytical Bulletin

Oil & Gas UK welcomes the publication today of the Scottish Government’s first Oil and Gas Analytical Bulletin.  The document supports our view that the offshore oil and gas industry is an industry with a future and one worth working hard for.  It occupies an important place in the economy, not just because of the revenues it generates – as highlighted by this document – but also for the jobs it provides, the security of primary energy supply and the business opportunities it presents for companies in the supply chain across the country.

Commenting on the First Minister Alex Salmond’s and Finance Secretary John Swinney’s visit to Aberdeen this morning, Oil & Gas UK communications director Trisha O’Reilly said: “We welcome the First Minister and Finance Secretary to Aberdeen, the engine of the UK’s oil and gas industry.  While here, they will meet members of the Oil & Gas UK Board to discuss the findings of our own exploration, investment and production survey published at the end of February. We are currently seeing record investment which should result in oil and gas production rising from 2014 out to 2017, safeguarding hundreds of thousands of jobs, revenues and valuable supplies of primary energy. 

“There is a substantial prize still to be won, with up to 24 billion barrels of oil and gas to recover. These barrels will be difficult and expensive to develop and operate, but with cooperation with and between the Scottish and UK governments, and continued innovation and strong stewardship by the industry, we believe it can be done.”

A link to the Oil and Gas Analytical Bulletin publication is available by clicking here


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