Energy Voice: Opinion - The Energy Minister’s Take on the North Sea (UK)

UK oil and gas is a vital part of our economy and one of our great industrial success stories over the past 50 years.

The industry contributed a staggering £3bn last year and supports 375,000 jobs across the UK. It’s the largest industrial investor we have and I am determined to ensure it continues to thrive.

Critically it supports our energy security, with almost 42 billion barrels of oil and gas recovered from the UK Continental Shelf so far.

2014 was a year of record capital investment with some £14.8 billion invested across the UK Continental Shelf. But this impressive headline figure masked a series of underlying challenges that I heard about first-hand in my recent visit to Aberdeen.

Read the full article HERE.