Friday 8 May 2015

Oil & Gas UK Response to General Election Results

Deirdre Michie, Oil & Gas UK's chief executive, said: “We await the announcement of the new Cabinet with keen interest, following the outcome of the General Election. 

 “The 2015 Budget laid strong foundations for the regeneration of the UK North Sea. This industry is now working hard to increase efficiency and address its cost base.  This continues to be a challenging time for the oil and gas industry.

 “We look forward to working with the Oil and Gas Authority and HM Treasury in a tripartite approach to maximising economic recovery of the UK’s substantial remaining oil and gas reserves, as recommended in the Wood Report and agreed by all major parties.

 “Oil & Gas UK has had good cooperative relationships with both the UK and Scottish Governments and we look forward to continuing this constructive way of working with the new UK Government.”

 

 

Ends.