|From rigzone.com yesterday:
‘Industry body Oil & Gas UK has launched a blueprint outlining four key priorities the next UK Government should focus on to help secure the future of the North Sea oil and gas sector, which includes establishing steps to protect the workforce.’
The four priorities are:
1. Establish a UK energy policy which realizes the full benefits of the UK’s indigenous resources
2. Ensure the UK Continental Shelf (UKCS) is globally competitive for investment
It seems unlikely that the UK government will do anything of the sort so we must hope there’s an independent Scottish Government in place in time to do so. Further, we already know this is a conservative assessment taking no account of the likely massive boom in the seas to the West of Shetland. See these:Estimates of Scotland’s oil reserves West of Shetland now massively increased to around 8 billion barrels! ‘A super-resource now on the cards.’
More signs of massive oil expectations in Scotland’s waters west of Shetland and the Chinese market is desperate for it
The downturn is last year’s story. It’s time the story of Scotland’s affluent energy future was spread.
“£290 billion of tax revenue very good news but what will Scotland get a few crumbs Westminster will make sure of that.
Unless we get out soon.