Scottish Government invests additional £2.2m in oil and gas research and development

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As the North Sea and West of Shetland fields move into a Third Wave of wealth generation with prices confidently expected to rise to between $70 and $100 per barrel by 2020, the Scottish Government is playing its part by investing strategically.

Livingston-based Scaled Solutions will receive £2.2 million:

‘The R&D project will enable the company to develop new testing services that will address knowledge and technology gaps in corrosion and scaling mechanisms. The company will grow its staff at its Scottish base over the next three years by a third, with 17 of the 19 newly-created jobs in R&D.’

https://news.gov.scot/news/gbp-5m-oil-and-gas-investment

This is not the first time the Scottish Government has invested strategically to develop knowledge and skills that Scottish companies can then use win contracts in and beyond the North Sea. See:

Scotland’s oil and gas expertise earned £11.4 billion in 2015/2016 supported by Scottish Government investment

As Scottish Oil and Gas moves into a third wave of prosperity, Scottish Government funding for innovation is increased

Evidence that it is paying off can also be found. See:

Scotland’s oil and gas extraction expertise continues to earn millions

So, getting on with the job, I’d say.

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