LONDON --Oil & Gas UK has responded to the Scottish government’s White Paper on the country’s future, assuming the electorate votes to withdraw from the United Kingdom.
Chief executive Malcolm Webb said: “Both the UK and Scottish governments recognize the importance of the UK oil and gas industry and are aware the industry must be able to work in a secure and predictable fiscal regime. With 10 months until the referendum, it is essential the constitutional debate does not create instability for our industry.
“We welcome the publication of the…White Paper…and hope it may bring greater clarity to this debate…We are particularly encouraged with commitments to encourage exploration and measures to maximize the economic recovery of the oil and gas reserves. We also welcome reassurances on future decommissioning relief and the commitment to consult on future fiscal changes.
“It remains vital both governments [the UK and Scotland] continue to work together in order to maximize the economic activity of the oil and gas industry for the benefit of all involved.”