Trust company to monitor fishing hazards

Oil & Gas UK and two UK fishing federations have created a new company to monitor seabed hazards arising from UK sector oil and gas activities.

Offshore staff

ABERDEEN, UK --Oil & Gas UK and two UK fishing federations have created a new company to monitor seabed hazards arising from UK sector oil and gas activities.

The Fisheries Legacy Trust Co. (FLTC)'s main function will be to administer a trust fund to maintain up-to-date information on these hazards, and to make them available to fishing vessel plotters in wheelhouses all around Britain's coasts.

The first project will be FishSafe Mk2, an updated replacement of a monitoring program introduced in 2000. Among other tasks, this will examine the impact on the fishing industry of abandoned production infrastructure following an approved decommissioning program.

Oil & Gas UK will initially provide funding to FLTC, and the company is also applying for support funding from the European Union to expand the project's scope and applications. In time, the new body should be supported entirely by oil and gas companies involved in decommissioning.

09/13/2007

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