UKOOA states case for UK oil and gas

UK Offshore Operators to stress need for incentives to sustain activity across UK shelf, as government review the country's future energy mix

Offshore staff

(London) The UK Offshore Operators Association plans to participate in a public consultation concerning a review of Britain's energy policy. Ukooa wants to press the government to maximize production from the UK's oil and gas reserves.

Malcolm Webb, Ukooa's chief executive, claimed the UK could continue to be a world-class producer for several decades. "This involves ensuring that the UK is competitively placed to attract the hundreds of billions of pounds of investment that will be needed to extract these resources." The Pre-Budget petroleum windfall tax on UKCS producers in December had not helped, he added, but a more informed review of the nation's needs might help redress the balance.

1/26/06

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