David Cameron announces boost for energy sector
David Cameron has visited Aberdeen today to announce a raft of measures to boost the oil and gas sector.
He is backing the export of the city’s “world class skills in oil and gas” with a £20million package of investment in exploration, innovation and skills.
The funding will go towards for a second round of seismic surveys on the UK Continental Shelf, with £1million in awards for those using it creatively to find new oil fields.
An Oil and Gas Ambassador is also to be appointed – helping UK companies access markets overseas, promote the North Sea and boost inward investment.
By the early summer, the Oil and Gas Authority will publish a UKCS Decommissioning plan, with the aim of enabling Aberdeen’s £15billion service sector to become “the centre of a new global market for decommissioning” and help UK firms prepare to capitalise on the “huge opportunities” set to arise in the coming years.
This will be supported by the Natural Environment Research Council, which is investing up to £1million in new projects supporting the UK’s decommissioning expertise and its environmental management.
There’s also a new ministerial group, led by UK Energy Secretary Amber Rudd, set with the task of developing a government response to the low oil price – and a plan to help affected workers to come in spring.
The Prime Minister spoke to Original 106 Head of News Alastair Gossip: