Today in Aberdeen, senior representatives of the UK oil and gas industry held constructive discussions with the Energy Minister, Charles Hendry MP, and Scottish Energy Minister, Fergus Ewing, on the future of the UK oil and gas industry at the bi-annual PILOT Summit.

Following 2011’s record drop in production, central to the discussion was the effort to enhance oil and gas recovery from the UK continental shelf with acccess to infrastructure, capital and skilled people all playing a role.

Malcolm Webb, Oil & Gas UK’s chief executive, said: “Oil & Gas UK enjoyed today’s constructive discussion with the Energy Minister. Last year’s drop in both exploration and production does not reflect the vast production potential that remains in the UKCS or the extensive technology and expertise that exists within our world class supply chain. However, only by working together – and the Budget proposals resulting from year long collaboration on the tax regime are a good example - can we ensure that the performance in 2011 is not repeated. Oil & Gas UK and its members will engage with the Governments on these issues to help ensure recovery of the UK’s oil and gas is maximised along with all the associated economic benefits.”

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