Oil & Gas UK welcomes Prime Minister's support for industry and city deal (Scandinavian Oil-Gas Magazine)

Oil & Gas UK welcomes Prime Minister's support for industry and city deal

Published Jan 29, 2016

Deirdre Michie, chief executive of Oil & Gas UK

Deirdre Michie, chief executive of Oil & Gas UK, said: 'We very much welcome Prime Minister David Cameron's visit to Aberdeen and his recognition of the seriousness of our situation.

His announcement of a £250 million fund for the Aberdeen Region City Deal, coupled with the matched funding from the Scottish Government, is a much needed positive step forward for north east Scotland and will benefit our sector more widely.

'While the oil and gas sector is under severe pressure globally, due to the current oil glut and price collapse, it is being felt particularly forcefully on the UK Continental Shelf (UKCS), which is a mature basin with its own particular difficulties and cost challenges.

Tags: Oil & Gas UK

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