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Oil & Gas UK secures early forum following meeting with new Secretary of State for BEIS

Published:  09 August, 2016

Deirdre Michie, Oil & Gas UK’s chief executive met with Greg Clark MP, secretary of state for the newly formed department for business, energy and industrial strategy in Aberdeen recently.

He reinforced that the UK Government sees the oil and gas sector as a strategically important industry for the UK, and one which needs to be at the heart of the Government’s new industrial strategy.

Michie made a direct plea to the Oil and Gas Authority and the secretary of state to bring forward the next meeting of the important industry and governmental group, the MER UK Forum, to discuss the immediate challenges of low investment and activity facing the North Sea. She confirmed that they have agreed to do this: “While tangible progress is being made by industry to tackle the current downturn and improve operational efficiencies, very real challenges are still being faced. There is an absolute need for governments, the regulator and industry to come together to make strategic interventions that will unlock investment and stimulate activity for the longer term. If we make the correct interventions now, the industry can continue to play a critical role in meeting the UK’s energy needs, support hundreds of thousands of jobs, and ensure the world-leading expertise that the sector possess are not lost.

“We look forward to working with Mr Clark and his team to help create a robust industrial strategy which recognises the importance of oil and gas as an indigenous, secure supply of energy and a bridge to a lower carbon economy, as well as remaining a vital contributor to the UK economy.”

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