Chief executive appointed of new Oil and Gas Authority
Published: 20 November, 2014
Andy Samuel, currently managing director of BG Group’s Exploration and Production in Europe, has been appointed as the chief executive of the UK Oil and Gas Authority (OGA).
The government is also asking industry and others for their views on how best to deliver the next stage of Sir Ian Wood’s recommendations. In a call for evidence industry are being asked for views on the governance and scope of the new regulator, the Maximising Economic Recovery UK strategy, the new regulatory powers of the Oil and Gas Authority and its sanctions regime and the cost recovery mechanism.
Energy and Climate Change Secretary Ed Davey said: “‘It’s vital for Government to work closely with industry to maintain Britain’s energy security and Andy is superbly placed to steer the OGA to maximise the economic recovery of our oil and gas resources. We’re also asking industry for their views to make sure we implement the Wood Review recommendations in the most efficient and practical way.’
New chief executive of the OGA, Andy Samuel commented on his appointment:
“I am honoured to have been chosen to lead the OGA. I know first-hand the challenges industry currently faces and am confident that implementing the vision set out in the Wood Review will create a strong future for the UK’s oil and gas industry. I have much enjoyed my time at BG Group, with a lot to be grateful for, and am now looking forward to establishing the OGA and setting its priorities in the New Year.”
The OGA will be tasked with maximising the economic recovery of the UK’s oil and gas resources, and will be established in April 2015. Samuel will begin his role officially on 1st January 2015 .
