The UK offshore oil and gas industry has welcomed the deal outcome between the EU and the UK as the EU (Future Relationship) bill is voted on in parliament today. The leading representative body for the sector said that as the detail of the agreement is worked through, it is important that any friction and red tape is kept to a minimum whist ensuring it also reinforces the opportunity to pursue an exciting energy future.

OGUK chief executive Deirdre Michie OBE said:
“OGUK has consistently stated that a deal would be the best outcome for our industry. We therefore welcome the agreement and thank both the UK and EU for their efforts in securing this trade deal. We continue to work through the details with our members, the government, and the broader business community to ensure that every opportunity is taken to minimise and manage any potential disruption to goods and services in the energy sector, as well as limiting inefficiencies and red tape as changes are implemented.

“With anticipated agreement for the deal there is no time to waste, and it must also mark a renewed ambition in pursuit of an exciting energy future. We look forward to progressing the North Sea Transition Deal in the new year, which was supported in the government’s Energy White Paper and will unlock the full potential of our changing sector as a partner to deliver net zero.

“Through making the most of our domestic resources and putting our essential expertise to work, we can continue to provide jobs and opportunities in energy communities across the UK, while providing the affordable and lower carbon energy needed by millions across the country.”

KeyFacts Energy Industry Directory: Oil & Gas UK