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November 30, 2017

Commenting on the findings of the 27th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce in partnership with the Fraser of Allander Institute and KPMG, Deirdre Michie, Chief Executive of Oil & Gas UK, said:

“It’s heartening to see another report indicating confidence is returning to the UK Continental Shelf – a sentiment reinforcing the findings in our own Economic Report.

“Oil & Gas UK believes there is more optimism surrounding the future of the basin and this is partly reflected in the significant merger and acquisition activity we’ve been seeing over the past year. That said, we can’t be complacent, as there are parts of the supply chain still finding it very tough. So that’s why we must maintain our focus on sustaining our efficiency improvements and making the North Sea as competitive as it can be.

“We must attract more fresh investment into the basin to drive new activity and ensure we can recover the billions of barrels of oil and gas it still holds.”

ENDS

Notes to Editors

  1. Please find the press release and further information on the survey on the Aberdeen Grampian Chamber of Commerce website.

Issued by the Communications Team, Oil & Gas UK. Contact Communications Manager Jennifer Phillips on 01224 577279 / [email protected]k or Lucy Gordon, Communications Adviser on 01224 577331 / [email protected] or Communications Adviser Natalie Coupar on 01224 577343 or [email protected]

Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

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