The announcement by the Scottish Government that £4 million of support will be made available through the Decommissioning Challenge Fund has been welcomed by OGUK. The fund provides support for projects that enhance the decommissioning market and supply chain across Scotland.
Commenting, Mike Tholen, Upstream Policy Director OGUK, said:
“The Decommissioning Challenge Fund underlines the Scottish Government’s ongoing commitment to the oil and gas industry as we look to harness decommissioning opportunities at home and indeed, globally.
“Although decommissioning only accounts for eight percent of total spend in the North Sea, it is a growing market in which the UK has first mover advantage. This will not only provide the supply chain with a steady workflow in the UK, but these competitive capabilities are exportable to a global market.
“At the same time, we remain focused on providing security of energy supply through home-produced resources, providing energy sovereignty as recognised recently by the Committee on Climate Change in its Net Zero Report. All of this will ensure that we continue to provide highly skilled jobs, remain a major economic contributor and are best placed to become a key partner in the transition towards a low carbon future.”