Influencing governments and policy makers is an important part of OGUK’s day to day work. Our legislators set the framework in which our industry must work including licensing, taxation and regulations relating to health and safety and the environment.
As part of our regular activity, OGUK monitors what is going on in the Westminster, Holyrood and European Parliaments, responds to government consultations, gives evidence to Parliamentary committees when requested, meets regularly with Ministers, maintains day to day contacts with key government officials (civil servants) and works closely with the members of the Westminster Parliament (MPs), Scottish Parliament (MSPs) and European Parliament (MEPs) who have a strong constituency interest or are otherwise connected to offshore oil and gas and energy policy issues. We will also be working closely with the new Regulator, the Oil and Gas Authority (OGA) and the official Government / Industry engagement channels, particularly through the MER UK Forum.
Industry blueprint for next UK Government
OGUK has launched a blueprint outlining four key priorities the next UK Government should focus on to help secure the future of the North Sea oil and gas industry.
• Establish a UK energy policy that realises the full benefits of the UK’s indigenous resources
• Ensure the UK Continental Shelf (UKCS) is globally competitive for investment
• Ensure Brexit negotiations support, develop and promote the oil and gas industry
• Establish practical steps to protect, progress and promote operators, the supply chain and the industry workforce
OGUK believes delivery of these priorities – aligned with an ambitious vision for offshore oil and gas industry developed by the Oil and Gas Authority with industry – could help generate an additional revenue of over £290 billion to the UK economy over the next 20 years.
Vision 2035 brings together two scenarios over the next two decades: one for UKCS production; the other for the supply chain. It outlines the potential benefits to the UK that would come from fully capitalising on the opportunities presented by maximising activity in both areas.
Vision 2035 could:
• Ensure industry is still a significant producer in 2035
• Double supply chain turnover over the next two decades