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October 9, 2017

Responding to Statoil’s announcement that it has made an oil discovery in the Verbier prospect on the UK Continental Shelf, Deirdre Michie, Chief Executive of Oil & Gas UK, said:

“This is good news from Statoil and partners and we now really hope that the find proves to be commercially appealing and proceeds to development.

“It’s also another signal of confidence in the future of the UK Continental Shelf and the kind of development that should further persuade investors of the benefit of putting their money into this basin which still holds billions of barrels of oil and gas.”

Issued by the Communications Team, Oil & Gas UK. Contact Communications Manager Jennifer Phillips on 01224 577279 / [email protected]

 

 

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