Action needed now to
secure UK oil industry
15/03/10 12:55 Filed in:
blog
The message delivered to the Convention of Scottish
Local Authorities (COSLA) that action is needed now
to encourage investment in the North Sea oil and gas
industry needs to be heeded by our politicians.
As Sue Bruce, Aberdeen City Council’s Chief
Executive, pointed out, it is quite clear that the
Norwegian Government is investing heavily in their
strategy to position Norway as the leading energy hub
in Europe -- a mantle currently worn by Aberdeen.
Candidates in the
general election should be challenged to give their
strategy for maintaining the UK’s position
Anyone visiting Stavanger in Norway cannot fail to be
impressed by the ‘go-getting’ attitude. There is
massive investment in facilities and new
infrastructure.
Where in Aberdeen we struggle to drive from one side
of the city to the other, and put up with hours of
delay at the infamous Haudagain roundabout, our
counterparts on the other side of the North Sea are
traversing the city on a modern transport
infrastructure that includes tunnels to take traffic
under the harbour.
If the UK is serious about maintaining
Aberdeen’s position as the energy capital of Europe
and the world’s number two downstream oil centre,
we really need to waken up our ideas.
Otherwise, while we fiddle, we can expect to see the
oil and gas focus shift across the North Sea.
That would put in question:
- More than £12 billion of revenue to the
Exchequer each year.
- The future of almost half a million oil-related
jobs in the UK.
- The £35 billion that the industry contributes
to our balance of payments.
- Compromise the energy security of the UK. (75%
of our prime energy needs in the UK are fed from
the North Sea.)
But given the low profile that the offshore oil
industry has in the UK, I have to doubt if the
questions that should be asked will be asked in the
run-up to the general election.
It is down to all of us to ask election
candidates to spell out what their strategy is to
maintain the UK’s lead in in offshore oil and
gas.
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