UK Oil & Gas: We’re Ready To Move Forward

Published at 10:37AM - 24/06/16

British oil and gas trade association, Oil & Gas UK, has released a statement following with vote by the UK to leave the European Union.

In the statement Oil & Gas UK said that it: “respects the democratic decision of the UK people and we are ready to move forward.’

Minimise Uncertainty

The statement continued saying: “As ever, our role is to represent our members throughout the transition ahead.

“We hope that all those involved will now come together and work constructively to make this transition as smooth as possible and we ask that the UK Government clearly outlines the process which will follow to minimise any potential period of uncertainty.”

UKCS Great Place To Do Business

On the look ahead, the body stated that the UK continental shelf (UKCS) is still a great place to do business and invest, as it looks to keep international investment flowing in to the industry.

“The UK oil and gas industry is at a critical juncture and we need to ensure the UK Continental Shelf continues to attract investment and be seen as a great place to do business.

“We will be consulting closely with our members in the coming weeks and look forward to engaging with all governments to play our part in this process.” concluded the statement.