Oil & Gas UK says two new exploration discoveries in the North Sea by a supermajor mark a more positive start to the year for the UK’s offshore industry.
BP today (Wednesday 31 January) announced successful discoveries in its Capercaillie and Achmelvich wells. The data of both wells is now under evaluation.
Oil & Gas UK Chief Executive Deirdre Michie said:
“BP’s exciting discovery marks a more positive start to 2018 for UK exploration.
“Our competitive fiscal terms, and the strides we have made to bring our finding costs in line with our peers, make the UKCS a very attractive basin for doing business.
“While industry continues to build on its efficiency programme, Oil & Gas UK will continue to work closely with stakeholders to ensure no stone is left unturned in our efforts to maximise economic recovery from the basin.”
Notes to Editors
Issued by the Communications Team, Oil & Gas UK.
Contact Communications Manager Jennifer Phillips 01224 577279 / [email protected],
Communications Adviser Lucy Gordon 01224 577331 [email protected] / Communications Adviser Natalie Coupar 01224 577343 [email protected] / Communications Adviser Lucy Buglass 020 7802 2404 [email protected]
Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.