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News_Archive04th Oct 2019

Shell’s Pierce field FID

Responding to the announcement of the Final Investment Decision for the Pierce field gas project, Mike Tholen, Upstream Policy Director OGUK said:

“This is good news and will help to meet more of the UK’s energy needs from domestic production. That Shell and Ithaca Energy have agreed the Final Investment Decision on Pierce underlines that the UK Continental Shelf remains an attractive investment proposition, with technological developments and a continued focus on efficiency unlocking new opportunities.

“This decision enables the UK’s offshore oil and gas industry to provide security of energy supply, support hundreds of thousands of jobs and make a valuable contribution to public services through taxation.”