first minister hears first hand from industry
Chevron Upstream Europe’s managing director Greta Lydecker recently joined industry colleagues in a meeting with Scotland’s First Minister, Rt Hon Nicola Sturgeon MSP, at Oil & Gas UK’s Aberdeen offices.
The First Minister discussed the current state of the industry with senior executives and also future prospects. Greta Lydecker raised the role of collaboration and technology as key enablers to the strategy to Maximise Economic Recovery from the U.K. North Sea.
“Opportunities still exist in the North Sea, given the right technology and collaboration. For example Chevron – in collaboration with ConocoPhillips – is about to bring online the Alder gas project, a high pressure high temperature field that was discovered many years ago but only now does the technology exist to make it feasible,” said Greta.
According to Oil & Gas UK, the First Minister said she “was delighted to meet with the Board of Oil & Gas UK, which continues our close engagement with the industry to overcome the challenges it currently faces. While the recent oil and gas production statistics demonstrate that the industry is adapting to the current period of low prices, we are under no illusions about the significant challenges that remain”.
Deirdre Michie, chief executive of Oil & Gas UK, added: “We appreciated the First Minister taking time to come and speak with us in Aberdeen. We were able to give her an update on the performance of the UK offshore oil and gas industry and an overview of what the industry is doing to manage its way through one of the toughest times it has ever had to deal with.
“Industry has worked hard to significantly improve efficiency and lower its costs and we gave some examples as to what has been achieved under the leadership of the industry-led Efficiency Task Force.”