Sept 21 (LNGJ) - Offshore Energies UK, the leading trade body for the energy industry whose members includes over 400 organisations with an interest in offshore oil, gas, carbon capture and other projects, said its future role had been boosted by the government’s pledge to follow “proportionate” goals towards Net Zero by 2050. The body said a consensus was needed to unlock £200 billion ($247Bln) of company investment in oil and gas as well as carbon capture and other projects.
“OEUK has sight of around £35Bln of potential oil and gas capital investment over the next 10 years, of which about half will go on projects in existing fields and half on new fields. This is part of wider oil and gas expenditure that could be £90Bln through to 2030,” it said. “The Prime Minister is right that we need to take people with us and that includes the 200,000 people working in this industry,” it added.
