OGTC to paint a clearer picture of the future North Sea oil sector

Published: 19 Jun 2018 By Grace Kimberley

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The Oil and Gas Technology Centre (OGTC) has announced it will provide evidence to an inquiry about the future of the North Sea’s oil industry in Aberdeen next week.

Colette Cohen, chief executive of the Scottish Affairs Committee will give insight into the OGTC-related commitments of the organisation next Monday.

Alongside Cohen will be Petro-economist Alex Kemp (representing Aberdeen University), Paul der Leeuw, director of the Oil and Gas Institute (representing Robert Gordon University) and Willie Reid, director of the Strathclyde Oil and Gas Institute.

The meeting will describe the future of technology and innovation in the industry, as well as the latest research and projects currently receiving aid from the OGTC.

Former oil businessman Sir Ian Wood inquired with the OGTC last week, saying technology will be the “be all and end all” of the North Sea sector’s future across the next 20 to 30 years.

Wood also commented on exploration, citing that “serious exploration” is required during this time for the industry to achieve success in recovering 20billion barrels of oil from the North Sea region.

Oil and Gas UK, the UK’s leading oil and gas body, also brought evidence to the table, with skills and employment issues manager Alix Thom predicting the Aberdeen market is likely to face a talent shortage as operations pick up.

 

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