Westminster Hall debate on UK Oil and Gas Industry - April 19
Friday, 20 April 2018 08:23
Colin Clark (Gordon) (Con):...As the Minister mentioned, the Oil
& Gas Technology Centre sees the future being hydrogen and
carbon focused, with unmanned facilities and reusable structures.
Already, BP in the Quad 204 is putting into practice
subsea automated structures and vessels, as opposed to rigs. This
is a rapidly changing industry—we are changing skills... David
Duguid (Banff and Buchan) (Con):...While decommissioning
opportunities are inevitable from the more than 400...Request free trial
(Gordon) (Con):...As
the Minister mentioned, the Oil & Gas Technology Centre sees
the future being hydrogen and carbon focused, with unmanned
facilities and reusable structures. Already, BP in the Quad 204 is putting into practice
subsea automated structures and vessels, as opposed to rigs. This
is a rapidly changing industry—we are changing skills...
(Banff and Buchan)
(Con):...While decommissioning opportunities are
inevitable from the more than 400 fields that have ceased—or will
cease—production, the industry is far from dead. For example, I
found out yesterday that 27% of BP’s new exploration is taking place in
the North sea. I formerly worked for BP and I remember a time
when BP felt that it was looking for the
least expensive basins around the world to operate in. It had the
economies of scale to be able to do that at a large scale.
However, BP also always described the North
sea and the UKCS as a whole as its own backyard. It is great to see
it coming back. Unit operating costs have reduced significantly
since 2014 from $30 a barrel equivalent to around $15 in
2017...
To read the whole debate, CLICK
HERE
|
