Oil & Gas UK hails Catcher project approval

Oil & Gas UK, the industry body representing the oil and gas industry in the UK, welcomes the £1.5bn Catcher Project approval.

Oil & Gas UK operations director Oonagh Werngren

Oil & Gas UK said it welcomed that Premier Oil plc’s Catcher Project is to go ahead, a project set to recover around 100 million barrels of oil from the North Sea.

Oil & Gas UK operations director Oonagh Werngren said:

“This is yet another clear sign that opportunity remains in the North Sea, and it reiterates the importance of ensuring the UK Continental Shelf (UKCS) continues to offer a stable fiscal environment where such investments can proceed, contributing to the long term success of our industry.

Related: Premier receives DECC nod for Catcher development

“The Catcher Project, the largest investment announced in the UK North Sea this year and one of the largest industrial investments of 2014, is a good example of a project that has been enabled as a result of government field allowances.

“Development of Catcher will secure a significant number of jobs for the UK, provide a valuable source of primary energy to enhance our security of supply and generate tax revenues for the Treasury, which is all very much to be welcomed.”

 

June 13, 2014

 

 

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply