Oil & Gas UK to present 2015 Economic Report in September

Oil & Gas UK is hosting a series of business briefings in Norwich, Newcastle and London to present the results of its 2015 Economic Report.

According to Oil & Gas UK, these events taking place across the UK will follow the launch in September of the trade association’s annual publication at the Offshore Europe conference in Aberdeen where places have already sold out. Also, Oil & Gas UK has said that bookings for briefings are open.

Stephen Marcos Jones, Oil & Gas UK’s business development director, said that publication of the Economic Report has already generated a very high level of interest. He further explained that the report is based on data provided by Oil & Gas UK’s members. The report contains the information from the Department of Energy & Climate Change (DECC), covers a range of pertinent topics from oil and gas markets and regulation to production and reserves, and provides the most accurate and up to date information about the health of the industry, said Jones.

He said: “Oil and gas related companies, including those based in the key supply chain hubs of the North East of England and East Anglia, and those servicing the industry’s commercial needs in London, will benefit from gaining deeper insights into the current trends across the sector.”

“Monday 14 September is the date for the Norwich Lunch Briefing, supported by EEEGR, followed by the Newcastle business lunch briefing on Tuesday 15 September, which is supported by NOF Energy. Costain and Herbert Smith Freehills are sponsors for the London business briefing which takes the form of a breakfast event on Wednesday 16 September.”

The UK’s offshore oil and gas province has become the most expensive in the world in which to operate, Oil & Gas UK said in a statement.

The representative organisation for the UK offshore Oil & Gas industry said that industry speakers and regional trade associations, NOF Energy and EEEGR, will discuss the sector’s progress in tackling the challenge of operating in a lower oil price world, restoring competitiveness and attracting fresh investment into the UK Continental Shelf.

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