Oil & Gas UK has welcomed the appointment of first chief executive for the new Oil and Gas Authority.
DECC has today informed that Andy Samuel has been appointed as the first chief executive of the Oil and Gas Authority (OGA).
Commenting on that announcement Oil & Gas UK’s chief executive Malcolm Webb said:
“Oil & Gas UK welcomes the news that Andy Samuel is to head up the new OGA as its first chief executive. Andy Samuel is a highly respected industry figure, well-known in Oil & Gas UK circles. An outstanding professional of great integrity and vision, Andy has precisely the right qualities we need in a leader to take forward the industry and government’s shared ambition of maximising economic recovery of the UK’s oil and gas resources.
“We are at a critical stage in the history of UK offshore oil and gas development and bold steps need to be taken now to ensure strong activity continues into the future. This is a mature province which urgently needs to overcome severe cost challenges and improve its fiscal competitiveness to attract investment and drive growth across the supply chain. The Wood Report called for a new well-resourced regulator to be created and to work alongside HM Treasury and the industry in a tri-partite approach to maximise economic recovery of the UK’s oil and gas resources. The government has chosen wisely in selecting Andy Samuel to take the helm at the OGA. Oil & Gas UK looks forward to working with him as he takes on this crucially important job.”