Oil and Gas: North Sea

Part of Energy and Climate Change – in the House of Commons at 12:00 am on 12 May 2016.

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Photo of Andrea Leadsom Andrea Leadsom The Minister of State, Department of Energy and Climate Change 12:00, 12 May 2016

This year the Government have pulled out all the stops to support the oil and gas sector. This includes a fiscal package worth £1.3 billion over five years, £20 million for new seismic surveys and, of course, our core policy of establishing the Oil and Gas Authority, whose job is to maximise economic recovery from the North sea. This is a vital UK industry, and we are totally committed to keeping the UK continental shelf as an attractive destination for investment, securing hundreds of thousands of jobs.