Future of the Oil and Gas Industry — [Mr Charles Walker in the Chair]

Part of the debate – in Westminster Hall at 2:43 pm on 14th March 2019.

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Photo of Richard Harrington Richard Harrington Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy) 2:43 pm, 14th March 2019

If I were the hon. Gentleman, I would not worry about that. We are also asking how the sector can support the development of UK carbon capture, usage and storage infrastructure through the effective use of legacy assets. The focus on underwater engineering proposed by industry, as part of a phased approach, is welcome. We are a global leader in subsea engineering, a market forecast to grow exponentially, but competition is fierce.

I am responsible for sector deals generally, and I am very much looking forward to advancing these proposals. What impresses me most about the way this sector has developed is that with Mr Garlick’s work and the co-operation of many people in Government, Parliament and the industry, so many of these things are already happening. I am very impressed by that; I wish I could say that was true in other sectors that I have been involved in. I commend the Committee’s report, and I look forward to developing the points in it.