The Prosperity Fund’s energy related initiatives do not directly finance oil and gas exploration or production. They aim to help create policy and business environments that strengthen energy markets and encourage investment, in turn improving energy security and access; enabling faster transition to cleaner, low carbon, energy and greater energy efficiency.
Breakdown of Official Development Assistance spend is published quarterly as part of the Prosperity Fund’s Transparency commitments. This can be found at: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/787922/prosperity-fund-oda-data.ods
Some of the activities required to deliver secondary benefits to business are not eligible for ODA funding, therefore the Fund includes a small component of non-aid funding (approximately 3% of the total Fund) to capitalise on opportunities generated through ODA funded initiatives in line with the UK Export Strategy. Non-Official Development Assistance projects relevant to the Oil and Gas Sector for 2018, can be broken down as follows:
Mexico Oil and Gas Supply Chain Mapping
Health, Safety and Environment Seminar
UK Capabilities in Mexico’s Oil and gas sector
UK-China commercial collaboration on unconventional Gas
A visit by the UK Onshore Oil and Gas (UKOOG) to meet with key players in China to demonstrate UK’s expertise, leading commercial offer and advantages.
Oil & Gas Technology and Services Market Research
PF 6th Edition UK Energy in Brazil Conference
Oil and Gas market opportunities assessment
For more information on the Prosperity Fund and its programmes please see: https://www.gov.uk/government/publications/cross-government-prosperity-fund-programme