
This will involve improving the efficiency with which the industry operates, including increasing the production of oil and gas by one third, boosting jobs and reducing UK’s reliance on expensive imports.
David Cameron, prime minister, said: “For many years the UK has supported the North Sea oil and gas industry and we have worked together to make this an economic success the whole country can be proud of.- A new shared strategy for ‘maximising economic recovery (of oil and gas) for the UK;
- The creation of a new arm’s length regulatory body to oversee and develop the programme; and
- Increased collaboration by industry in areas such as development of regional hubs, sharing of infrastructure and reducing the complexity and delays in current legal and commercial processes.
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