OGA » Kallanish Energy News
The UK oil and gas regulator said Tuesday the industry has been hit hard by the coronavirus outbreak, posing a “considerable challenge” to the sector, Kallanish Energy reports.
The body is working “very closely” with the Department for Business, Energy and Industrial Strategy (BEIS) and HM Treasury on financial resilience. It’s also supporting the work of industry and trade associations on operational and logistical resilience.
“The Oil and Gas Authority (OGA) is firmly focused on its role of working with industry and government through this difficult time to safeguard both the energy supply we know is needed for the foreseeable future and the thousands of jobs which help deliver it,” said OGA chief executive Andy Samuel.
“Maintaining our critical infrastructure is vital,” he added, announcing a few changes and reprioritization. “We recognise the immediacy of the current situation and will work flexibly with all parties as appropriate.”
Areas of immediate focus include: financial and operational resilience; operations and turnarounds; licence management; supply chain; and communication.
Samuel said that despite the unprecedented period of uncertainty and “serious threats” to the sector, “we have not lost sight of the importance of achieving the UK’s net zero ambitions.”
OGA continues its program to integrate net zero considerations into its works, because it knows the O&G industry can play a “significant and leading role in helping the UK achieve this.”
The net zero program will be implemented in a way that is both considerate and flexible, Samuel said.