United Kingdom: Officials will do all they can to encourage UK E&P ///
Lord Truscott is Parliamentary Under Secretary of State for Energy. As part of his duties in supporting Secretary of State for Trade and Industry Alistair Darling on energy issues, Lord Truscott works to ensure the sustainability and security of the UK energy supply, as well as to protect the environment in the process. He also handles the issues of fuel poverty and nuclear security, and he covers all DTI business in the House of Lords.
Question: How do you see DTI’s role within the UK upstream?
Answer: Government is determined to do all it can to maximize economic recovery of the UK’s oil and gas resources and maintain strong levels of investment and activity in the North Sea. Up until the end of 2006, industry had produced around 37 billion boe in the UK, with up to 20 billion boe remaining to be produced. So, there are still plenty of opportunities for those companies with the drive and determination to turn them into a reality.
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