targets will not be hit
has found that 50% of respondents believe the UK
Government's strategy for shale gas production is
unsustainable and targets will not be reached. The
implication is that it will take far longer than estimates
suggest for shale gas to cut the UK's energy imports.
the government's drive to shale gas production will increase
competition for qualified staff in the UK and will make
growth within the UK oil and gas industry unsustainable.
The survey also found that 33% of respondents don't believe
there will be rapid growth of shale gas production in the UK
because the UK does not have enough rigs, fracking
equipment and qualified staff.
meet its energy security targets, but the Government needs
to realise that the UK needs equipment, rigs and qualified
staff that are in short supply," said Kevin Forbes, CEO of
Oilandgaspeople.com.
community run by Achilles on behalf of the UK, Dutch and Irish oil and gas
industry.
of activity that is good for the industry, the UK economy and
consumers. However, maintaining profits will be dependent on
keeping costs under tight control and that will require greater
collaboration across the industry, so that assets can be retained
in the region and their use maximised. Sharing costs creates
value.
that investment in the UK
Continental Shelf will rise
to £13 billion in 2013, the
highest number on record.
and long term stability
must be maintained to
help this trend continue,
says Jim Pearce, a partner
at business analysts A.T.
Kearney.
towards a long term
sustainable path for North
Sea oil and gas over the
next 40 years, which is
now in the sunset of its
renewables and nuclear,
the UK is still predicted to
rely on oil and gas for
70% of its energy needs in
2040, underlining the
importance of an enduring
energy strategy.
as it allows the industry to
plan for the long term.
However the industry
must respond too and
work more effectively
with the scant skilled
human and physical assets
(e.g. semi-submersible
rigs) that it now has active
in the basin."
E: sales@lweltd.co.uk
W: www.lweltd.co.uk
4,6 or 8 Pumps, Full security package
Permanent/Semi-permanent, manned/unmanned
Fully Re-locatable, Minimal set-up time
Cost effective, proven technology