O&G UK CEO Comments on Vote against Moratorium

In response to the European Parliament's adoption of the non-legislative resolution, Malcolm Webb, Oil & Gas UK's chief executive, said, "Oil & Gas UK welcomes the clear signal that Members of the European Parliament (MEPs) have sent to the European Commission that a moratorium on deep-sea drilling is unjustified and inappropriate. We now urge the Commission to take this into account as it formulates its views on the safety of European oil and gas activities.

"The UK oil and gas industry operates under a robust and fit for purpose regulatory regime, with almost 7,000 wells having been drilled successfully over the last twenty years.

"However, MEPs did show support for other measures which we believe are unjustified and which, if implemented, could harm the UK economy, jobs and security of energy supply. We have highly technically competent and professional regulators and there can be no benefit to the UK in duplicating their expertise.

"The UK industry, Government and trade unions are not being complacent though and through the Oil Spill Prevention and Response Advisory Group (OSPRAG), are carrying out a thorough review of UK procedures and practices and will institute any enhancements identified as a result of that review or the findings of the investigations and inquiries currently ongoing in the United States."